Sunland Credit Union
- Assets
- $2.1m
- Revenue
- $153.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Marianna, FL
- Founding
- Data as of
- 12/2017
- EIN
- 23-7080104
Organization Overview
Sunland Credit Union is located in Marianna, FL. As of 12/2016, Sunland Credit Union employed 2 individuals. Sunland 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 12/2017, Sunland Credit Union generated $153.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $139.1k during the year ending 12/2017. While expenses have increased by 3.4% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
SERVICES TO QUALIFIED MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES TO QUALIFIED MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Kent CEO | 40 | $41,306 | |
Valena Alexander CEO | Officer | 20 | $0 |
Roger Cosson Chairman | Trustee | 1 | $0 |
Randall Wynn Vice Chairma | Trustee | 1 | $0 |
Beverly Cobb Treasurer | Trustee | 1 | $0 |
Adam Chambliss Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,508 |
| 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 | $153,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,316 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,802 |
| Pension plan accruals and contributions | $8,964 |
| Other employee benefits | $575 |
| Payroll taxes | $3,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,384 |
| Office expenses | $11,861 |
| Information technology | $2,904 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $2,026 |
| Depreciation, depletion, and amortization | $2,309 |
| Insurance | $5,639 |
| All other expenses | $0 |
| Total functional expenses | $139,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $783,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,285,631 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,547 |
| Total assets | $2,105,296 |
| Accounts payable and accrued expenses | $34,358 |
| 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 | $1,488,141 |
| Total liabilities | $1,522,499 |
| Net assets without donor restrictions | $582,797 |
| 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 |
| Total liabilities and net assets/fund balances | $582,797 |
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