Question 1

What is Sterling United Federal Credit Union (SUFCU)?

Accepted Answer

Sterling United Federal Credit Union (SUFCU) is a community-chartered federal credit union serving the Evansville, Indiana area and surrounding counties. With approximately $98.5 million in assets and over 8,200 members, SUFCU provides a full range of financial services to residents who live, work, worship, volunteer, or attend school in Posey, Vanderburgh, or Warrick County in Indiana, or Henderson County in Kentucky.

As a member-owned financial cooperative, SUFCU operates under the credit union philosophy of "people helping people" and focuses on delivering competitive rates, low fees, and personalized service to its community.

Question 2

When was Sterling United Federal Credit Union (SUFCU) founded?

Accepted Answer

Sterling United Federal Credit Union was chartered as a federal credit union in 1956. The credit union was established to provide quality financial services and create a safe and sound financial environment for its members in the Evansville area.

Over nearly seven decades of service, SUFCU has evolved from its modest beginnings to become a well-capitalized institution serving a potential membership base of over 314,000 individuals across its four-county service area.

Question 3

Where is Sterling United Federal Credit Union (SUFCU) headquartered?

Accepted Answer

Sterling United Federal Credit Union is headquartered at 1330 W. Franklin Street in Evansville, Indiana. The credit union maintains additional branch locations in the Evansville area, including a location at 1212 Saint George Road, to serve its growing membership.

Question 4

Where does Sterling United Federal Credit Union (SUFCU) operate?

Accepted Answer

SUFCU operates in southwestern Indiana and northwestern Kentucky, serving members in four counties. Membership eligibility extends to anyone who lives, works, worships, volunteers, or attends school in Posey County, Vanderburgh County, or Warrick County in Indiana, or Henderson County in Kentucky.

The credit union's field of membership gives it access to a potential member base of over 314,000 individuals in these communities. SUFCU maintains multiple branch locations in the Evansville metropolitan area to serve its members.

Question 5

What services does Sterling United Federal Credit Union (SUFCU) offer?

Accepted Answer

Sterling United Federal Credit Union offers a comprehensive suite of financial products and services, including:

Deposit Accounts: Share savings accounts with competitive rates, checking accounts with no monthly service fees or minimum balance requirements, and high-yield accounts earning up to 3.40% APY for members who meet monthly requirements.

Lending Products: Personal loans, auto loans, home equity lines of credit, and credit cards. SUFCU offers two Visa credit card options - the Visa Classic with competitive rates and no annual fees, and the Visa Gold with promotional 0% APR on new purchases for the first 12 months and balance transfers.

Digital Banking: Full-featured online banking with account management, bill pay services, mobile banking app with mobile check deposit, real-time transaction alerts, and electronic statements. Members can access their accounts 24/7 through secure digital platforms.

Additional Services: Loan advances from lines of credit, account-to-account transfers, and member-to-member transfer capabilities through online banking.

Question 6

What makes Sterling United Federal Credit Union (SUFCU) unique?

Accepted Answer

Sterling United Federal Credit Union distinguishes itself through its strong commitment to affordability and member value. The credit union offers checking accounts with no monthly service fees and no minimum balance requirements, removing common barriers to banking access.

SUFCU provides competitive promotional rates on credit cards, including 0% APR offerings for balance transfers and new purchases, helping members save on interest charges and consolidate debt more effectively. The credit union's high-yield savings options with rates up to 3.40% APY demonstrate its commitment to helping members build wealth.

As a well-capitalized institution with a net worth ratio of 10.5%, SUFCU maintains strong financial stability while focusing on community banking rather than profit maximization. The credit union employs approximately 24 staff members who provide personalized service to the local community.

Question 7

What type of financial institution is Sterling United Federal Credit Union (SUFCU)?

Accepted Answer

Sterling United Federal Credit Union is a federal credit union chartered under federal law and regulated by the National Credit Union Administration (NCUA). As a federal credit union, SUFCU operates under a federal charter (Charter Number 11273) and must comply with federal credit union regulations.

SUFCU is classified as a community credit union, meaning membership is available based on residence, employment, worship, volunteer work, or school attendance within its defined geographic service area rather than being restricted to a single employer or association. This community charter allows SUFCU to serve all eligible residents and workers in its four-county field of membership.

As a credit union, SUFCU operates as a not-for-profit financial cooperative owned by its members. Each member has equal voting rights in the credit union's governance, regardless of account balance, and the institution exists to serve member financial needs rather than maximize profits for external shareholders.

Sterling United Federal Credit Union (SUFCU)

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Sterling United Federal Credit Union (SUFCU) in the United States