Dec, 31, 2023 — COASTAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GALVESTON, TX with 4 branch locations and about $94.19 million in total assets. Opened 67 years ago in 1957, COASTAL COMMUNITY FEDERAL CREDIT UNION has about 15,259 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COASTAL COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2302 Church St GALVESTON, TX 77550 |
| Phone: | (409) 765-6067 |
| Fax: | (409) 765-9853 |
| Website: | https://www.coastalcommunityfcu.org |
| Branches: | 4 branch locations |
| Members: | 15,259 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11927 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $94,191,732 |
| CEO/Manager: | Carol Gaylord |
| Chairperson: | Gilbert Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,907,664 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,527,739 |
| Unsecured Loans | 9,365,178 |
| Other Loans | 30,488,918 |
| TOTAL LOANS | 53,437,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -351,570 |
| Land And Building | 4,011,690 |
| Other Fixed Assets | 364,311 |
| NCUSIF Deposit | 826,023 |
| All Other Assets | 224,281 |
| TOTAL ASSETS | 94,191,732 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,877 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,236,039 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,800,726 |
| Regular shares | 39,049,638 |
| All Other Shares & Deposits | 31,835,189 |
| TOTAL SHARES & DEPOSITS | 83,685,553 |
| TOTAL LIABILITIES | 85,941,469 |
| Regular Reserve | 0 |
| Other Reserves | 1,643,547 |
| Undivided Earnings | 6,606,716 |
| TOTAL EQUITY | 8,250,263 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,191,732 |
| INCOME & EXPENSE | |
| Loan Income | 3,610,392 |
| Investment Income | 808,897 |
| Other Income | 1,048,841 |
| Total Employee Compensation & Benefits | 1,844,384 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,935,132 |
| Non-operating Income & (Expense) | 43,151 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 204 |
| Cost of Funds | 472,201 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,191,483 |
| ↑ Back to Top | |