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 |
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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 |
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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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $74,143,235 |
CEO/Manager: | Daniel Bullock |
Chairperson: | Greg Williams |
ASSETS: | $ Amount |
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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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