SUNSTATE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.radiantcu.org for more information.
Dec, 31, 2023 — SUNSTATE FEDERAL CREDIT UNION is a federal credit union headquartered in Gainesville, FL with 12 branch locations and about $587.14 million in total assets. Opened 67 years ago in 1957, SUNSTATE FEDERAL CREDIT UNION has about 40,354 members and employs 148 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUNSTATE FEDERAL CREDIT UNION |
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Address: (Main Office) | 4500 NW 27th Ave Ste C1 South Gainesville, FL 32606-7042 |
Phone: | (352) 381-5200 |
Fax: | |
Website: | https://www.radiantcu.org |
Branches: | 12 branch locations |
Members: | 40,354 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11789 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $587,136,302 |
CEO/Manager: | Tom Barnard |
Chairperson: | Cynthia Brochu |
ASSETS: | $ Amount |
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Cash & Equivalents | 49,227,766 |
TOTAL INVESTMENTS | 80,523,361 |
Loans Held for Sale | 0 |
Real Estate Loans | 131,678,607 |
Unsecured Loans | 48,337,222 |
Other Loans | 240,047,801 |
TOTAL LOANS | 420,063,630 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,086,965 |
Land And Building | 16,474,474 |
Other Fixed Assets | 1,021,867 |
NCUSIF Deposit | 4,690,502 |
All Other Assets | 18,221,667 |
TOTAL ASSETS | 587,136,302 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,212 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,186,899 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 135,030,629 |
Regular shares | 151,998,759 |
All Other Shares & Deposits | 234,156,450 |
TOTAL SHARES & DEPOSITS | 521,185,838 |
TOTAL LIABILITIES | 525,373,949 |
Regular Reserve | 1,386,253 |
Other Reserves | 844,709 |
Undivided Earnings | 59,531,391 |
TOTAL EQUITY | 61,762,353 |
TOTAL LIABILITIES, SHARES, & EQUITY | 587,136,302 |
INCOME & EXPENSE | |
Loan Income | 20,985,860 |
Investment Income | 1,141,549 |
Other Income | 7,932,641 |
Total Employee Compensation & Benefits | 11,269,098 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,582,733 |
Non-operating Income & (Expense) | 1,425,625 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,107,324 |
Cost of Funds | 2,549,868 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,976,652 |
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