Dec, 31, 2023 — SUNCOAST CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 78 branch locations and about $17.41 billion in total assets. Opened 46 years ago in 1978, SUNCOAST CREDIT UNION has more than 1.2 million members and employs 2,503 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: | 78 branch locations |
| Members: | 1,191,728 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $17,406,484,218 |
| CEO/Manager: | Kevin D Johnson |
| Chairperson: | Gary C Gresham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,795,264,259 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,242,506 |
| Real Estate Loans | 5,095,950,124 |
| Unsecured Loans | 1,670,942,200 |
| Other Loans | 6,240,905,735 |
| TOTAL LOANS | 13,008,158,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -204,233,756 |
| Land And Building | 150,472,623 |
| Other Fixed Assets | 27,873,214 |
| NCUSIF Deposit | 139,243,719 |
| All Other Assets | 7,485,005 |
| TOTAL ASSETS | 17,406,484,218 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,160,000,000 |
| Accounts Payable & Other Liabilities | 241,407,222 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 175,000,000 |
| Share Drafts | 2,712,260,949 |
| Regular shares | 3,480,260,379 |
| All Other Shares & Deposits | 8,352,849,434 |
| TOTAL SHARES & DEPOSITS | 14,545,370,764 |
| TOTAL LIABILITIES | 16,123,041,618 |
| Regular Reserve | 0 |
| Other Reserves | -202,829,300 |
| Undivided Earnings | 1,486,271,900 |
| TOTAL EQUITY | 1,283,442,600 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,406,484,218 |
| INCOME & EXPENSE | |
| Loan Income | 619,688,953 |
| Investment Income | 93,011,742 |
| Other Income | 58,656,397 |
| Total Employee Compensation & Benefits | 212,807,263 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 166,556,780 |
| Non-operating Income & (Expense) | 9,320,623 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,000,000 |
| Cost of Funds | 216,827,386 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 134,587,818 |
| ↑ Back to Top | |