Dec, 31, 2021 — SUNCOAST CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 75 branch locations and about $14.87 billion in total assets. Opened 44 years ago in 1978, SUNCOAST CREDIT UNION has more than 1.0 million members and employs 2,083 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUNCOAST CREDIT UNION |
|---|---|
| Address: (Main Office) | 6801 E Hillsborough Ave TAMPA, FL 33610 |
| Phone: | (813) 621-7511 |
| Fax: | |
| Website: | http://www.suncoastcreditunion.com |
| Branches: | 75 branch locations |
| Members: | 1,003,373 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68645 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $14,874,920,814 |
| CEO/Manager: | Kevin D Johnson |
| Chairperson: | Zamir L Ode |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,672,594,023 |
| TOTAL INVESTMENTS | 2,710,198,679 |
| Loans Held for Sale | 1,258,225 |
| Real Estate Loans | 4,277,522,140 |
| Unsecured Loans | 1,081,797,508 |
| Other Loans | 4,721,848,276 |
| TOTAL LOANS | 10,090,735,412 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,691,306 |
| Land And Building | 148,658,022 |
| Other Fixed Assets | 23,681,520 |
| NCUSIF Deposit | 119,230,517 |
| All Other Assets | 245,255,722 |
| TOTAL ASSETS | 14,874,920,814 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 893 |
| Notes & Interest Payable | 251,091,120 |
| Accounts Payable & Other Liabilities | 148,490,549 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,508,208,620 |
| Regular shares | 3,945,143,949 |
| All Other Shares & Deposits | 6,793,317,500 |
| TOTAL SHARES & DEPOSITS | 13,246,670,069 |
| TOTAL LIABILITIES | 13,646,252,631 |
| Regular Reserve | 89,415,436 |
| Other Reserves | -23,965,399 |
| Undivided Earnings | 1,163,218,146 |
| TOTAL EQUITY | 1,228,668,183 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,874,920,814 |
| INCOME & EXPENSE | |
| Loan Income | 404,620,052 |
| Investment Income | 19,324,355 |
| Other Income | 39,729,517 |
| Total Employee Compensation & Benefits | 158,261,681 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 129,667,543 |
| Non-operating Income & (Expense) | 4,942,912 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,773,666 |
| Cost of Funds | 70,995,187 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 173,221,555 |
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