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National Credit Union Service Organization

COASTAL FEDERAL CREDIT UNION

Dec, 31, 2020 — COASTAL FEDERAL CREDIT UNION is a federal credit union headquartered in Raleigh, NC with 25 branch locations and about $3.96 billion in total assets. Opened 54 years ago in 1967, COASTAL FEDERAL CREDIT UNION has about 277,399 members and employs 574 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253175494
Name:COASTAL FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 58429
Raleigh, NC 27658
Phone:(919) 420-8000
Fax:
Website:http://www.coastal24.com
Branches:25 branch locations
Members:277,399
Credit Union Type:Federal Credit Union
Charter Number:18297
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$3,955,113,831
CEO/Manager:Chuck Purvis
Chairperson:Joan Nelson

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 912,243,002
TOTAL INVESTMENTS 204,432,777
Loans Held for Sale 26,956,988
 
 Real Estate Loans 1,120,852,105
 Unsecured Loans 170,755,912
 Other Loans 1,413,356,097
 TOTAL LOANS 2,705,802,520
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,954,692
 Land And Building 51,021,029
 Other Fixed Assets 14,439,729
 NCUSIF Deposit 30,760,295
 All Other Assets 54,412,183
  TOTAL ASSETS 3,955,113,831
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,711,365
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 220,038,861
 Regular shares 1,590,952,636
 All Other Shares & Deposits 1,708,182,473
  TOTAL SHARES & DEPOSITS 3,519,173,970
  TOTAL LIABILITIES 3,570,885,335
 Regular Reserve 60,489,291
 Other Reserves -10,891,387
 Undivided Earnings 334,630,592
  TOTAL EQUITY 384,228,496
  TOTAL LIABILITIES, SHARES, & EQUITY 3,955,113,831
INCOME & EXPENSE  
 Loan Income 130,085,115
 Investment Income 4,316,558
 Other Income 64,619,767
 Total Employee Compensation & Benefits 67,166,002
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 58,049,996
 Non-operating Income & (Expense) 2,584,441
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 31,471,829
 Cost of Funds 25,544,915
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,373,139
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