Central Coast Credit Union is headquartered in Seaside and is the 138th largest credit union in the state of California. It is also the 1,335th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 34 employees and 10,877 members. Central Coast Credit Union has a A health rating.
Central Coast Federal Credit Union membership is open to all those who either reside, worship, attend school or work in Monterey County, California. Also eligible to join are parents of any students attending a university or college in Monterey County (whether the student is a member or not), regardless of where the parent resides. Relatives by blood or marriage of current active members or persons living in the same household of any active member or employee of the credit union are also eligible to join, regardless of where they reside. There is a one-time $5.00 membership fee to join Central Coast Federal Credit Union. In order to remain an active member, you must maintain a Prime Share Savings account with a minimum balance of $25.00. - See Details
No reviews have been left for this bank yet. Be the first to review.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Central Coast Credit Union had $71,000 in non-current loans and owned real-estate with $11.74 million in equity and loan loss allowances on hand to cover it. This gives Central Coast Credit Union a Texas Ratio of 0.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Central Coast Credit Union decreased slightly from 0.72% as of March 31, 2013 to 0.60% as of March 31, 2014, resulting in a positive change of 15.69%.This indicates that the balance sheet and financial strength for Central Coast Credit Union has improved slightly in recent periods.
In the past year, Central Coast Credit Union has increased its total deposits by $2 million, resulting in 1.83% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Central Coast Credit Union has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Central Coast Credit Union has $121.81 million in assets with $11.74 million in equity, resulting in a capitalization level of 9.64%, which is above average.
|Assets and Liabilities|
|Equity Capital||$9.81 million|
|Loan Loss Allowance||$1.94 million|
|Unbacked Noncurrent Loans||$71,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$10.14 million|
|Loan Loss Allowance||$1.99 million|
|Unbacked Noncurrent Loans||$71,000|
|Real Estate Owned||$55,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.16%|
|Return on Assets||0.21%|
|Return on Equity||2.57%|
Always verify rates and promotions with the bank or credit union. We are not Central Coast Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.06%||$10k||-||Christmas Club Account|
|0.05%||$10k||-||Prime Share Account|
|0.05%||$10k||-||Sammie Savers Account|
|0.05%||$10k||-||Surf Zone Account|
|0.60%||$5k||-||36 Month Share Certificate|
|0.40%||$5k||-||24 Month Share Certificate|
|0.30%||$1k||-||12 Month Share Certificate|
|0.20%||$5k||-||7 Month Share Certificate|
|0.10%||$1k||-||3 Month Share Certificate|
|0.60%||$5k||-||36 Month IRA Certificate|
|0.40%||$5k||-||24 Month IRA Certificate|
|0.30%||$1k||-||12 Month IRA Certificate|
|0.20%||$5k||-||7 Month IRA Certificate|
|0.10%||$1k||-||3 Month IRA Certificate|
|Central Coast Credit Union Locations|
|Branch Office||4242 Gigling Rd||Seaside, CA 93955-6300|
|Branch Office||900 S Main St||Salinas, CA 93901|
|Branch Office||315 Gabilan Dr||Soledad, CA 93960|
|Branch Office||510R Canal St Ste R||King City, CA 93930-3446|