Dec, 31, 2023 — COAST CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in EUREKA, CA with 11 branch locations and about $2.05 billion in total assets. Opened 50 years ago in 1974, COAST CENTRAL CREDIT UNION has about 77,611 members and employs 268 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COAST CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2650 Harrison Ave EUREKA, CA 95501 |
| Phone: | (707) 445-8801 |
| Fax: | (707) 442-2532 |
| Website: | https://www.coastccu.org |
| Branches: | 11 branch locations |
| Members: | 77,611 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62367 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,050,365,111 |
| CEO/Manager: | James T Sessa |
| Chairperson: | Ron Rudebock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 324,680,497 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 579,274,692 |
| Unsecured Loans | 23,063,869 |
| Other Loans | 343,382,114 |
| TOTAL LOANS | 945,790,916 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,608,818 |
| Land And Building | 14,723,546 |
| Other Fixed Assets | 9,646,409 |
| NCUSIF Deposit | 15,464,661 |
| All Other Assets | 262,584 |
| TOTAL ASSETS | 2,050,365,111 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 127 |
| Notes & Interest Payable | 66,000,000 |
| Accounts Payable & Other Liabilities | 18,497,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 440,059,058 |
| Regular shares | 231,215,974 |
| All Other Shares & Deposits | 1,137,989,282 |
| TOTAL SHARES & DEPOSITS | 1,809,264,313 |
| TOTAL LIABILITIES | 1,894,048,239 |
| Regular Reserve | 0 |
| Other Reserves | -71,334,310 |
| Undivided Earnings | 227,651,182 |
| TOTAL EQUITY | 156,316,872 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,050,365,111 |
| INCOME & EXPENSE | |
| Loan Income | 39,613,665 |
| Investment Income | 30,122,243 |
| Other Income | 14,218,412 |
| Total Employee Compensation & Benefits | 24,041,198 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,833,484 |
| Non-operating Income & (Expense) | 2,940 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,524,162 |
| Cost of Funds | 31,109,983 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,827,662 |
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