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800-786-0945
1627 Holland Rd
Maumee, OH 43537

Sun Credit Union is headquartered in Maumee and is the 9th largest credit union in the state of Ohio. It is also the 492nd largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 102 employees and 30,773 members. Sun Credit Union's savings rates are 6X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Philadelphia, Montgomery, Delaware or Berks County. Also open to employees of several select Employee Groups. - See Details

Reviews (1)

Sun Federal Is My Home Away From Home

Not only does Sun Federal more than satisfy all of my financial service needs, the employees there treat me like I am family.

I highly recommend Sun for everyone who is eligible to join.



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Sun Credit Union had $6.09 million in non-current loans and owned real-estate with $30.85 million in equity and loan loss allowances on hand to cover it. This gives Sun Credit Union a Texas Ratio of 19.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Sun Credit Union increased slightly from 13.17% as of December 31, 2012 to 19.74% as of December 31, 2013, resulting in a negative change of 49.87%. This indicates that the balance sheet and financial strength for Sun Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Sun Credit Union has increased its total deposits by $57,000, resulting in 0.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sun Credit Union has shown is above average.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sun Credit Union has $441.49 million in assets with $30.85 million in equity, resulting in a capitalization level of 6.99%, which is below average.

Institution Statistics

Overall
NCUA #7064
Year Chartered1951
Employees102
Primary Regulator
Assets and Liabilities
Assets$441.49 million
Loans$276.12 million
Deposits$400.83 million
Equity Capital$29.61 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$5.81 million
Real Estate Owned$278,000
Historic Data - December 2012
Assets$450.24 million
Equity Capital$38.01 million
Loan Loss Allowance$1.36 million
Unbacked Noncurrent Loans$5.81 million
Real Estate Owned$187,000
Profit Margin - Quarterly
Net Interest Margin3.57%
Return on Assets0.46%
Return on Equity6.81%
Interest Income$17.97 million
Rates
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Sun Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.04%$10k-Health Savings Account
0.40%$75k-Cash Management
0.10%--IRA Savings
0.10%--Share Savings
0.10%--Business Share Savings

Sun Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$75k-Business Checking

Sun Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.27%$1k-84 Month Raise-Up CD
1.51%$1k-54 Month Raise-Up CD
1.36%$1k-48 Month CD
0.90%$1k-36 Month CD
0.70%--30 Month CD
0.70%--30 Month Add-On Youth CD
0.55%$500-24 Month Add-On CD
0.40%$500-18 Month CD
0.30%$500-12 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD
0.15%$10k-1 Month CD

Sun Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.50%$50k-10-Year Lifetime IRA
2.27%$1k-84 Month Raise-Up IRA
1.51%$1k-54 Month Raise-Up IRA
1.36%$1k-48 Month IRA
1.11%$1k-42 Month Add-On IRA
0.90%$1k-36 Month IRA
0.70%--30 Month IRA
0.55%$500-24 Month IRA
0.40%$500-18 Month IRA
0.30%$500-12 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations

Sun Credit Union has 12 locations. Click to view all Sun Credit Union locations.