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 2,668th largest credit union in the nation. It was established in 1950 and as of December of 2022, it had grown to 14 employees and 9,177 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 2022
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 | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 13.46% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $41.7MM$44.6MM |
| Loans | Q4 2022vs Q4 2021 | $26.7MM$27.7MM |
| Deposits | Q4 2022vs Q4 2021 | $38.3MM$41.9MM |
| Equity Capital | Q4 2022vs Q4 2021 | $3.1MM$2.6MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $268.00K$456.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $787.00K$616.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |