Credit union surpasses $10B in total assets

Tampa-based Suncoast retains its status as Florida’s largest credit union.

By Business Observer Staff
| 1:05 p.m. June 10, 2019
| 2 Free Articles Remaining!

In 2018, Suncoast Credit Union unveiled a new $28 million headquarters facility in Tampa. Courtesy photo.

Tampa Bay-Lakeland

TAMPA — As of May 31, Suncoast Credit Union has exceeded $10 billion in total assets.

The Tampa-based financial institution has more than 839,000 members, according to a press release; it’s the largest credit union in Florida and the 10th largest in the United States.

Suncoast Credit Union added more than 63,000 members in 2018 alone, the release states, and originated nearly $4 billion in new loans.

“In 2018, we brought forward the message that ‘your fantastic future starts here’ because we are committed to helping improve the financial lives of our members by understanding and helping them reach their goals,” Suncoast President and CEO Kevin Johnson states in the release. “We believe this message helped inspire our healthy growth.”

Suncoast, founded in 1934, now operates 68 branches in 21 Florida counties.