Dec, 31, 2023 — GULF COAST FEDERAL CREDIT UNION is a federal credit union headquartered in CORPUS CHRISTI, TX with 5 branch locations and about $326.09 million in total assets. Opened 84 years ago in 1940, GULF COAST FEDERAL CREDIT UNION has about 17,391 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GULF COAST FEDERAL CREDIT UNION |
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Address: (Main Office) | 2633 Rodd Field Rd CORPUS CHRISTI, TX 78414-3145 |
Phone: | (361) 980-8203 |
Fax: | (361) 980-9665 |
Website: | https://www.ccgcfcu.com |
Branches: | 5 branch locations |
Members: | 17,391 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4060 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $326,090,843 |
CEO/Manager: | Jeremy Garza |
Chairperson: | John Jackson |
ASSETS: | $ Amount |
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Cash & Equivalents | 31,042,710 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 91,817,134 |
Unsecured Loans | 5,855,175 |
Other Loans | 177,777,875 |
TOTAL LOANS | 275,450,184 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,663,764 |
Land And Building | 5,176,772 |
Other Fixed Assets | 1,755,763 |
NCUSIF Deposit | 2,603,719 |
All Other Assets | 1,545,373 |
TOTAL ASSETS | 326,090,843 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 31,104 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,416,012 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,222,575 |
Regular shares | 38,887,685 |
All Other Shares & Deposits | 235,574,810 |
TOTAL SHARES & DEPOSITS | 295,685,070 |
TOTAL LIABILITIES | 298,132,186 |
Regular Reserve | 0 |
Other Reserves | 1,792,934 |
Undivided Earnings | 26,165,723 |
TOTAL EQUITY | 27,958,657 |
TOTAL LIABILITIES, SHARES, & EQUITY | 326,090,843 |
INCOME & EXPENSE | |
Loan Income | 15,704,142 |
Investment Income | 387,503 |
Other Income | 2,963,131 |
Total Employee Compensation & Benefits | 4,513,702 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,523,389 |
Non-operating Income & (Expense) | 129,816 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,524,526 |
Cost of Funds | 8,097,976 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 101,347 |
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