Dec, 31, 2023 — GOLD COAST FEDERAL CREDIT UNION is a federal credit union headquartered in PALM SPRINGS, FL with 4 branch locations and about $270.71 million in total assets. Opened 88 years ago in 1936, GOLD COAST FEDERAL CREDIT UNION has about 22,158 members and employs 61 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 |
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Address: (Main Office) | 2226 S Congress Ave PALM SPRINGS, FL 33406-7606 |
Phone: | (561) 965-1000 |
Fax: | (561) 963-9320 |
Website: | https://gcfcu.org |
Branches: | 4 branch locations |
Members: | 22,158 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 967 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $270,713,971 |
CEO/Manager: | Steven Bush |
Chairperson: | Clinton Butler, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,826,393 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 36,870,994 |
Unsecured Loans | 8,911,920 |
Other Loans | 68,733,861 |
TOTAL LOANS | 114,516,775 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -483,009 |
Land And Building | 6,270,295 |
Other Fixed Assets | 3,083,104 |
NCUSIF Deposit | 2,415,896 |
All Other Assets | 0 |
TOTAL ASSETS | 270,713,971 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,053,863 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 76,042,471 |
Regular shares | 137,307,530 |
All Other Shares & Deposits | 34,475,588 |
TOTAL SHARES & DEPOSITS | 247,825,589 |
TOTAL LIABILITIES | 251,879,452 |
Regular Reserve | 0 |
Other Reserves | -8,484,094 |
Undivided Earnings | 27,318,613 |
TOTAL EQUITY | 18,834,519 |
TOTAL LIABILITIES, SHARES, & EQUITY | 270,713,971 |
INCOME & EXPENSE | |
Loan Income | 4,972,259 |
Investment Income | 3,429,816 |
Other Income | 1,481,803 |
Total Employee Compensation & Benefits | 3,751,172 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,761,195 |
Non-operating Income & (Expense) | 14,444 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,425 |
Cost of Funds | 835,476 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,348,104 |
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