Jun, 30, 2024 — NORTH COAST CREDIT UNION is a federally insured state chartered credit union headquartered in BELLINGHAM, WA with 6 branch locations and about $376.48 million in total assets. Opened 86 years ago in 1938, NORTH COAST CREDIT UNION has about 20,191 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH COAST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1100 Dupont St BELLINGHAM, WA 98225-3113 |
| Phone: | (360) 733-3982 |
| Fax: | (360) 671-8235 |
| Website: | https://www.northcoastcu.com |
| Branches: | 6 branch locations |
| Members: | 20,191 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66734 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $376,484,026 |
| CEO/Manager: | Marilyn Brink |
| Chairperson: | Derek Barnes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 91,548,771 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 131,991,736 |
| Unsecured Loans | 5,932,317 |
| Other Loans | 90,588,778 |
| TOTAL LOANS | 228,512,831 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,450,918 |
| Land And Building | 4,395,566 |
| Other Fixed Assets | 924,092 |
| NCUSIF Deposit | 3,119,120 |
| All Other Assets | 40,041 |
| TOTAL ASSETS | 376,484,026 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,808,836 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 83,835,477 |
| Regular shares | 203,177,304 |
| All Other Shares & Deposits | 51,175,476 |
| TOTAL SHARES & DEPOSITS | 338,188,257 |
| TOTAL LIABILITIES | 340,997,093 |
| Regular Reserve | 0 |
| Other Reserves | -97,404 |
| Undivided Earnings | 35,584,337 |
| TOTAL EQUITY | 35,486,933 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 376,484,026 |
| INCOME & EXPENSE | |
| Loan Income | 6,629,454 |
| Investment Income | 1,283,555 |
| Other Income | 720,635 |
| Total Employee Compensation & Benefits | 4,136,719 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,343,057 |
| Non-operating Income & (Expense) | 2,120 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 366,809 |
| Cost of Funds | 342,220 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,816,528 |
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