Dec, 31, 2023 — SUN EAST FEDERAL CREDIT UNION is a federal credit union headquartered in ASTON, PA with 7 branch locations and about $848.66 million in total assets. Opened 75 years ago in 1949, SUN EAST FEDERAL CREDIT UNION has about 52,265 members and employs 149 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUN EAST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4500 Pennell Rd ASTON, PA 19014-1862 |
| Phone: | (610) 485-2960 |
| Fax: | |
| Website: | https://www.suneast.org |
| Branches: | 7 branch locations |
| Members: | 52,265 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6160 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $848,660,560 |
| CEO/Manager: | Michael J Kaczenski |
| Chairperson: | Thomas A Crawford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,843,347 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 402,979,535 |
| Unsecured Loans | 73,685,636 |
| Other Loans | 271,666,416 |
| TOTAL LOANS | 748,331,587 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,834,049 |
| Land And Building | 5,903,681 |
| Other Fixed Assets | 3,381,009 |
| NCUSIF Deposit | 7,170,036 |
| All Other Assets | 717,633 |
| TOTAL ASSETS | 848,660,560 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 13,400,000 |
| Accounts Payable & Other Liabilities | 8,177,573 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 143,548,778 |
| Regular shares | 221,620,008 |
| All Other Shares & Deposits | 397,323,225 |
| TOTAL SHARES & DEPOSITS | 762,492,011 |
| TOTAL LIABILITIES | 784,069,584 |
| Regular Reserve | 0 |
| Other Reserves | -5,934,563 |
| Undivided Earnings | 70,525,539 |
| TOTAL EQUITY | 64,590,976 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 848,660,560 |
| INCOME & EXPENSE | |
| Loan Income | 38,076,477 |
| Investment Income | 1,640,229 |
| Other Income | 4,887,351 |
| Total Employee Compensation & Benefits | 15,812,297 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,357,062 |
| Non-operating Income & (Expense) | -5,342 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,148,360 |
| Cost of Funds | 12,731,328 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,220,628 |
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