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National Credit Union Service Organization

SUN CREDIT UNION

Dec, 31, 2023 — SUN CREDIT UNION is a federally insured state chartered credit union headquartered in HOLLYWOOD, FL with 3 branch locations and about $113.22 million in total assets. Opened 33 years ago in 1991, SUN CREDIT UNION has about 7,131 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 267078707
Name:SUN CREDIT UNION
Address:
(Main Office)
4205 Hollywood Blvd
HOLLYWOOD, FL 33021
Phone:(954) 967-4441
Fax:(954) 967-4440
Website:https://www.suncu.org
Branches:3 branch locations
Members:7,131
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67332
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1991
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$113,215,440
CEO/Manager:Patrick J Mason
Chairperson:Horace G Mclarty

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,450,401
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,059,540
 Unsecured Loans 4,497,272
 Other Loans 32,629,706
 TOTAL LOANS 44,186,518
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -477,891
 Land And Building 2,471,199
 Other Fixed Assets 86,223
 NCUSIF Deposit 1,015,378
 All Other Assets 0
  TOTAL ASSETS 113,215,440
LIABILITIES & CAPITAL:  
 Dividends Payable 91
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,194,920
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,232,489
 Regular shares 35,797,689
 All Other Shares & Deposits 43,758,698
  TOTAL SHARES & DEPOSITS 101,788,876
  TOTAL LIABILITIES 102,983,887
 Regular Reserve 0
 Other Reserves -856,513
 Undivided Earnings 11,088,066
  TOTAL EQUITY 10,231,553
  TOTAL LIABILITIES, SHARES, & EQUITY 113,215,440
INCOME & EXPENSE  
 Loan Income 2,044,255
 Investment Income 1,861,354
 Other Income 597,568
 Total Employee Compensation & Benefits 1,459,080
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,884,235
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 196,675
 Cost of Funds 606,251
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 878,461
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