Dec, 31, 2020 — COASTAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Galveston, TX with 3 branch locations and about $74.99 million in total assets. Opened 64 years ago in 1957, COASTAL COMMUNITY FEDERAL CREDIT UNION has about 10,678 members and employs 28 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 Street Galveston, TX 77550 |
| Phone: | (409) 765-6067 |
| Fax: | (409) 765-9853 |
| Website: | http://www.coastalcommunityfcu.org |
| Branches: | 3 branch locations |
| Members: | 10,678 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,988,572 |
| CEO/Manager: | Cassandra K Carmon |
| Chairperson: | Gilbert Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,916,965 |
| TOTAL INVESTMENTS | 5,854,589 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,800,978 |
| Unsecured Loans | 5,512,341 |
| Other Loans | 16,877,491 |
| TOTAL LOANS | 36,190,810 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -834,420 |
| Land And Building | 4,160,170 |
| Other Fixed Assets | 302,330 |
| NCUSIF Deposit | 625,205 |
| All Other Assets | 2,772,923 |
| TOTAL ASSETS | 74,988,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,295 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 920,055 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,560,144 |
| Regular shares | 24,419,185 |
| All Other Shares & Deposits | 34,623,808 |
| TOTAL SHARES & DEPOSITS | 68,603,137 |
| TOTAL LIABILITIES | 69,527,487 |
| Regular Reserve | 802,982 |
| Other Reserves | 0 |
| Undivided Earnings | 4,658,103 |
| TOTAL EQUITY | 5,461,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,988,572 |
| INCOME & EXPENSE | |
| Loan Income | 2,234,592 |
| Investment Income | 148,077 |
| Other Income | 1,516,992 |
| Total Employee Compensation & Benefits | 1,305,668 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,763,682 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
| Cost of Funds | 417,492 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 312,819 |
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