Dec, 31, 2023 — STERLING UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in EVANSVILLE, IN with 2 branch locations and about $90.16 million in total assets. Opened 68 years ago in 1956, STERLING UNITED FEDERAL CREDIT UNION has about 8,647 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STERLING UNITED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1330 W FRANKLIN ST EVANSVILLE, IN 47710-1028 |
| Phone: | (812) 425-0111 |
| Fax: | (812) 425-9226 |
| Website: | https://www.sufcu.org |
| Branches: | 2 branch locations |
| Members: | 8,647 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11273 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,160,644 |
| CEO/Manager: | Daniel Bullock |
| Chairperson: | Dennis Lamey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,083,306 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,865,352 |
| Unsecured Loans | 2,690,162 |
| Other Loans | 37,415,626 |
| TOTAL LOANS | 64,971,140 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -224,248 |
| Land And Building | 1,014,473 |
| Other Fixed Assets | 104,238 |
| NCUSIF Deposit | 727,702 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,160,644 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 737,266 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,939,710 |
| Regular shares | 26,863,863 |
| All Other Shares & Deposits | 33,021,401 |
| TOTAL SHARES & DEPOSITS | 79,824,974 |
| TOTAL LIABILITIES | 80,562,240 |
| Regular Reserve | 0 |
| Other Reserves | 1,030,095 |
| Undivided Earnings | 8,568,309 |
| TOTAL EQUITY | 9,598,404 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,160,644 |
| INCOME & EXPENSE | |
| Loan Income | 3,284,955 |
| Investment Income | 577,995 |
| Other Income | 545,240 |
| Total Employee Compensation & Benefits | 1,483,694 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,545,599 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 210,086 |
| Cost of Funds | 1,128,585 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 360,538 |
| ↑ Back to Top | |