Dec, 31, 2023 — COAST LINE CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH PORTLAND, ME with 1 branch location and about $76.04 million in total assets. Opened 97 years ago in 1927, COAST LINE CREDIT UNION has about 3,382 members and employs 7 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 LINE CREDIT UNION |
|---|---|
| Address: (Main Office) | 333 Cottage Rd SOUTH PORTLAND, ME 04106-3919 |
| Phone: | (207) 799-7245 |
| Fax: | (207) 799-9329 |
| Website: | https://www.coastlinecu.com |
| Branches: | 1 branch locations |
| Members: | 3,382 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60646 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1927 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $76,036,179 |
| CEO/Manager: | Matthew Griffiths |
| Chairperson: | Stephen Richard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,306,495 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,699,909 |
| Unsecured Loans | 606,729 |
| Other Loans | 11,692,605 |
| TOTAL LOANS | 37,999,243 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -240,073 |
| Land And Building | 1,011,194 |
| Other Fixed Assets | 78,973 |
| NCUSIF Deposit | 551,045 |
| All Other Assets | 0 |
| TOTAL ASSETS | 76,036,179 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,257,415 |
| Accounts Payable & Other Liabilities | 628,978 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,506,323 |
| Regular shares | 16,155,547 |
| All Other Shares & Deposits | 29,671,595 |
| TOTAL SHARES & DEPOSITS | 56,333,465 |
| TOTAL LIABILITIES | 62,229,858 |
| Regular Reserve | 0 |
| Other Reserves | 1,550,000 |
| Undivided Earnings | 12,256,321 |
| TOTAL EQUITY | 13,806,321 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 76,036,179 |
| INCOME & EXPENSE | |
| Loan Income | 1,697,379 |
| Investment Income | 1,271,910 |
| Other Income | 117,921 |
| Total Employee Compensation & Benefits | 714,083 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 717,007 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 771,348 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,091,094 |
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