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Overview / Commentary
610-485-2960
4500 Pennell Rd
Aston, PA 19014

Sun East Credit Union is headquartered in Aston and is the 16st largest credit union in the state of Pennsylvania. It is also the 448th largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 115 employees and 45,016 members. Sun East Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee or member of one of the several affiliated businesses, associations, groups or churches in Pennsylvania, Delaware, and New Jersey. - See Details

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Health

Data for Q4 2013

Institution Health

B

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 East Credit Union had $6.55 million in non-current loans and owned real-estate with $44.07 million in equity and loan loss allowances on hand to cover it. This gives Sun East Credit Union a Texas Ratio of 14.87% 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 East Credit Union increased slightly from 9.62% as of December 31, 2012 to 14.87% as of December 31, 2013, resulting in a negative change of 54.54%. This indicates that the balance sheet and financial strength for Sun East Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Sun East Credit Union has increased its total deposits by $13.1 million, resulting in 3.05% 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 East Credit Union has shown is excellent.

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 East Credit Union has $486.1 million in assets with $44.07 million in equity, resulting in a capitalization level of 9.07%, which is average.

Institution Statistics

Overall
NCUA #6160
Year Chartered1949
Employees115
Primary Regulator
Assets and Liabilities
Assets$486.10 million
Loans$383.19 million
Deposits$442.76 million
Equity Capital$40.05 million
Loan Loss Allowance$4.01 million
Unbacked Noncurrent Loans$6.47 million
Real Estate Owned$82,000
Historic Data - December 2012
Assets$470.78 million
Equity Capital$38.15 million
Loan Loss Allowance$3.89 million
Unbacked Noncurrent Loans$6.47 million
Real Estate Owned$135,000
Profit Margin - Quarterly
Net Interest Margin3.79%
Return on Assets0.3%
Return on Equity3.67%
Interest Income$18.32 million
Rates
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Sun East Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$10k-Savings Account

Sun East Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.42%$250k-Performance Money Market
0.40%$100k-Premier Money Market
0.12%$2,500-Classic Money Market

Sun East Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%--60 Month CD
1.35%$500-35 Month CD
0.90%--36 Month CD
0.85%--30 Month CD
0.70%--24 Month CD
0.60%--12 Month CD
0.50%--18 Month CD
0.40%$500-11 Month CD
0.25%--6 Month CD
0.20%--3 Month CD

Sun East Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%--60 Month IRA
1.35%$500-35 Month IRA
0.90%--36 Month IRA
0.85%--30 Month IRA
0.70%--24 Month IRA
0.60%--12 Month IRA
0.50%--18 Month IRA
0.40%$500-11 Month IRA
0.25%--6 Month IRA
0.20%--3 Month IRA
Locations


Sun East Credit Union Locations
Branch Office831 Baltimore PikeGlen Mills, PA 19342
Branch Office3601 Chichester AveUpper Chichester, PA 19061-3149
Branch Office4500 Pennell RdAston, PA 19014-1862
Branch Office198 Baltimore PikeNottingham, PA 19362
Branch OfficeLondon Grove Village Shopping Center 811 Gap Newport PikeAvondale, PA 19311
Branch OfficeConcord Gallery Shopping Center 3630 Concord PikeWilmington, DE 19803
Branch Office1115B W Chester Pike West Goshen Town CentreWest Chester, PA 19382-5004
Branch Office1560 Garrett Rd Barclay Square Shopping CenterUpper Darby, PA 19082
Branch OfficeOlde Sproul Shopping Village 1134 Baltimore PikeSpringfield, PA 19064