Dec, 31, 2022 — COAST 2 COAST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 1 branch location and about $28.66 million in total assets. Opened 32 years ago in 1991, COAST 2 COAST FINANCIAL CREDIT UNION has about 1,742 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: | https://www.c2cfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,742 |
| 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: | $28,656,733 |
| CEO/Manager: | Brandon L Hoffman |
| Chairperson: | Kenneth W Wood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,002,729 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,799,909 |
| Unsecured Loans | 1,538,080 |
| Other Loans | 12,737,651 |
| TOTAL LOANS | 24,075,640 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,868 |
| Land And Building | 324,233 |
| Other Fixed Assets | 35,550 |
| NCUSIF Deposit | 232,338 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,656,733 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 243,250 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,171,421 |
| Regular shares | 12,795,693 |
| All Other Shares & Deposits | 7,498,313 |
| TOTAL SHARES & DEPOSITS | 24,465,427 |
| TOTAL LIABILITIES | 24,708,677 |
| Regular Reserve | 0 |
| Other Reserves | 638,628 |
| Undivided Earnings | 3,309,428 |
| TOTAL EQUITY | 3,948,056 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,656,733 |
| INCOME & EXPENSE | |
| Loan Income | 752,285 |
| Investment Income | 46,708 |
| Other Income | 223,253 |
| Total Employee Compensation & Benefits | 264,504 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 345,330 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 872 |
| Cost of Funds | 38,706 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 463,461 |
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