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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: December 31, 2023.
Charter Number: 18297

ASSETS$ Amount
CASH:  
 1. Cash on Hand 61,120,979
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 362,554,735
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 75,088,066
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 160,020,111
 7. Held-to-Maturity Debt Securities 0
 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 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 4,463,152
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 4,145,400,531
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 49,747,996
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,234,669
 20. Land and Building 46,422,759
 21. Other Fixed Assets 39,888,536
 22. NCUA Share Insurance Capitalization Deposit 38,335,693
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 4,993,908,927
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 110,000,000
 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 110,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 63,242,606
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 848,815
SHARES/DEPOSITS:  
 11. Share Drafts 1,006,546,096
 12. Regular Shares 1,004,703,306
 13. Money Market Shares 907,698,260
 14. Share Certificates 1,223,497,377
 15. IRA/KEOGH Accounts 197,717,773
 16. All Other Shares 14,169,039
 17. TOTAL SHARES 4,354,331,852
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 4,354,331,852
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 0
 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) 644,618,371
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 87,023,819
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 154,072,084
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 428,129
EQUITY:  
 33. Undivided Earnings 490,925,952
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 4,793,486
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -12,639,242
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -17,594,542
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 4,993,908,927
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 219,358,602
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 20,816,632
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 240,175,234
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 74,383,105
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 3,306,308
 9. TOTAL INTEREST EXPENSE 77,689,413
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 30,508,653
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 12,901,931
 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 108,368
 18. Gain (Loss) on Disposition of Fixed Assets -369,000
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) -1,215,464
 21. TOTAL NON-INTEREST INCOME 49,948,630
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 79,758,626
 23. Travel and Conference Expense 1,277,315
 24. Office Occupancy Expense 4,783,141
 25. Office Operations Expense 36,794,123
 26. Educational and Promotional Expenses 5,477,777
 27. Loan Servicing Expense 10,389,761
 28. Professional and Outside Services 6,584,632
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 487,528
 31. Miscellaneous Operating Expenses 2,403,575
 32. TOTAL NON-INTEREST EXPENSE 147,956,478
33. NET INCOME (LOSS) 33,969,320
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 Loans12.0028,456$85,141,974
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.00115$8,006,629
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans8.2423,329$137,085,074
 5. New Vehicle Loans6.9916,495$467,929,872
 6. Used Vehicle Loans7.0976,717$1,562,627,744
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit2.10512$6,007,680
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property9.254,905$1,261,861,133
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property9.2510,782$438,737,420
 11. All Other Real Estate Loans/Lines of Credit9.2518$437,021
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured7.38121$170,190,355
 13. Commercial Loans/Lines of Credit Not Real Estate Secured11.7554$7,375,629
 14. TOTAL LOANS & LEASES161,504$4,145,400,531
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date34,795$1,543,291,842
  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 Staff41$3,767,680
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration4$119,773$59,887
  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 Administration38$6,961,856$6,911,340
  b. Other Government Guaranteed0$0$0