Dec, 31, 2023 — SUN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in EL CENTRO, CA with 8 branch locations and about $732.77 million in total assets. Opened 70 years ago in 1954, SUN COMMUNITY FEDERAL CREDIT UNION has about 50,947 members and employs 148 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUN COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1068 Broadway Ave EL CENTRO, CA 92243-2315 |
| Phone: | (760) 337-4200 |
| Fax: | |
| Website: | https://www.suncommunity.com |
| Branches: | 8 branch locations |
| Members: | 50,947 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9296 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $732,766,469 |
| CEO/Manager: | Patrick Carey |
| Chairperson: | Juan Cruz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,811,060 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 351,956,512 |
| Unsecured Loans | 41,247,213 |
| Other Loans | 131,146,761 |
| TOTAL LOANS | 524,350,486 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,562,148 |
| Land And Building | 11,692,587 |
| Other Fixed Assets | 2,539,495 |
| NCUSIF Deposit | 5,734,928 |
| All Other Assets | 338,838 |
| TOTAL ASSETS | 732,766,469 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,245 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 3,886,916 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 152,701,385 |
| Regular shares | 204,943,524 |
| All Other Shares & Deposits | 278,096,526 |
| TOTAL SHARES & DEPOSITS | 635,741,435 |
| TOTAL LIABILITIES | 674,776,344 |
| Regular Reserve | 0 |
| Other Reserves | -8,111,332 |
| Undivided Earnings | 66,101,457 |
| TOTAL EQUITY | 57,990,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 732,766,469 |
| INCOME & EXPENSE | |
| Loan Income | 28,774,779 |
| Investment Income | 4,971,602 |
| Other Income | 10,864,695 |
| Total Employee Compensation & Benefits | 11,809,838 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,366,435 |
| Non-operating Income & (Expense) | 241,471 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,382,549 |
| Cost of Funds | 7,669,431 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,202,378 |
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