Carter Federal Credit Union is headquartered in Springhill and is the 12st largest credit union in the state of Louisiana. It is also the 842nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 77 employees and 30,662 members. Carter Federal Credit Union's savings rates are 4X the national average, and it has a B+ health rating.
Membership is open to those who live, work, worship or attend school, or are a business or other legal entity in Caddo, Bossier, Webster, Bienville, Claiborne, DeSoto or Red River Parishes, all in Louisiana, plus Columbia or Lafayette Counties, both in Arkansas. - See Details
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Carter Federal Credit Union had $1.82 million in non-current loans and owned real-estate with $20.18 million in equity and loan loss allowances on hand to cover it. This gives Carter Federal Credit Union a Texas Ratio of 8.99% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Carter Federal Credit Union experienced no significant changes from 8.77% as of March 31, 2013 to 8.99% as of March 31, 2014, resulting in a negative change of 2.59%. This indicates that the balance sheet and financial strength for Carter Federal Credit Union has had no significant changes in recent periods.
In the past year, Carter Federal Credit Union has increased its total deposits by $7.74 million, resulting in 4.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Carter Federal Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Carter Federal Credit Union has $232.34 million in assets with $16.39 million in equity, resulting in a capitalization level of 7.05%, which is below average.
|Assets and Liabilities|
|Equity Capital||$15.33 million|
|Secondary Capital||$3.80 million|
|Loan Loss Allowance||$1.05 million|
|Unbacked Noncurrent Loans||$1.79 million|
|Real Estate Owned||$25,000|
|Historic Data - March 2013|
|Equity Capital||$14.92 million|
|Loan Loss Allowance||$788,000|
|Unbacked Noncurrent Loans||$1.79 million|
|Real Estate Owned||$88,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.1%|
|Return on Assets||-0.04%|
|Return on Equity||-0.63%|
|Interest Income||$2.45 million|
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|0.50%||-||-||Roth IRA Savings|
|2.50%||-||$10k||My Carter Rewards Checking - Qualifying|
|0.11%||-||-||My Carter Rewards Checking - Non Qualifying|
|2.10%||$1k||-||60 Month Basic with Relationship Share Certificate|
|2.00%||$1k||-||60 Month Basic Share Certificate|
|1.61%||$1k||-||48 Month Basic with Relationship Share Certificate|
|1.51%||$1k||-||48 Month Basic Share Certificate|
|1.36%||$1k||-||36 Month Basic with Relationship Share Certificate|
|1.26%||$1k||-||36 Month Basic Share Certificate|
|1.01%||$1k||-||24 Month Basic Share Certificate|
|0.70%||$1k||-||12 Month Basic Share Certificate|
|0.60%||$1k||-||6 Month Basic Share Certificate|
|2.10%||$1k||-||60 Month Basic with Relationship IRA Certificate|
|2.00%||$1k||-||60 Month Basic IRA Certificate|
|1.61%||$1k||-||48 Month Basic with Relationship IRA Certificate|
|1.51%||$1k||-||48 Month Basic IRA Certificate|
|1.36%||$1k||-||36 Month Basic with Relationship IRA Certificate|
|1.26%||$1k||-||36 Month Basic IRA Certificate|
|1.01%||$1k||-||24 Month Basic IRA Certificate|
|0.70%||$1k||-||12 Month Basic IRA Certificate|
|0.60%||$1k||-||6 Month Basic IRA Certificate|
|Carter Federal Credit Union Locations|
|Branch Office||6889 Bert Kouns Ind Loop||Shreveport, LA 71129|
|Branch Office||7288 Highway 509||Mansfield, LA 71052|
|Branch Office||45 Highway 79 N||Magnolia, AR 71753-3244|
|Branch Office||918 Homer Rd||Minden, LA 71055|
|Branch Office||6885 Bert Kouns Ind Loop||Shreveport, LA 71129|
|Branch Office||24448 Highway 371||Sarepta, LA 71071|
|Branch Office||6652 Youree Dr||Shreveport, LA 71105|
|Branch Office||133 S Main St||Springhill, LA 71075|
|Branch Office||100 W Church St||Springhill, LA 71075|
|Branch Office||1125 Highway 80||Haughton, LA 71037-9430|