Suncoast Credit Union

Suncoast Credit Union Overview

Suncoast Credit Union is located in Tampa, FL. The organization was established in 2016. 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 12/2019, Suncoast Credit Union employed 2,082 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suncoast 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 12/2019, Suncoast Credit Union generated $521.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $406.4m during the year ending 12/2019. While expenses have increased by 12.1% per year over the past 5 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.

Since 2015, Suncoast Credit Union has awarded 45 individual grants totaling $2,798,406. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE QUALITY OF OUR MEMBERS' LIVES THROUGH STRENGTH, SECURITY, AND INNOVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION OFFERS OUR MEMBERS A SOURCE OF CREDIT THROUGH VARIOUS TYPES OF LOANS, INCLUDING MORTGAGE, AUTO, AND PERSONAL. INTEREST RATES FOR OUR LOANS ARE COMPETITIVE IN OUR LOCAL MARKETS.


THE CREDIT UNION OFFERS COMPETITIVE SAVINGS PRODUCTS TO OUR MEMBERS WITH INTEREST RATES THAT ARE MORE FAVORABLE THAN OUR LOCAL COMPETITION ON OUR INTEREST BEARING ACCOUNTS AND CERTIFICATES OF DEPOSIT.


SERVICE FEES CHARGED BY THE CREDIT UNION FOR OUR PRODUCTS ARE GENERALLY LOWER THAN OUR LOCAL COMPETITION OR HAVE BEEN ELIMINATED.


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Suncoast Credit Union Board, Officers & Key Employees

Suncoast Credit Union Vendors

Vendor Name (Service)Compensation
Kass Shuler Pa
Legal Service Attorney
$943,616
Wetherington Hamilton & Harrison Pa
Attorney
$312,291
Hepner Architects
Architects
$331,040
Tcs Corp
Janitorial Services
$799,998
Law Offices Of Daniel Consuegra
Collections Attorney
$211,362
View All Vendors

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$480,661,406
Investment income $35,870,971
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,468,228
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $521,014,379

Suncoast Credit Union Grants Awarded

Over the last fiscal year, Suncoast Credit Union has awarded $488,331 in support to 9 organizations.

Grant RecipientAmount

SUNCOAST CU FOUNDATION

Org PageRecipient Profile

Tampa, FL

PURPOSE: FUNDING EDUCATION & MEDICAL NEEDS OF CHILDREN IN FLORIDA

$208,399

NATIONAL CREDIT UNION FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: TO FUND PROGRAMS THAT HELP IMPROVE CONSUMER'S FINANCIAL LIVES & SUNCOAST GAC ATTENDEES ATTENDED DINNER TO SUPPORT HERB WAGNER AWARD WINNERS

$119,199

TAMPA BAY AREA CREDIT UNION FOR KIDS INC

Org PageRecipient Profile

Tampa, FL

PURPOSE: TO RAISE FUNDS FOR THE AUTISM CENTER AT ALL CHILDREN'S HOSPITAL

$50,000

LEAGUE OF SOUTHEASTERN CU

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: TO PROVIDE ASSISTANCE TO SMALLER CREDIT UNIONS

$34,733

ARBOR DAY FOUNDATION

Org PageRecipient Profile

Lincoln, NE

PURPOSE: FUNDS TO PLANT TREES TO REDUCE CARBON EMISSIONS

$25,000

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Atlanta, GA

PURPOSE: TO RAISE FUNDS FOR CANCER RESEARCH

$16,000
View Grant Profile

Suncoast Credit Union Peer Organizations

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