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SUNBELT FEDERAL CREDIT UNION

Dec, 31, 2023 — SUNBELT FEDERAL CREDIT UNION is a federal credit union headquartered in HATTIESBURG, MS with 10 branch locations and about $277.82 million in total assets. Opened 71 years ago in 1953, SUNBELT FEDERAL CREDIT UNION has about 38,120 members and employs 99 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: 265377633
Name:SUNBELT FEDERAL CREDIT UNION
Address:
(Main Office)
6885 U S Highway 49
HATTIESBURG, MS 39402
Phone:(601) 649-7181
Fax:
Website:https://www.sunbeltfcu.org
Branches:10 branch locations
Members:38,120
Credit Union Type:Federal Credit Union
Charter Number:8905
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1953
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$277,820,993
CEO/Manager:W. Christopher Hammond
Chairperson:Robert Dearman

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 26,732,920
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 18,685,864
 Unsecured Loans 36,982,675
 Other Loans 105,554,471
 TOTAL LOANS 161,223,010
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,302,697
 Land And Building 19,274,314
 Other Fixed Assets 4,184,393
 NCUSIF Deposit 2,090,524
 All Other Assets 230,400
  TOTAL ASSETS 277,820,993
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 10,000,000
 Accounts Payable & Other Liabilities 7,413,108
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 50,725,180
 Regular shares 89,876,992
 All Other Shares & Deposits 73,198,130
  TOTAL SHARES & DEPOSITS 213,800,302
  TOTAL LIABILITIES 231,213,410
 Regular Reserve 0
 Other Reserves -4,739,840
 Undivided Earnings 51,347,423
  TOTAL EQUITY 46,607,583
  TOTAL LIABILITIES, SHARES, & EQUITY 277,820,993
INCOME & EXPENSE  
 Loan Income 12,716,859
 Investment Income 1,647,109
 Other Income 9,500,226
 Total Employee Compensation & Benefits 6,686,069
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,401,428
 Non-operating Income & (Expense) -103,130
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,463,387
 Cost of Funds 1,634,027
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,766,421
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