Dec, 31, 2023 — COAST CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in EUREKA, CA with 11 branch locations and about $2.05 billion in total assets. Opened 50 years ago in 1974, COAST CENTRAL CREDIT UNION has about 77,611 members and employs 268 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COAST CENTRAL CREDIT UNION |
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Address: (Main Office) | 2650 Harrison Ave EUREKA, CA 95501 |
Phone: | (707) 445-8801 |
Fax: | (707) 442-2532 |
Website: | https://www.coastccu.org |
Branches: | 11 branch locations |
Members: | 77,611 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62367 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,050,365,111 |
CEO/Manager: | James T Sessa |
Chairperson: | Ron Rudebock |
ASSETS: | $ Amount |
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Cash & Equivalents | 324,680,497 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 579,274,692 |
Unsecured Loans | 23,063,869 |
Other Loans | 343,382,114 |
TOTAL LOANS | 945,790,916 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,608,818 |
Land And Building | 14,723,546 |
Other Fixed Assets | 9,646,409 |
NCUSIF Deposit | 15,464,661 |
All Other Assets | 262,584 |
TOTAL ASSETS | 2,050,365,111 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 127 |
Notes & Interest Payable | 66,000,000 |
Accounts Payable & Other Liabilities | 18,497,370 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 440,059,058 |
Regular shares | 231,215,974 |
All Other Shares & Deposits | 1,137,989,282 |
TOTAL SHARES & DEPOSITS | 1,809,264,313 |
TOTAL LIABILITIES | 1,894,048,239 |
Regular Reserve | 0 |
Other Reserves | -71,334,310 |
Undivided Earnings | 227,651,182 |
TOTAL EQUITY | 156,316,872 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,050,365,111 |
INCOME & EXPENSE | |
Loan Income | 39,613,665 |
Investment Income | 30,122,243 |
Other Income | 14,218,412 |
Total Employee Compensation & Benefits | 24,041,198 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,833,484 |
Non-operating Income & (Expense) | 2,940 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,524,162 |
Cost of Funds | 31,109,983 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,827,662 |
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» See also Statement of Financial Condition