Overview
What is Coastlife Credit Union?
Coastlife Credit Union, located at 6816 Saratoga Boulevard in Corpus Christi, Texas (78414), is a nonprofit financial institution dedicated to assisting its members with loans. The primary focus of the credit union is to provide loans to eligible members, with the main expense being the allocation for potential loan losses. Coastlife Credit Union aims to impact lives by helping individuals manage their finances effectively, as stated in their mission to "change lives by helping each person navigate their financial journey." The organization employs a team of 175 individuals to support its members in Corpus Christi and beyond.
Official website here: www.coastlifecu.com
Is Coastlife Credit Union legitimate?
Coastlife Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Coastlife 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: $821,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,967,538
For more financial information, click here
Official website here: www.coastlifecu.com
What is the mission statement of Coastlife Credit Union?
Coastlife Credit Union is dedicated to making a positive impact on people's lives by guiding them through their financial journeys. Their mission is to help each individual navigate the complexities of finance. They extend loans to eligible members, with the primary expense being the provision for potential loan losses. The credit union's goal is to ensure that every person receives the support they need to manage their finances effectively. By offering loans, Coastlife Credit Union aims to empower its members to take control of their financial futures and improve their overall financial well-being.
Official website here: www.coastlifecu.com
Who is the CEO of Coastlife Credit Union?
Gina Bryant is the Ceo of Coastlife Credit Union. The CEO's salary of Coastlife Credit Union is $358,980 and their total compensation is $358,980.
Official website here: www.coastlifecu.com
What is the revenue of Coastlife Credit Union?
Coastlife Credit Union's revenue in 2022 was $23,047,485.
Official website here: www.coastlifecu.com
Who are the executives of Coastlife Credit Union and what are their salaries?
The average compensation at Coastlife Credit Union during 2022 was $33,082. There are 175 employees and 11 volunteers at Coastlife Credit Union.
Here are 14 key members and their salaries (Coastlife Credit Union's CEO's salary is $358,980 and their total compensation is $358,980):
- Compensation: $358,980
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $146,057
- Related: $0
- Other: $0
- Compensation: $109,246
- Related: $0
- Other: $0
- Compensation: $101,126
- Related: $0
- Other: $0
- Compensation: $106,379
- Related: $0
- Other: $0
Official website here: www.coastlifecu.com
Where can I find the form 990 for Coastlife Credit Union?
Coastlife Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coastlifecu.com
Learn more at the official website: www.coastlifecu.com
Mission Statement of Coastlife Credit Union
Coastlife Credit Union, with its mission to change lives, dedicates itself to helping each person in their financial journey. In simpler terms, this financial institution is committed to making a positive impact on individuals by providing them with the necessary tools and resources to manage their finances effectively.
At the heart of Coastlife Credit Union's operations is the provision of loans to eligible members. This program is the primary focus of the organization, with the majority of its expenses allocated towards mitigating the risk of loan losses. By offering loans, Coastlife Credit Union empowers its members to achieve their financial goals, whether it be for education, homeownership, or debt consolidation.
Furthermore, Coastlife Credit Union is more than just a lending institution. It is an organization dedicated to making a difference in people's lives. By providing accessible financial services, it enables its members to build a stronger financial future, ultimately improving their overall well-being. In doing so, Coastlife Credit Union plays a vital role in fostering financial literacy and independence among its members.
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Impact
October, 2024
Coastlife Credit Union positively impacts its members by offering tailored financial solutions that help individuals navigate their financial journeys. By providing loans with competitive interest rates, Coastlife facilitates access to capital for its members, empowering them to achieve their personal and financial goals. The credit union prioritizes responsible lending and ensures the sustainability of its loan programs through a prudent approach to loan loss provisions. Operating in Corpus Christi, Texas, Coastlife Credit Union is dedicated to changing lives, helping its members make informed financial decisions, and ultimately fostering greater financial stability and independence within the community.
This information is meant to be a general summary of Coastlife 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.
- Investment Income: $1,426,840
- Program Service Revenue: $21,496,347
- Gross Receipts: $23,047,485
Assets and Liabilities:
- Total Assets: $490,166,619
- Total Liabilities: $443,366,274
- Net Assets: $46,800,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$14,585,853
Fees and Program
Revenue
$5,213,648
Miscellaneous Oper Rev
Revenue
$1,696,846
Organization Details
Founding Year
1935
Phone
(361) 992-5456Principal Officer
Gina Bryant
Main Address
6810 Saratoga Boulevard, Corpus Christi, TX, 78414
Website
www.coastlifecu.comNTEE Category
Code: W60 - Public benefit
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