Coast Central Credit Union is headquartered in Eureka and is the 36th largest credit union in the state of California. It is also the 210st largest credit union in the nation. It was established in 1974 and as of March of 2014, it had grown to 167 employees and 58,996 members. Coast Central Credit Union has a A health rating.
Field of Membership Restrictions
Everyone who lives or works in Humboldt, Del Norte, or Trinity Counties is eligible for a Coast Central membership. If you don't happen to fall into one of those categories, however, there are several other ways to qualify you, including: (1) Referral from another credit union; or (2) Referral from an immediate family member who is already a CCCU member; or (3) Student status at Humboldt State University or College of the Redwoods; or (4) Co-op or Grange member status; or (5) Various other factors; please ask us about other possibilities. - See Details
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Great Experience
I've been banking with Coast Central Credit union for about 5 years now, and I've had nothing but fantastic experiences with them. The big banks can slap you with fees, change the terms to your accounts frequently, and just act like they don't really value you as a customers. I've never felt this way at all at CCCU. I've never even encountered a single fee, let alone one that was unfairly assessed. The tellers here are always very friendly and knowledgeable. You can tell they want to be there, too-- because some of them have been working with CCCU since I started banking here. I wish there were more ATMs, but given the size of this town, it's really not an issue.
Data for Q1 2014
Institution Health
Texas Ratio
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 Coast Central Credit Union had $5.08 million in non-current loans and owned real-estate with $109.24 million in equity and loan loss allowances on hand to cover it. This gives Coast Central Credit Union a Texas Ratio of 4.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Coast Central Credit Union experienced no significant changes from 3.01% as of March 31, 2013 to 4.65% as of March 31, 2014, resulting in a negative change of 54.25%. This indicates that the balance sheet and financial strength for Coast Central Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Coast Central Credit Union has increased its total deposits by $11.41 million, resulting in 1.37% 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 Coast Central Credit Union has shown is above average.
Capitalization
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. Coast Central Credit Union has $1.03 billion in assets with $109.24 million in equity, resulting in a capitalization level of 10.63%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 62367 |
| Year Chartered | 1974 |
| Employees | 167 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $1.03 billion |
| Loans | $446.07 million |
| Deposits | $846.97 million |
| Equity Capital | $105.93 million |
| Loan Loss Allowance | $3.30 million |
| Unbacked Noncurrent Loans | $5.07 million |
| Real Estate Owned | $11,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $1.02 billion |
| Equity Capital | $111.20 million |
| Loan Loss Allowance | $3.90 million |
| Unbacked Noncurrent Loans | $5.07 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 0.98% |
| Return on Assets | 0.56% |
| Return on Equity | 5.46% |
| Interest Income | $6.74 million |
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Coast Central Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.17% | $75k | - | Liquid Assets Account | |
| 0.17% | $75k | - | Business Liquid Assets | |
| 0.15% | - | - | Health Savings | |
| 0.13% | $10k | - | Business Membership Savings | |
| 0.13% | $10k | - | Business Special Savings | |
| 0.12% | $10k | - | Membership Savings | |
| 0.12% | $10k | - | Special Savings | |
| 0.12% | - | - | IRA Savings | |
| 0.12% | - | - | Roth IRA Savings | |
| 0.12% | - | - | Education IRA Savings | |
| 0.12% | - | - | SEP IRA Savings | |
| 0.11% | - | - | Youth Savings | |
| 0.10% | - | - | Holiday Club |
Coast Central Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Interest Checking | |
| 0.05% | - | - | Business Interest Checking | |
| 0.05% | - | - | Business Commercial Account | |
| 0.05% | - | - | Business Transfer Account | |
| 0.02% | - | - | Business Analysis Account |
Coast Central Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.81% | $10k | - | 60 Month CD | |
| 1.46% | $10k | - | 48 to 59 Month CD | |
| 0.95% | $10k | - | 36 to 47 Month CD | |
| 0.45% | $10k | - | 24 to 35 Month CD | |
| 0.40% | $10k | - | 12 to 23 Month CD | |
| 0.25% | $10k | - | 182 to 364 Day CD | |
| 0.15% | $10k | - | 90 to 181 Day CD |
Coast Central Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.81% | - | - | 60 Month IRA | |
| 1.81% | - | - | 60 Month Roth IRA | |
| 1.81% | - | - | 60 Month CESA | |
| 1.81% | - | - | 60 Month SEP IRA | |
| 1.46% | - | - | 48 to 59 Month IRA | |
| 1.46% | - | - | 48 to 59 Month Roth IRA | |
| 1.46% | - | - | 48 to 59 Month CESA | |
| 1.46% | - | - | 48 to 59 Month SEP IRA | |
| 0.95% | - | - | 36 to 47 Month IRA | |
| 0.95% | - | - | 36 to 47 Month Roth IRA | |
| 0.95% | - | - | 36 to 47 Month CESA | |
| 0.95% | - | - | 36 to 47 Month SEP IRA | |
| 0.45% | - | - | 24 to 35 Month IRA | |
| 0.45% | - | - | 24 to 35 Month Roth IRA | |
| 0.45% | - | - | 24 to 35 Month CESA | |
| 0.45% | - | - | 24 to 35 Month SEP IRA | |
| 0.40% | - | - | 12 to 23 Month IRA | |
| 0.40% | - | - | 12 to 23 Month Roth IRA | |
| 0.40% | - | - | 12 to 23 Month CESA | |
| 0.40% | - | - | 12 to 23 Month SEP IRA |
Coast Central Credit Union has 12 locations. Click to view all Coast Central Credit Union locations.