Sun Federal Credit Union is headquartered in Maumee and is the 12th largest credit union in the state of Ohio. It is also the 604th largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 133 employees and 35,705 members at 12 locations. Sun Federal Credit Union has a B health rating.
Sun Federal is open to those who regularly conduct business, or live, work, attend school, or worship in the Pennsylvania counties or Berks, Delaware, Montgomery, or Philadelphia; or in 85 census tracts in Lucas and Wood Counties, Ohio. Employees, retirees, students and members of a sponsored group or community in Ohio, Michigan, Pennsylvania, Delaware and New Jersey are also eligible to join. (Full list of sponsored groups is listed on the credit union's website).
See current membership details
Generally a good place. Employees are very friendly and helpful, and generally seem to have your best interest at heart.
Just keep in mind that this is a smaller credit union though -- and as such, it can have some quirks. For instance, on statements, an HSA account will instead be listed as an "IRA" account, as apparently their computers can't/don't differentiate for your monthly statements. Also, if you have beneficiaries assigned, the bank will show them as co-owners rather than beneficiaries on statements. I talked to a rep about both of these, and was told yes, that's just a glitch in the computer software and the way the statements are made... it IS an HSA account not an IRA, and those ARE beneficiaries not co-owners, even though the statements show otherwise because of the software. Just little things like that.
So keeping in mind quirks like that which can often come with a smaller credit union, it's a good place to bank. I'm still there.
|Return on Assets - YTD||0.51%|
|Return on Equity - YTD||8.14%|
|Annual Interest Income||$12.6MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$666.0MM$660.5MM|
|Loans||Q2 2023vs Q2 2022||$481.3MM$447.8MM|
|Deposits||Q2 2023vs Q2 2022||$575.5MM$610.8MM|
|Equity Capital||Q2 2023vs Q2 2022||$40.9MM$45.8MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$0$1.4MM|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$3.4MM$5.4MM|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Sun Federal Credit Union are currently being reviewed.