Dec, 31, 2023 — SUNCOMP EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRISTOL, VA with 1 branch location and about $3.50 million in total assets. Opened 48 years ago in 1976, SUNCOMP EMPLOYEES FEDERAL CREDIT UNION has about 316 members 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: | 316 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22340 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,503,885 |
| CEO/Manager: | Lee A Davis |
| Chairperson: | ROBERT FIELDS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 496,075 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 289,424 |
| Other Loans | 1,382,148 |
| TOTAL LOANS | 1,671,573 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,549 |
| Land And Building | 0 |
| Other Fixed Assets | 5,876 |
| NCUSIF Deposit | 10,579 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,503,885 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 91 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 104,396 |
| All Other Shares & Deposits | 441,499 |
| TOTAL SHARES & DEPOSITS | 545,895 |
| TOTAL LIABILITIES | 547,582 |
| Regular Reserve | 0 |
| Other Reserves | 121,281 |
| Undivided Earnings | 2,835,022 |
| TOTAL EQUITY | 2,956,303 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,503,885 |
| INCOME & EXPENSE | |
| Loan Income | 115,409 |
| Investment Income | 15,996 |
| Other Income | 6,909 |
| Total Employee Compensation & Benefits | 83,001 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 76,517 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -721 |
| Cost of Funds | 11,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -29,534 |
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