Jun, 30, 2024 — STERLING UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in EVANSVILLE, IN with 2 branch locations and about $80.48 million in total assets. Opened 69 years ago in 1956, STERLING UNITED FEDERAL CREDIT UNION has about 8,615 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STERLING UNITED FEDERAL CREDIT UNION |
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Address: (Main Office) | 1330 W FRANKLIN ST EVANSVILLE, IN 47710-1028 |
Phone: | (812) 425-0111 |
Fax: | (812) 425-9226 |
Website: | https://www.sufcu.org |
Branches: | 2 branch locations |
Members: | 8,615 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11273 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $80,479,075 |
CEO/Manager: | Daniel Bullock |
Chairperson: | Dennis Lamey |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,401,470 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,497,863 |
Unsecured Loans | 2,128,895 |
Other Loans | 29,296,572 |
TOTAL LOANS | 57,923,330 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -288,553 |
Land And Building | 1,063,042 |
Other Fixed Assets | 144,059 |
NCUSIF Deposit | 668,467 |
All Other Assets | 0 |
TOTAL ASSETS | 80,479,075 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 835,875 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,551,095 |
Regular shares | 33,760,346 |
All Other Shares & Deposits | 13,252,982 |
TOTAL SHARES & DEPOSITS | 70,564,423 |
TOTAL LIABILITIES | 71,400,298 |
Regular Reserve | 0 |
Other Reserves | 1,030,095 |
Undivided Earnings | 8,048,682 |
TOTAL EQUITY | 9,078,777 |
TOTAL LIABILITIES, SHARES, & EQUITY | 80,479,075 |
INCOME & EXPENSE | |
Loan Income | 1,763,992 |
Investment Income | 329,725 |
Other Income | 388,005 |
Total Employee Compensation & Benefits | 1,022,249 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,030,889 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 209,582 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 599,079 |
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