Dec, 31, 2020 — STERLING UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in EVANSVILLE, IN with 3 branch locations and about $74.14 million in total assets. Opened 65 years ago in 1956, STERLING UNITED FEDERAL CREDIT UNION has about 8,571 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 |
|---|---|
| Address: (Main Office) | 1330 W. FRANKLIN STREET EVANSVILLE, IN 47710-1028 |
| Phone: | (812) 425-0111 |
| Fax: | (812) 425-9226 |
| Website: | http://www.sufcu.org |
| Branches: | 3 branch locations |
| Members: | 8,571 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11273 |
|---|---|
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,143,235 |
| CEO/Manager: | Daniel Bullock |
| Chairperson: | Greg Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,284,494 |
| TOTAL INVESTMENTS | 22,913,749 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,958,515 |
| Unsecured Loans | 1,746,556 |
| Other Loans | 14,004,726 |
| TOTAL LOANS | 40,709,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -271,967 |
| Land And Building | 1,119,272 |
| Other Fixed Assets | 206,442 |
| NCUSIF Deposit | 627,654 |
| All Other Assets | 553,794 |
| TOTAL ASSETS | 74,143,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 579,928 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,674,835 |
| Regular shares | 29,170,479 |
| All Other Shares & Deposits | 14,014,779 |
| TOTAL SHARES & DEPOSITS | 65,860,093 |
| TOTAL LIABILITIES | 66,440,021 |
| Regular Reserve | 1,030,095 |
| Other Reserves | 0 |
| Undivided Earnings | 6,673,119 |
| TOTAL EQUITY | 7,703,214 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,143,235 |
| INCOME & EXPENSE | |
| Loan Income | 1,673,307 |
| Investment Income | 633,147 |
| Other Income | 935,934 |
| Total Employee Compensation & Benefits | 1,225,383 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,466,166 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 343,836 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 207,003 |
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