Mar, 31, 2022 — SUNCOAST CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 75 branch locations and about $15.33 billion in total assets. Opened 44 years ago in 1978, SUNCOAST CREDIT UNION has more than 1.0 million members and employs 2,152 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: | 1,025,697 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $15,330,216,039 |
| CEO/Manager: | Kevin D Johnson |
| Chairperson: | Zamir L Ode |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,564,928,558 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,421,835,309 |
| Unsecured Loans | 1,152,252,066 |
| Other Loans | 4,966,676,919 |
| TOTAL LOANS | 10,541,212,845 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,069,074 |
| Land And Building | 147,629,044 |
| Other Fixed Assets | 22,089,831 |
| NCUSIF Deposit | 119,230,517 |
| All Other Assets | 1,205,327 |
| TOTAL ASSETS | 15,330,216,039 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 520 |
| Notes & Interest Payable | 50,503,782 |
| Accounts Payable & Other Liabilities | 182,270,133 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,650,618,548 |
| Regular shares | 4,210,249,309 |
| All Other Shares & Deposits | 7,078,244,787 |
| TOTAL SHARES & DEPOSITS | 13,939,112,644 |
| TOTAL LIABILITIES | 14,171,887,079 |
| Regular Reserve | 0 |
| Other Reserves | -41,553,268 |
| Undivided Earnings | 1,199,882,228 |
| TOTAL EQUITY | 1,158,328,960 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,330,216,039 |
| INCOME & EXPENSE | |
| Loan Income | 103,660,484 |
| Investment Income | 6,845,731 |
| Other Income | 11,277,804 |
| Total Employee Compensation & Benefits | 38,228,351 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,744,990 |
| Non-operating Income & (Expense) | -2,977,521 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000,000 |
| Cost of Funds | 15,993,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,664,082 |
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