Dec, 31, 2023 — NORTH COAST CREDIT UNION is a federally insured state chartered credit union headquartered in BELLINGHAM, WA with 6 branch locations and about $353.94 million in total assets. Opened 86 years ago in 1938, NORTH COAST CREDIT UNION has about 20,992 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH COAST CREDIT UNION |
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Address: (Main Office) | 1100 Dupont St BELLINGHAM, WA 98225-3113 |
Phone: | (360) 733-3982 |
Fax: | (360) 671-8235 |
Website: | https://www.northcoastcu.com |
Branches: | 6 branch locations |
Members: | 20,992 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66734 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $353,944,225 |
CEO/Manager: | Marilyn Brink |
Chairperson: | Phil Serka |
ASSETS: | $ Amount |
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Cash & Equivalents | 45,082,799 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 153,181,441 |
Unsecured Loans | 6,952,129 |
Other Loans | 89,492,247 |
TOTAL LOANS | 249,625,818 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,137,909 |
Land And Building | 4,156,330 |
Other Fixed Assets | 2,174,708 |
NCUSIF Deposit | 3,021,890 |
All Other Assets | 164,074 |
TOTAL ASSETS | 353,944,225 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,120,522 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 79,632,713 |
Regular shares | 167,159,182 |
All Other Shares & Deposits | 61,490,795 |
TOTAL SHARES & DEPOSITS | 308,282,690 |
TOTAL LIABILITIES | 311,418,939 |
Regular Reserve | 0 |
Other Reserves | 297,047 |
Undivided Earnings | 42,228,239 |
TOTAL EQUITY | 42,525,286 |
TOTAL LIABILITIES, SHARES, & EQUITY | 353,944,225 |
INCOME & EXPENSE | |
Loan Income | 12,415,535 |
Investment Income | 3,648,232 |
Other Income | 1,029,258 |
Total Employee Compensation & Benefits | 6,267,732 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,786,743 |
Non-operating Income & (Expense) | -5,267 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,137,909 |
Cost of Funds | 1,679,685 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,626,355 |
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