COASTAL TEACHERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.ctfcu.net for more information.
Jun, 30, 2023 — COASTAL TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORT LAVACA, TX with 1 branch location and about $4.64 million in total assets. Opened 69 years ago in 1955, COASTAL TEACHERS FEDERAL CREDIT UNION has about 928 members and employs 3 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 TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 426 W MAIN ST PORT LAVACA, TX 77979 |
Phone: | (361) 552-1558 |
Fax: | (361) 552-9593 |
Website: | https://www.ctfcu.net |
Branches: | 1 branch locations |
Members: | 928 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10328 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | May 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,641,578 |
CEO/Manager: | Claudia A Coward |
Chairperson: | Jacque Rudd |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,608,420 |
TOTAL INVESTMENTS | 850,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 229,229 |
Other Loans | 1,880,313 |
TOTAL LOANS | 2,109,542 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,187 |
Land And Building | 0 |
Other Fixed Assets | 16,519 |
NCUSIF Deposit | 49,893 |
All Other Assets | 18,391 |
TOTAL ASSETS | 4,641,578 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 32,160 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 546,749 |
Regular shares | 2,795,115 |
All Other Shares & Deposits | 837,131 |
TOTAL SHARES & DEPOSITS | 4,178,995 |
TOTAL LIABILITIES | 4,211,155 |
Regular Reserve | 129,039 |
Other Reserves | 0 |
Undivided Earnings | 301,384 |
TOTAL EQUITY | 430,423 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,641,578 |
INCOME & EXPENSE | |
Loan Income | 26,739 |
Investment Income | 3,378 |
Other Income | 3,697 |
Total Employee Compensation & Benefits | 25,089 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,192 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,400 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -6,505 |
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