Dec, 31, 2023 — COASTAL COMMUNITY AND TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 11 branch locations and about $479.45 million in total assets. Opened 59 years ago in 1965, COASTAL COMMUNITY AND TEACHERS CREDIT UNION has about 37,289 members and employs 140 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COASTAL COMMUNITY AND TEACHERS CREDIT UNION |
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Address: (Main Office) | 6810 Saratoga Blvd CORPUS CHRISTI, TX 78414 |
Phone: | (361) 985-6810 |
Fax: | (361) 986-0636 |
Website: | https://www.coastlifecu.com |
Branches: | 11 branch locations |
Members: | 37,289 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68482 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $479,449,439 |
CEO/Manager: | Gina K Prince-Bryant |
Chairperson: | Michael Sandroussi |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,438,592 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,318,126 |
Unsecured Loans | 11,716,053 |
Other Loans | 282,943,711 |
TOTAL LOANS | 332,977,890 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,412,389 |
Land And Building | 16,383,911 |
Other Fixed Assets | 2,229,273 |
NCUSIF Deposit | 4,077,709 |
All Other Assets | 890,099 |
TOTAL ASSETS | 479,449,439 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 60,130 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,042,917 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 91,043,390 |
Regular shares | 122,945,872 |
All Other Shares & Deposits | 211,056,616 |
TOTAL SHARES & DEPOSITS | 425,045,877 |
TOTAL LIABILITIES | 431,148,924 |
Regular Reserve | 0 |
Other Reserves | -5,783,260 |
Undivided Earnings | 54,083,775 |
TOTAL EQUITY | 48,300,515 |
TOTAL LIABILITIES, SHARES, & EQUITY | 479,449,439 |
INCOME & EXPENSE | |
Loan Income | 17,247,157 |
Investment Income | 2,307,608 |
Other Income | 5,685,031 |
Total Employee Compensation & Benefits | 7,237,005 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,233,241 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,342,000 |
Cost of Funds | 5,568,638 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,669,799 |
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