Jun, 30, 2024 — SUNCOMP EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRISTOL, VA with 1 branch location and about $4.04 million in total assets. Opened 48 years ago in 1976, SUNCOMP EMPLOYEES FEDERAL CREDIT UNION has about 369 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUNCOMP EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 15559 Lee Hwy BRISTOL, VA 24202-3801 |
Phone: | (276) 645-2427 |
Fax: | (276) 645-7527 |
Website: | https://suncompefcu.virtualcu.net |
Branches: | 1 branch locations |
Members: | 369 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22340 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | May 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,035,684 |
CEO/Manager: | Lee A Davis |
Chairperson: | ROBERT FIELDS |
ASSETS: | $ Amount |
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Cash & Equivalents | 339,657 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 249,164 |
Other Loans | 1,378,032 |
TOTAL LOANS | 1,627,196 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,821 |
Land And Building | 0 |
Other Fixed Assets | 9,313 |
NCUSIF Deposit | 14,372 |
All Other Assets | 0 |
TOTAL ASSETS | 4,035,684 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,846 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 128,143 |
All Other Shares & Deposits | 941,157 |
TOTAL SHARES & DEPOSITS | 1,069,300 |
TOTAL LIABILITIES | 1,076,146 |
Regular Reserve | 0 |
Other Reserves | 121,281 |
Undivided Earnings | 2,838,257 |
TOTAL EQUITY | 2,959,538 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,035,684 |
INCOME & EXPENSE | |
Loan Income | 97,074 |
Investment Income | 6,523 |
Other Income | 5,947 |
Total Employee Compensation & Benefits | 57,153 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 76,901 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,691 |
Cost of Funds | 12,170 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -95,331 |
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