Overview
What is Coast Line Credit Union?
Coast Line Credit Union is a community-focused financial institution located in South Portland, Maine. As of December 31, 2022, it serves over 3,400 members, offering them a range of affordable financial services. The credit union's primary mission is to provide its members with savings and loan products, ensuring they have access to financial tools at reasonable costs. With a team of eight dedicated employees, Coast Line Credit Union is committed to its members' financial well-being.
Official website here: www.coastlinecu.com
Is Coast Line Credit Union legitimate?
Coast Line Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Coast Line Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $182,783
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,660
For more financial information, click here
Official website here: www.coastlinecu.com
What is the mission statement of Coast Line Credit Union?
Coast Line Credit Union's mission, as stated, is centered around serving its members. The primary objective is to offer them a range of cost-effective savings and loan products. This mission is reflected in the credit union's activities, aimed at providing its 3,416 members, as of December 31, 2022, with a wide array of affordable financial services. The credit union's focus on affordable financial services underscores its commitment to its members' financial wellbeing.
Official website here: www.coastlinecu.com
Who is the CEO of Coast Line Credit Union?
Matthew Griffiths is the Chairman of Coast Line Credit Union.
Official website here: www.coastlinecu.com
What is the revenue of Coast Line Credit Union?
Coast Line Credit Union's revenue in 2022 was $2,350,060.
Official website here: www.coastlinecu.com
Who are the executives of Coast Line Credit Union and what are their salaries?
The average compensation at Coast Line Credit Union during 2022 was $68,180. There are 8 employees at Coast Line Credit Union.
Here are 9 key members and their salaries:
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- Compensation: $218,880
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- Compensation: $121,435
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Official website here: www.coastlinecu.com
Where can I find the form 990 for Coast Line Credit Union?
Coast Line Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coastlinecu.com
Learn more at the official website: www.coastlinecu.com
Mission Statement of Coast Line Credit Union
Coast Line Credit Union, as per its mission, is committed to serving its members by providing them with a range of cost-effective savings and loan products. The credit union aims to make financial services accessible and affordable for its members, ensuring they have the resources they need to manage their finances effectively. With a membership of over 3,400 individuals as of December 31, 2022, Coast Line Credit Union is dedicated to offering its members a variety of low-cost financial services. This mission is a testament to the credit union's commitment to empowering its members financially, contributing to their financial well-being and stability.
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Impact
October, 2024
Coast Line Credit Union significantly impacts its community by offering members access to savings and affordable loan products. With a membership base of 3,416 as of December 31, 2022, the credit union provides a range of low-cost financial services designed to empower individuals and families in South Portland, ME. Its commitment to financial inclusivity ensures that members can manage their finances effectively, ultimately contributing to their overall financial well-being and stability. By prioritizing the needs of its members, Coast Line Credit Union fosters a supportive financial environment that promotes economic growth and community engagement.
This information is meant to be a general summary of Coast Line Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,337,312
- Gross Receipts: $2,350,060
Assets and Liabilities:
- Total Assets: $77,978,096
- Total Liabilities: $65,351,800
- Net Assets: $12,626,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN AND INVESTMENT IN
Revenue
$1,960,776
FEE INCOME
Revenue
$376,536
Organization Details
Founding Year
1927
Phone
(207) 799-7245Principal Officer
Matthew Griffiths
Main Address
333 COTTAGE ROAD, SOUTH PORTLAND, ME, 04106
Website
www.coastlinecu.comNTEE Category
Code: W60 - Public benefit
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