Coastline Federal Credit Union is a full–service, not–for–profit financial cooperative. They provide personal banking services but, unlike a bank, they're owned by their account holders — members like you! their goal is to be better than a bank by delivering outstanding service, competitive savings yields, low loan rates, and many low and no–cost services. Their Board of Directors is made up of unpaid volunteers who spend countless hours ensuring the safety and stability of your money in the Credit Union.
Their Credit Union philosophy is "people helping people," which translates into exceptional service, competitive and affordable financial products, and assistance from staff and management who care about you. These benefits are what make Coastline Federal Credit Union stand out as one of Jacksonville’s best financial service values, and why thousands of area residents have joined them.
Credit union membership is open to anyone who lives, works, worships or attends school in Baker, Clay, Duval, Nassau or St. John's County. Anyone who is related to, or who lives in the same household with anyone who is presently a member, is also eligible to join. Membership requires a minimum balance of $5 in the regular share savings account. - See Details
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Coastline Federal Credit Union had $869,000 in non-current loans and owned real-estate with $10.68 million in equity and loan loss allowances on hand to cover it. This gives Coastline Federal Credit Union a Texas Ratio of 8.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Coastline Federal Credit Union experienced no significant changes from 8.71% as of December 31, 2012 to 8.14% as of December 31, 2013, resulting in a positive change of 6.57%.This indicates that the balance sheet and financial strength for Coastline Federal Credit Union has had no significant changes in recent periods.
In the past year, Coastline Federal Credit Union has increased its total deposits by $1.16 million, resulting in 1.04% 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 Coastline Federal 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. Coastline Federal Credit Union has $124.03 million in assets with $10.68 million in equity, resulting in a capitalization level of 8.61%, which is average.
|Assets and Liabilities|
|Equity Capital||$10.09 million|
|Loan Loss Allowance||$588,000|
|Unbacked Noncurrent Loans||$869,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$9.70 million|
|Loan Loss Allowance||$784,000|
|Unbacked Noncurrent Loans||$869,000|
|Real Estate Owned||$190,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.26%|
|Return on Assets||0.12%|
|Return on Equity||1.51%|
|Interest Income||$3.56 million|
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|0.35%||-||-||Health Savings Account|
|0.50%||$150k||-||High Yield Money Market Account|
|0.30%||$75k||-||Money Market Account|
|1.75%||$75k||-||60 Month Jumbo Share Certificate|
|1.51%||$40k||-||60 Month Petite Share Certificate|
|1.41%||$1k||-||60 Month Regular Share Certificate|
|1.25%||$75k||-||48 Month Jumbo Share Certificate|
|1.21%||$40k||-||48 Month Petite Share Certificate|
|1.11%||$1k||-||48 Month Regular Share Certificate|
|1.00%||$75k||-||36 Month Jumbo Share Certificate|
|0.92%||$1k||-||36 Month Regular Share Certificate|
|0.90%||$40k||-||36 Month Petite Share Certificate|
|0.75%||$75k||-||24 Month Jumbo Share Certificate|
|0.70%||$1k||-||24 Month Regular Share Certificate|
|0.65%||$40k||-||24 Month Petite Share Certificate|
|0.65%||$75k||-||12 Month Jumbo Share Certificate|
|0.60%||$40k||-||12 Month Petite Share Certificate|
|0.55%||$1k||-||12 Month Regular Share Certificate|
|0.30%||$1k||-||6 Month Regular Share Certificate|
|0.29%||$200||-||12 Month Sand Dollar Club Share Certificate|
|0.29%||$200||-||12 Month Wave Riders Club Share Certificate|
|0.20%||$1k||-||3 Month Regular Share Certificate|
|1.75%||$1k||-||60 Month IRA Share Certificate|
|1.25%||$1k||-||48 Month IRA Share Certificate|
|1.00%||$1k||-||36 Month IRA Share Certificate|
|0.75%||$1k||-||24 Month IRA Share Certificate|
|0.55%||$1k||-||12 Month IRA Share Certificate|
|Coastline Federal Credit Union Locations|
|Branch Office||550 Dundas Dr||Jacksonville, FL 32218|
|Branch Office||6735 Southpoint Dr S||Jacksonville, FL 32216|
|Branch Office||500 Water St||Jacksonville, FL 32202|
|Branch Office||4651 Emerson St||Jacksonville, FL 32207|