COASTAL TEACHERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.ctfcu.net for more information.
Dec, 31, 2023 — COASTAL TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORT LAVACA, TX with 1 branch location and about $4.64 million in total assets. Opened 69 years ago in 1955, COASTAL TEACHERS FEDERAL CREDIT UNION has about 928 members and employs 3 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 TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 426 W MAIN ST PORT LAVACA, TX 77979 |
| Phone: | (361) 552-1558 |
| Fax: | (361) 552-9593 |
| Website: | https://www.ctfcu.net |
| Branches: | 1 branch locations |
| Members: | 928 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10328 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | May 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,641,578 |
| CEO/Manager: | Claudia A Coward |
| Chairperson: | Jacque Rudd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,608,420 |
| TOTAL INVESTMENTS | 850,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 229,229 |
| Other Loans | 1,880,313 |
| TOTAL LOANS | 2,109,542 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,187 |
| Land And Building | 0 |
| Other Fixed Assets | 16,519 |
| NCUSIF Deposit | 49,893 |
| All Other Assets | 18,391 |
| TOTAL ASSETS | 4,641,578 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,160 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 546,749 |
| Regular shares | 2,795,115 |
| All Other Shares & Deposits | 837,131 |
| TOTAL SHARES & DEPOSITS | 4,178,995 |
| TOTAL LIABILITIES | 4,211,155 |
| Regular Reserve | 129,039 |
| Other Reserves | 0 |
| Undivided Earnings | 301,384 |
| TOTAL EQUITY | 430,423 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,641,578 |
| INCOME & EXPENSE | |
| Loan Income | 26,739 |
| Investment Income | 3,378 |
| Other Income | 3,697 |
| Total Employee Compensation & Benefits | 25,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,192 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,400 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,505 |
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