Sun Credit Union
- Assets
- $122.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Hollywood, FL
- Founding
- 10/1970
- Data as of
- 12/2022
- EIN
- 59-0904715
Organization Overview
Sun Credit Union is located in Hollywood, FL. The organization was established in 1970. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Sun Credit Union employed 26 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sun Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Sun Credit Union generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CREDIT UNION SERVICES TO MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Mason CEO | OfficerTrustee | 40 | $238,719 |
Christine Blanthorn Director | Trustee | 2 | $0 |
Horace G Mclarty Director | Trustee | 2 | $0 |
Kwei T Battles Director | Trustee | 2 | $0 |
Tamara L Thornton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,765,379 |
| Investment income | $1,124,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,889,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,719 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $872,338 |
| Pension plan accruals and contributions | $45,807 |
| Other employee benefits | $104,878 |
| Payroll taxes | $81,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,038 |
| Fees for services: Accounting | $324,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,261 |
| Advertising and promotion | $52,960 |
| Office expenses | $681,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,246 |
| Travel | $13,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,921 |
| Interest | $186,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,049 |
| Insurance | $55,125 |
| All other expenses | $97,792 |
| Total functional expenses | $3,503,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,299 |
| Savings and temporary cash investments | $47,498,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,274,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,337,452 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $357,383 |
| Net Land, buildings, and equipment | $2,612,252 |
| Investments—publicly traded securities | $22,326,079 |
| Investments—other securities | $0 |
| Investments—program-related | $1,509,041 |
| Intangible assets | $0 |
| Other assets | $2,494,687 |
| Total assets | $122,210,783 |
| Accounts payable and accrued expenses | $1,481,204 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,022,568 |
| Total liabilities | $113,503,772 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,707,011 |
| Total liabilities and net assets/fund balances | $122,210,783 |