Dec, 31, 2021 — COAST 2 COAST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 1 branch location and about $27.28 million in total assets. Opened 31 years ago in 1991, COAST 2 COAST FINANCIAL CREDIT UNION has about 1,804 members and employs 5 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 2 COAST FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8916 Sabal Industrial Blvd TAMPA, FL 33619 |
| Phone: | (813) 621-9631 |
| Fax: | (813) 664-0525 |
| Website: | http://www.c2cfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,804 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68016 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,277,612 |
| CEO/Manager: | Brandon L Hoffman |
| Chairperson: | Kenneth W Wood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,040,016 |
| TOTAL INVESTMENTS | 3,191,822 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,615,796 |
| Unsecured Loans | 1,499,285 |
| Other Loans | 11,249,538 |
| TOTAL LOANS | 21,364,619 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,105 |
| Land And Building | 302,986 |
| Other Fixed Assets | 18,003 |
| NCUSIF Deposit | 207,203 |
| All Other Assets | 238,068 |
| TOTAL ASSETS | 27,277,612 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 559,242 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,644,650 |
| Regular shares | 13,058,872 |
| All Other Shares & Deposits | 6,530,251 |
| TOTAL SHARES & DEPOSITS | 23,233,773 |
| TOTAL LIABILITIES | 23,793,015 |
| Regular Reserve | 638,630 |
| Other Reserves | 0 |
| Undivided Earnings | 2,845,967 |
| TOTAL EQUITY | 3,484,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,277,612 |
| INCOME & EXPENSE | |
| Loan Income | 827,968 |
| Investment Income | 60,026 |
| Other Income | 270,955 |
| Total Employee Compensation & Benefits | 438,454 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 426,318 |
| Non-operating Income & (Expense) | -756 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,820 |
| Cost of Funds | 63,165 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 386,312 |
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