Coast-Tel Credit Union is headquartered in Salinas and is the 295th largest credit union in the state of California. It is also the 3,982nd largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 4 employees and 3,113 members. Coast-Tel Credit Union has a C- health rating.
Must live, work, worship or attend school in Monterey County. Also open to employees of several select companies. - See Details
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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-Tel Credit Union had $325,000 in non-current loans and owned real-estate with $966,000 in equity and loan loss allowances on hand to cover it. This gives Coast-Tel Credit Union a Texas Ratio of 33.64% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Coast-Tel Credit Union experienced no significant changes from 37.02% as of March 31, 2013 to 33.64% as of March 31, 2014, resulting in a positive change of 9.11%.This indicates that the balance sheet and financial strength for Coast-Tel Credit Union has had no significant changes in recent periods.
In the past year, Coast-Tel Credit Union has decreased its total deposits by $-438,000, resulting in -3.15% 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-Tel Credit Union has shown is below 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. Coast-Tel Credit Union has $14.55 million in assets with $966,000 in equity, resulting in a capitalization level of 6.64%, which is below average.
|Assets and Liabilities|
|Loan Loss Allowance||$38,000|
|Real Estate Owned||$325,000|
|Historic Data - March 2013|
|Loan Loss Allowance||$51,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$325,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.43%|
|Return on Assets||0.38%|
|Return on Equity||6.03%|
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|0.03%||$100||-||Regular Share Account|
|0.03%||-||-||Young Savers Account|
|0.03%||$100||-||Sub Share Account|
|0.03%||$100||-||Christmas Club Account|
|0.03%||-||-||Regular IRA Share Account|
|0.10%||$50k||-||Investment Share Account|
|0.20%||$1k||-||36 Month Share Certificate|
|0.15%||$1k||-||24 Month Share Certificate|
|0.10%||$1k||-||6 Month Share Certificate|
|0.10%||$1k||-||12 Month Share Certificate|
|0.20%||$1k||-||36 Month IRA Share Certificate|
|0.15%||$1k||-||24 Month IRA Share Certificate|
|0.10%||$1k||-||6 Month IRA Share Certificate|
|0.10%||$1k||-||12 Month IRA Share Certificate|
|Coast-Tel Credit Union Locations|
|Branch Office||356 Main St||Salinas, CA 93901|