Jun, 30, 2021 — SUNCOAST CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 74 branch locations and about $13.82 billion in total assets. Opened 43 years ago in 1978, SUNCOAST CREDIT UNION has about 967,798 members and employs 2,012 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: | 967,798 |
| 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: | $13,815,569,290 |
| CEO/Manager: | Kevin D Johnson |
| Chairperson: | Zamir L Ode |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,532,012,060 |
| TOTAL INVESTMENTS | 2,177,763,161 |
| Loans Held for Sale | 37,637,647 |
| Real Estate Loans | 4,080,736,095 |
| Unsecured Loans | 1,051,645,701 |
| Other Loans | 4,551,943,478 |
| TOTAL LOANS | 9,695,083,374 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -142,159,867 |
| Land And Building | 148,013,125 |
| Other Fixed Assets | 25,672,999 |
| NCUSIF Deposit | 110,402,741 |
| All Other Assets | 231,144,050 |
| TOTAL ASSETS | 13,815,569,290 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 495 |
| Notes & Interest Payable | 115,811,978 |
| Accounts Payable & Other Liabilities | 169,351,910 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,282,545,951 |
| Regular shares | 3,784,883,852 |
| All Other Shares & Deposits | 6,301,622,232 |
| TOTAL SHARES & DEPOSITS | 12,369,052,035 |
| TOTAL LIABILITIES | 12,654,216,418 |
| Regular Reserve | 89,415,436 |
| Other Reserves | -2,100,232 |
| Undivided Earnings | 1,074,037,668 |
| TOTAL EQUITY | 1,161,352,872 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,815,569,290 |
| INCOME & EXPENSE | |
| Loan Income | 199,411,909 |
| Investment Income | 7,931,127 |
| Other Income | 17,910,230 |
| Total Employee Compensation & Benefits | 68,860,191 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 62,963,886 |
| Non-operating Income & (Expense) | 4,045,978 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,666,666 |
| Cost of Funds | 37,782,764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,041,078 |
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