Dec, 31, 2023 — COASTAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GALVESTON, TX with 4 branch locations and about $94.19 million in total assets. Opened 67 years ago in 1957, COASTAL COMMUNITY FEDERAL CREDIT UNION has about 15,259 members and employs 31 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 FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 2302 Church St GALVESTON, TX 77550 |
Phone: | (409) 765-6067 |
Fax: | (409) 765-9853 |
Website: | https://www.coastalcommunityfcu.org |
Branches: | 4 branch locations |
Members: | 15,259 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11927 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $94,191,732 |
CEO/Manager: | Carol Gaylord |
Chairperson: | Gilbert Robinson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,907,664 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,527,739 |
Unsecured Loans | 9,365,178 |
Other Loans | 30,488,918 |
TOTAL LOANS | 53,437,108 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -351,570 |
Land And Building | 4,011,690 |
Other Fixed Assets | 364,311 |
NCUSIF Deposit | 826,023 |
All Other Assets | 224,281 |
TOTAL ASSETS | 94,191,732 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 19,877 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,236,039 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,800,726 |
Regular shares | 39,049,638 |
All Other Shares & Deposits | 31,835,189 |
TOTAL SHARES & DEPOSITS | 83,685,553 |
TOTAL LIABILITIES | 85,941,469 |
Regular Reserve | 0 |
Other Reserves | 1,643,547 |
Undivided Earnings | 6,606,716 |
TOTAL EQUITY | 8,250,263 |
TOTAL LIABILITIES, SHARES, & EQUITY | 94,191,732 |
INCOME & EXPENSE | |
Loan Income | 3,610,392 |
Investment Income | 808,897 |
Other Income | 1,048,841 |
Total Employee Compensation & Benefits | 1,844,384 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,935,132 |
Non-operating Income & (Expense) | 43,151 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 204 |
Cost of Funds | 472,201 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,191,483 |
↑ Back to Top |