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CENTRIC FEDERAL CREDIT UNION

Dec, 31, 2023 — CENTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 8 branch locations and about $367.97 million in total assets. Opened 87 years ago in 1937, CENTRIC FEDERAL CREDIT UNION has about 42,166 members and employs 111 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 111193550
Name:CENTRIC FEDERAL CREDIT UNION
Address:
(Main Office)
213 Expo Cir
WEST MONROE, LA 71292-9414
Phone:(318) 340-9656
Fax:(318) 323-1517
Website:https://www.mycentric.org
Branches:8 branch locations
Members:42,166
Credit Union Type:Federal Credit Union
Charter Number:1982
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$367,970,651
CEO/Manager:Troyce R Parker
Chairperson:Joseph R Phillips

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 41,957,660
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 106,763,955
 Unsecured Loans 15,534,433
 Other Loans 169,468,827
 TOTAL LOANS 291,767,215
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,357,100
 Land And Building 16,169,686
 Other Fixed Assets 1,048,906
 NCUSIF Deposit 2,753,129
 All Other Assets 26,300
  TOTAL ASSETS 367,970,651
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 1,332,616
 Accounts Payable & Other Liabilities 9,054,377
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 4,900,000
 Share Drafts 55,580,764
 Regular shares 108,340,045
 All Other Shares & Deposits 146,272,572
  TOTAL SHARES & DEPOSITS 310,193,381
  TOTAL LIABILITIES 325,480,374
 Regular Reserve 0
 Other Reserves 1,774,306
 Undivided Earnings 40,715,971
  TOTAL EQUITY 42,490,277
  TOTAL LIABILITIES, SHARES, & EQUITY 367,970,651
INCOME & EXPENSE  
 Loan Income 17,780,587
 Investment Income 1,770,578
 Other Income 6,067,715
 Total Employee Compensation & Benefits 8,018,030
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,288,470
 Non-operating Income & (Expense) 655,374
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,801,026
 Cost of Funds 6,011,326
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,602,269
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