Dec, 31, 2023 — CALIFORNIA COAST CREDIT UNION is a federally insured state chartered credit union headquartered in SAN DIEGO, CA with 25 branch locations and about $3.29 billion in total assets. Opened 95 years ago in 1929, CALIFORNIA COAST CREDIT UNION has about 201,575 members and employs 551 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CALIFORNIA COAST CREDIT UNION |
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Address: (Main Office) | 9201 Spectrum Center Blvd SAN DIEGO, CA 92123-1407 |
Phone: | (877) 495-1600 |
Fax: | (858) 495-1672 |
Website: | https://www.calcoastcu.org |
Branches: | 25 branch locations |
Members: | 201,575 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66584 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1929 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,287,677,887 |
CEO/Manager: | Todd Lane |
Chairperson: | Richard Knott |
ASSETS: | $ Amount |
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Cash & Equivalents | 108,185,980 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,244,859,609 |
Unsecured Loans | 129,408,064 |
Other Loans | 924,150,329 |
TOTAL LOANS | 2,298,418,001 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,283,113 |
Land And Building | 17,058,086 |
Other Fixed Assets | 29,297,412 |
NCUSIF Deposit | 30,191,116 |
All Other Assets | 354,830 |
TOTAL ASSETS | 3,287,677,887 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 28,338,142 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 238,443,011 |
Regular shares | 896,494,939 |
All Other Shares & Deposits | 1,828,595,644 |
TOTAL SHARES & DEPOSITS | 2,963,533,594 |
TOTAL LIABILITIES | 2,991,871,736 |
Regular Reserve | 0 |
Other Reserves | -30,311,613 |
Undivided Earnings | 326,117,764 |
TOTAL EQUITY | 295,806,151 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,287,677,887 |
INCOME & EXPENSE | |
Loan Income | 88,386,863 |
Investment Income | 28,493,095 |
Other Income | 10,589,894 |
Total Employee Compensation & Benefits | 55,262,451 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,667,256 |
Non-operating Income & (Expense) | 4,777,097 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,524,293 |
Cost of Funds | 19,650,580 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,358,607 |
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