Mar, 31, 2021 — SUNCOAST CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 74 branch locations and about $13.47 billion in total assets. Opened 43 years ago in 1978, SUNCOAST CREDIT UNION has about 942,111 members and employs 1,991 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: | 74 branch locations |
| Members: | 942,111 |
| 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: | $13,471,639,659 |
| CEO/Manager: | Kevin D Johnson |
| Chairperson: | Zamir L Ode |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,039,254,483 |
| TOTAL INVESTMENTS | 1,715,515,839 |
| Loans Held for Sale | 27,625,558 |
| Real Estate Loans | 4,042,614,394 |
| Unsecured Loans | 1,048,194,695 |
| Other Loans | 4,288,595,724 |
| TOTAL LOANS | 9,390,549,832 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -143,924,993 |
| Land And Building | 148,847,716 |
| Other Fixed Assets | 27,287,745 |
| NCUSIF Deposit | 102,604,456 |
| All Other Assets | 163,879,023 |
| TOTAL ASSETS | 13,471,639,659 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 516 |
| Notes & Interest Payable | 115,426,200 |
| Accounts Payable & Other Liabilities | 151,090,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 200,000 |
| Share Drafts | 2,262,538,168 |
| Regular shares | 3,653,271,903 |
| All Other Shares & Deposits | 6,179,324,685 |
| TOTAL SHARES & DEPOSITS | 12,095,134,756 |
| TOTAL LIABILITIES | 12,361,851,978 |
| Regular Reserve | 89,415,436 |
| Other Reserves | -4,873,888 |
| Undivided Earnings | 1,025,246,133 |
| TOTAL EQUITY | 1,109,787,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,471,639,659 |
| INCOME & EXPENSE | |
| Loan Income | 99,297,386 |
| Investment Income | 3,417,347 |
| Other Income | 8,969,026 |
| Total Employee Compensation & Benefits | 33,214,530 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,655,589 |
| Non-operating Income & (Expense) | 2,499,593 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,666,666 |
| Cost of Funds | 19,446,785 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,249,542 |
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