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 |
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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 |
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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 |
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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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