Overview / Commentary
Cencap Federal Credit Union is headquartered in HARTFORD and is the 35th largest credit union in the state of Connecticut. It is also the 2,552nd largest credit union in the nation. It was established in 1950 and as of June of 2020, it had grown to 20 employees and 10,854 members at 5 locations. Cencap Federal Credit Union's money market rates are 2X the national average, but it 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 Q2 2020
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 | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 6.95% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $44.4MM$42.9MM |
| Loans | Q2 2020vs Q2 2019 | $31.7MM$35.1MM |
| Deposits | Q2 2020vs Q2 2019 | $41.3MM$39.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $2.8MM$3.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $915.00K$1.1MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $954.00K$979.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |