Jun, 30, 2023 — SUNCOAST CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 75 branch locations and about $15.75 billion in total assets. Opened 45 years ago in 1978, SUNCOAST CREDIT UNION has more than 1.1 million members and employs 2,393 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: | https://www.suncoastcreditunion.com |
| Branches: | 75 branch locations |
| Members: | 1,082,957 |
| 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: | $15,749,578,366 |
| CEO/Manager: | Kevin D Johnson |
| Chairperson: | Zamir L Ode |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 717,405,984 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,684,267,957 |
| Unsecured Loans | 1,252,419,972 |
| Other Loans | 5,852,231,558 |
| TOTAL LOANS | 11,789,358,372 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,212,025 |
| Land And Building | 147,440,017 |
| Other Fixed Assets | 21,099,371 |
| NCUSIF Deposit | 127,286,405 |
| All Other Assets | 943,248 |
| TOTAL ASSETS | 15,749,578,366 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 409 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 187,128,920 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 175,000,000 |
| Share Drafts | 2,748,095,399 |
| Regular shares | 4,195,538,368 |
| All Other Shares & Deposits | 7,356,266,907 |
| TOTAL SHARES & DEPOSITS | 14,299,900,674 |
| TOTAL LIABILITIES | 14,662,030,003 |
| Regular Reserve | 0 |
| Other Reserves | -274,309,226 |
| Undivided Earnings | 1,361,857,589 |
| TOTAL EQUITY | 1,087,548,363 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,749,578,366 |
| INCOME & EXPENSE | |
| Loan Income | 331,104,588 |
| Investment Income | 31,335,174 |
| Other Income | 36,527,835 |
| Total Employee Compensation & Benefits | 127,684,060 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 107,168,825 |
| Non-operating Income & (Expense) | -16,145,109 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,000,000 |
| Cost of Funds | 51,698,089 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 109,224,007 |
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