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.
Name: | SUNBELT FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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