Dec, 31, 2023 — COAST 2 COAST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 1 branch location and about $29.76 million in total assets. Opened 33 years ago in 1991, COAST 2 COAST FINANCIAL CREDIT UNION has about 1,738 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: | 1,738 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,755,139 |
| CEO/Manager: | Brandon L Hoffman |
| Chairperson: | Kenneth W Wood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,149,440 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,369,697 |
| Unsecured Loans | 1,852,022 |
| Other Loans | 14,057,272 |
| TOTAL LOANS | 25,278,991 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,029 |
| Land And Building | 305,321 |
| Other Fixed Assets | 32,685 |
| NCUSIF Deposit | 242,476 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,755,139 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 507,575 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,841,872 |
| Regular shares | 11,360,834 |
| All Other Shares & Deposits | 9,172,997 |
| TOTAL SHARES & DEPOSITS | 24,375,703 |
| TOTAL LIABILITIES | 24,883,278 |
| Regular Reserve | 0 |
| Other Reserves | 638,630 |
| Undivided Earnings | 4,233,231 |
| TOTAL EQUITY | 4,871,861 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,755,139 |
| INCOME & EXPENSE | |
| Loan Income | 1,286,216 |
| Investment Income | 159,623 |
| Other Income | 304,528 |
| Total Employee Compensation & Benefits | 363,649 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 477,599 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,381 |
| Cost of Funds | 182,743 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 764,902 |
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