Mar, 31, 2021 — COASTAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Galveston, TX with 3 branch locations and about $76.98 million in total assets. Opened 64 years ago in 1957, COASTAL COMMUNITY FEDERAL CREDIT UNION has about 10,777 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: | 10,777 |
| 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: | $76,977,511 |
| CEO/Manager: | Cassandra K Carmon |
| Chairperson: | Gilbert Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,868,268 |
| TOTAL INVESTMENTS | 19,445,589 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,316,901 |
| Unsecured Loans | 5,241,220 |
| Other Loans | 16,464,992 |
| TOTAL LOANS | 35,023,113 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -893,076 |
| Land And Building | 3,942,505 |
| Other Fixed Assets | 278,109 |
| NCUSIF Deposit | 625,205 |
| All Other Assets | 1,687,798 |
| TOTAL ASSETS | 76,977,511 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,297 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 671,020 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,358,713 |
| Regular shares | 27,255,216 |
| All Other Shares & Deposits | 33,093,353 |
| TOTAL SHARES & DEPOSITS | 70,707,282 |
| TOTAL LIABILITIES | 71,380,599 |
| Regular Reserve | 802,982 |
| Other Reserves | 0 |
| Undivided Earnings | 4,793,930 |
| TOTAL EQUITY | 5,596,912 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 76,977,511 |
| INCOME & EXPENSE | |
| Loan Income | 561,701 |
| Investment Income | 33,095 |
| Other Income | 328,856 |
| Total Employee Compensation & Benefits | 347,047 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 470,236 |
| Non-operating Income & (Expense) | 31,337 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 70,073 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 135,826 |
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