Sep, 30, 2025 — GOLD COAST FEDERAL CREDIT UNION is a federal credit union headquartered in PALM SPRINGS, FL with 4 branch locations and about $259.00 million in total assets. Opened 90 years ago in 1936, GOLD COAST FEDERAL CREDIT UNION has about 19,840 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLD COAST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2226 S Congress Ave PALM SPRINGS, FL 33406-7606 |
| Phone: | (561) 965-1000 |
| Fax: | (561) 963-9320 |
| Website: | https://www.gcfcu.org |
| Branches: | 4 branch locations |
| Members: | 19,840 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 967 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $259,003,003 |
| CEO/Manager: | Steven Bush |
| Chairperson: | Clinton Butler, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,013,866 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,088,945 |
| Unsecured Loans | 10,941,197 |
| Other Loans | 56,219,966 |
| TOTAL LOANS | 117,250,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,000,601 |
| Land And Building | 6,211,852 |
| Other Fixed Assets | 2,912,030 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,245,532 |
| All Other Assets | 0 |
| TOTAL ASSETS | 259,003,003 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,123,868 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,007,289 |
| Regular shares | 133,974,634 |
| All Other Shares & Deposits | 19,796,981 |
| TOTAL SHARES & DEPOSITS | 229,778,904 |
| TOTAL LIABILITIES | 233,902,772 |
| Regular Reserve | 0 |
| Other Reserves | -5,256,236 |
| Undivided Earnings | 30,356,467 |
| TOTAL EQUITY | 25,100,231 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 259,003,003 |
| INCOME & EXPENSE | |
| Loan Income | 4,606,727 |
| Investment Income | 2,847,842 |
| Other Income | 945,956 |
| Total Employee Compensation & Benefits | 3,428,861 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,418,613 |
| Non-operating Income & (Expense) | 111,193 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 465,000 |
| Cost of Funds | 256,146 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,242,417 |
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