Dec, 31, 2023 — GULF COAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GULFPORT, MS with 4 branch locations and about $130.87 million in total assets. Opened 89 years ago in 1935, GULF COAST COMMUNITY FEDERAL CREDIT UNION has about 11,910 members and employs 58 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 COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12364 Highway 49 GULFPORT, MS 39503 |
| Phone: | (228) 539-7029 |
| Fax: | (228) 539-6322 |
| Website: | n/a |
| Branches: | 4 branch locations |
| Members: | 11,910 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 242 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $130,870,226 |
| CEO/Manager: | Lisa Graham |
| Chairperson: | Elmer Dickens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,432,882 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 163,664 |
| Real Estate Loans | 38,712,866 |
| Unsecured Loans | 3,916,117 |
| Other Loans | 36,340,833 |
| TOTAL LOANS | 78,969,816 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -769,097 |
| Land And Building | 3,519,493 |
| Other Fixed Assets | 1,473,965 |
| NCUSIF Deposit | 963,384 |
| All Other Assets | 55,730 |
| TOTAL ASSETS | 130,870,226 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 11,000,000 |
| Accounts Payable & Other Liabilities | 3,106,490 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,045,181 |
| Regular shares | 35,597,870 |
| All Other Shares & Deposits | 30,426,855 |
| TOTAL SHARES & DEPOSITS | 96,069,906 |
| TOTAL LIABILITIES | 110,176,396 |
| Regular Reserve | 0 |
| Other Reserves | -1,286,017 |
| Undivided Earnings | 21,979,847 |
| TOTAL EQUITY | 20,693,830 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 130,870,226 |
| INCOME & EXPENSE | |
| Loan Income | 5,567,322 |
| Investment Income | 697,986 |
| Other Income | 4,413,610 |
| Total Employee Compensation & Benefits | 4,046,498 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,926,804 |
| Non-operating Income & (Expense) | -7,225 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 499,319 |
| Cost of Funds | 1,426,660 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 812,508 |
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