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SUNCOMP EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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