Mar, 31, 2022 — COASTAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GALVESTON, TX with 4 branch locations and about $103.21 million in total assets. Opened 65 years ago in 1957, COASTAL COMMUNITY FEDERAL CREDIT UNION has about 10,220 members and employs 32 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: | www.coastalcommunityfcu.org |
| Branches: | 4 branch locations |
| Members: | 10,220 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $103,213,026 |
| CEO/Manager: | Cassandra K Carmon |
| Chairperson: | Gilbert Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,077,104 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,387,095 |
| Unsecured Loans | 9,020,238 |
| Other Loans | 26,264,509 |
| TOTAL LOANS | 47,756,462 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -670,963 |
| Land And Building | 4,025,362 |
| Other Fixed Assets | 257,590 |
| NCUSIF Deposit | 887,490 |
| All Other Assets | 93,227 |
| TOTAL ASSETS | 103,213,026 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,324 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,013,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,582,898 |
| Regular shares | 45,222,051 |
| All Other Shares & Deposits | 34,688,106 |
| TOTAL SHARES & DEPOSITS | 94,493,055 |
| TOTAL LIABILITIES | 95,510,683 |
| Regular Reserve | 0 |
| Other Reserves | 1,643,547 |
| Undivided Earnings | 6,058,796 |
| TOTAL EQUITY | 7,702,343 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,213,026 |
| INCOME & EXPENSE | |
| Loan Income | 674,969 |
| Investment Income | 28,540 |
| Other Income | 279,012 |
| Total Employee Compensation & Benefits | 401,726 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 663,000 |
| Non-operating Income & (Expense) | 4,250 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,187 |
| Cost of Funds | 39,647 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 128,513 |
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