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National Credit Union Service Organization

COASTAL FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for COASTAL FEDERAL CREDIT UNION as of: June 30, 2021.
Charter Number: 18297

ASSETS$ Amount
CASH:  
 1. Cash on Hand 44,735,585
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 700,357,918
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 3,251,638
INVESTMENTS:  
 4. Equity Securities 335,840,584
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 240,388,045
 7. Held-to-Maturity Debt Securities 10,000,000
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 4,147,337
 12. All other investments in corporate credit unions 0
 13. All other investments 1,977,700
 14. TOTAL INVESTMENTS 592,353,666
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 31,640,438
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 2,811,870,319
 17. Less: Allowance for Loan & Lease Losses 44,042,116
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 128,813
 20. Land and Building 50,459,464
 21. Other Fixed Assets 14,821,755
 22. NCUA Share Insurance Capitalization Deposit 32,340,976
 23. Intangible Assets 0
 24. Other Assets 57,547,900
25. TOTAL ASSETS 4,295,466,356
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 50,042,797
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 1,039,820,190
 12. Regular Shares 998,641,901
 13. Money Market Shares 1,099,725,337
 14. Share Certificates 520,081,031
 15. IRA/KEOGH Accounts 162,141,759
 16. All Other Shares 16,772,289
 17. TOTAL SHARES 3,837,182,507
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 3,837,182,507
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 16,772,223
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 271,156,328
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 65,674,419
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 161,886,931
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 334,906
EQUITY:  
 33. Undivided Earnings 358,175,391
 34. Regular Reserves 60,489,291
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 4,793,486
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -15,336,620
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 119,504
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 4,295,466,356
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 60,649,447
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 3,148,023
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 63,797,470
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 9,659,017
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 2,143
 9. TOTAL INTEREST EXPENSE 9,661,160
 10. Provision for Loan & Lease Losses 1,300,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 52,836,310
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 5,947,551
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 484,206
 18. Gain (Loss) on Disposition of Fixed Assets 136,727
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -813,334
 21. TOTAL NON-INTEREST INCOME 36,254,067
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 35,804,649
 23. Travel and Conference Expense 281,418
 24. Office Occupancy Expense 2,346,231
 25. Office Operations Expense 15,668,710
 26. Educational and Promotional Expenses 2,787,113
 27. Loan Servicing Expense 5,448,800
 28. Professional and Outside Services 2,187,221
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 254,301
 31. Miscellaneous Operating Expenses 767,133
 32. TOTAL NON-INTEREST EXPENSE 65,545,576
33. NET INCOME (LOSS) 23,544,801
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans11.2526,971$79,010,977
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.00218$15,602,469
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans7.9919,551$73,822,440
 5. New Vehicle Loans2.5017,176$477,728,834
 6. Used Vehicle Loans2.5060,168$1,079,114,490
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.99666$7,556,868
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property2.884,054$646,590,304
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.57,686$215,320,083
 11. All Other Real Estate Loans/Lines of Credit4.5025$745,735
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.50131$201,595,054
 13. Commercial Loans/Lines of Credit Not Real Estate Secured7.5068$14,783,065
 14. TOTAL LOANS & LEASES136,714$2,811,870,319
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date30,087$1,540,641,693
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff52$4,855,610
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration3$64,538$32,269
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration54$14,192,711$14,144,645
  b. Other Government Guaranteed0$0$0