Overview / Commentary
Cencap Federal Credit Union is headquartered in HARTFORD and is the 39th largest credit union in the state of Connecticut. It is also the 2,683rd largest credit union in the nation. It was established in 1950 and as of December of 2024, it had grown to 17 employees and 8,430 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 2024
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, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6733 |
| Year Chartered | 1950 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.17% |
| Return on Equity - YTD | -38.98% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $38.3MM$38.8MM |
| Loans | Q4 2024vs Q4 2023 | $24.4MM$28MM |
| Deposits | Q4 2024vs Q4 2023 | $36MM$35.9MM |
| Equity Capital | Q4 2024vs Q4 2023 | $2.2MM$2.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $470K$431K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $587K$418K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |