Overview / Commentary
CoastLife Credit Union is headquartered in Corpus Christi and is the 62nd largest credit union in the state of Texas. It is also the 750th largest credit union in the nation. It was established in 1965 and as of June of 2021, it had grown to 117 employees and 35,225 members at 8 locations. CoastLife Credit Union's money market rates are 36% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in CoastLife Credit Union is open to those who live or work in the Texas counties of Aransas, Nueces, Jim Wells, Kleberg, Duval, or San Patricio.
See current membership details
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Health
A
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68482 |
| Year Chartered | 1965 |
| Employees | 117 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.27% |
| Return on Equity - YTD | 11.89% |
| Annual Interest Income | $7.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $435.3MM$392.6MM |
| Loans | Q2 2021vs Q2 2020 | $283.7MM$286.1MM |
| Deposits | Q2 2021vs Q2 2020 | $383.9MM$347.0MM |
| Equity Capital | Q2 2021vs Q2 2020 | $46.3MM$41.3MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $2.6MM$3.0MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $1.8MM$1.1MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |