Overview / Commentary
Cencap Federal Credit Union is headquartered in HARTFORD and is the 40th largest credit union in the state of Connecticut. It is also the 2,697th largest credit union in the nation. It was established in 1950 and as of December of 2023, it had grown to 16 employees and 8,989 members at 4 locations. Cencap Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership in Cencap Federal Credit Union is open to those who live, work, attend school or worship in the Hartford, Connecticut area.
See current membership details
Health
C+
Data as of Q4 2023
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Cencap Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6733 |
| Year Chartered | 1950 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 11.28% |
| Annual Interest Income | $2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $38.8MM$41.7MM |
| Loans | Q4 2023vs Q4 2022 | $28MM$26.7MM |
| Deposits | Q4 2023vs Q4 2022 | $35.9MM$38.3MM |
| Equity Capital | Q4 2023vs Q4 2022 | $2.7MM$3.1MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $431K$268K |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $418K$787K |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |