Overview / Commentary
Cencap Federal Credit Union is headquartered in HARTFORD and is the 33rd largest credit union in the state of Connecticut. It is also the 2,542nd largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 23 employees and 10,453 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
Related Posts
Health
C
Data as of Q4 2019
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 | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.22% |
| Return on Equity - YTD | -18.23% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $40.6MM$47.8MM |
| Loans | Q4 2019vs Q4 2018 | $34.3MM$36.7MM |
| Deposits | Q4 2019vs Q4 2018 | $37.7MM$44.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.7MM$3.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $1.2MM$1.1MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.1MM$1.2MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$56.00K |