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Overview / Commentary
800-525-7611
P.O. Box 868
Salinas, CA 93902

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.

Field of Membership Restrictions

Must live, work, worship or attend school in Monterey County. Also open to employees of several select companies. - See Details

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Health

Data for Q1 2014

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Coast-Tel Credit Union has a low asset base.

Texas Ratio

GRADE:
C

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.

Texas Ratio Trend

GRADE:
C+

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.

Deposit Growth

GRADE:
C-

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.

Capitalization

GRADE:
C-

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.

Institution Statistics

Overall
NCUA #13090
Year Chartered1959
Employees4
Primary Regulator
Assets and Liabilities
Assets$14.55 million
Loans$6.32 million
Deposits$13.46 million
Equity Capital$928,000
Loan Loss Allowance$38,000
Real Estate Owned$325,000
Historic Data - March 2013
Assets$14.90 million
Equity Capital$854,000
Loan Loss Allowance$51,000
Unbacked Noncurrent Loans$0
Real Estate Owned$325,000
Profit Margin - Quarterly
Return on Assets0.38%
Return on Equity6.03%
Interest Income$99,000
Rates
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Coast-Tel Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

Coast-Tel Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Investment Share Account

Coast-Tel Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Coast-Tel Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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
Locations


Coast-Tel Credit Union Locations
Branch Office356 Main StSalinas, CA 93901