COASTLIFE CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- COASTLIFE CREDIT UNION (EIN 74-1505143)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-04-25
- IRS object ID
- 201211169349300516
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-25T11:29:07-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | A R LEMA CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 E MARKET ST STE 2906 | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78205 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 741505143 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COASTAL COMMUNITY & TEACHERS CU | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COAS | NameControl |
| Phone | 3619856810 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6810 SARATOGA BLVD | AddressLine1 |
| City | Corpus Christi | City |
| State | TX | State |
| ZIP Code | 784143908 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GINA K PRINCE | Name |
| Title | PRESIDENT | Title |
| Phone | 3619856810 | Phone |
| Date Signed | 2012-04-25 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AR LEMA CPA | Name |
| Phone | 2102124822 | Phone |
| Date Prepared | 2012-04-25 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COASTAL COMMUNITY TEACHERS CREDIT UNION | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6810 SARATOGA BLVD | AddressLine1 |
| City | Corpus Christi | City |
| State | TX | State |
| ZIP Code | 78414 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 12930756 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| Web Site | WWW.CCATCU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1935 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE MEMBERS WITH QUALITY FINANCIAL SERVICES THROUGH THE REALM OF SOUND MANAGEMENT POLICIES AND A PROFESSIONAL CODE OF ETHICS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 100 | TotalNbrEmployees |
| Total Nbr Volunteers | 9 | TotalNbrVolunteers |
| Total Gross UBI | 177349 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -67714 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9942964 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12075521 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1075457 | InvestmentIncomePriorYear |
| Investment Income Current Year | 675546 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 140897 | OtherRevenuePriorYear |
| Other Revenue Current Year | 179689 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11159318 | TotalRevenuePriorYear |
| Total Revenue Current Year | 12930756 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3322557 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3410256 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7166029 | OtherExpensePriorYear |
| Other Expenses Current Year | 7380552 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10494586 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10796808 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 664732 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2133948 | RevenuesLessExpensesCY |
| Total Assets BOY | 186840879 | TotalAssetsBOY |
| Total Assets EOY | 212670905 | TotalAssetsEOY |
| Total Liabilities BOY | 165344702 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 190406448 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21496177 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22264457 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDE MEMBERS WITH QUALITY FINANCIAL SERVICES THROUGH THE REALM OF SOUND MANAGEMENT POLICIES AND A PROFESSIONAL CODE OF ETHICS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | SHARE/DEPOSIT ACCOUNTS: DEPOSITS GREW $24,608,635 FOR THE YEAR 2011. MOST OF THE DEPOSIT GROWTH WAS IN THE (PIA) PRIME INVESTMENT ACCOUNTS WHICH GREW OVER $17.8 MILLION. THESE ARE MONEY MARKET ACCOUNTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONSUMER LOANS: CONSUMER LOANS GREW $36,792,976 DURING THE YEAR 2011. LARGE MAJORITY OF THE GROWTH IN LOANS WAS DUE TO INDIRECT LENDING WITH EMPHASIS ON USED VEHICLES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER MEMBER SERVICES: THE INTEREST EARNING CHECKING ACCOUNTS GREW $3.9 MILLION DURING THE YEAR 2011. MEMBERS MUST MEET CERTAIN CRITERIA FOR THE HIGHER EARNING INTEREST RATE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 5440 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | false | ComplianceWithBackupWitholding |
| Number Of Employees | 100 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Quid Pro Quo Disclosure | false | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COASTAL COMMUNITY TEACHERS CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3619856810 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6810 SARATOGA BLVD | AddressLine1 |
| City | Corpus Christi | City |
| State | TX | State |
| ZIP Code | 78414 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DRDAVID HINOJOSA | ||||||||
| CHAIRPERSON | 2.00 | X | X | 0 | 0 | 0 | ||
| ARTURO DELGADO | ||||||||
| VICE-CHAIRPERSON | 2.00 | X | X | 0 | 0 | 0 | ||
| DR TONY DIAZ | ||||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 | ||
| JAVIER LEAL | ||||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 | ||
| DR JOSE CAVAZOS | ||||||||
| PARLIAMENTARIAN | 2.00 | X | 0 | 0 | 0 | |||
| JUDGE HENRY SANTANA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| EDUARDO TORRES | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| KEN COMBS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DRLYNDA DELEON | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JANET YARBROUGH | ||||||||
| VP-HUMAN RESOURCES | 40.00 | 75663 | 0 | 0 | X | |||
| THERESA WILES | ||||||||
| VP-LENDING | 40.00 | 72340 | 0 | 0 | X | |||
| SARA GARZA | ||||||||
| VP ACCOUNTING | 40.00 | 60548 | 0 | 0 | X | |||
| ROSIE BOTELLO | ||||||||
| VP-MEMBER SERVICES | 40.00 | 56973 | 0 | 0 | X | |||
| LEANNE MULHOLLAND | ||||||||
| VP-TELLER/BRANCHES | 40.00 | 60617 | 0 | 0 | X | |||
| GINA PRINCE | ||||||||
| PRESIDENT | 40.00 | 0 | 0 | 0 | X | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 521384 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode |
|---|---|---|---|---|---|
| BLUE CROSSBLUE SHIELD | |||||
| EMPLOYEE INSURANCE | 340625 | ||||
| CENTRE TECHNOLOGIES INC | |||||
| IT CONSULTING/CAP EX | 376023 | 480 N SAM HOUSTON PKWY STE 310 | Houston | TX | 77060 |
| FISERV SOLUTIONS INC | |||||
| IT SYS.ANN MAINT. | 240357 | 4500 SW RESEARCH WAY | Corvallis | OR | 97333 |
| CUNA MUTUAL GROUP | |||||
| CL/CD INSURANCE | 195744 | PO BOX 391 | Madison | WI | 53701 |
| AMERICAN SERVICE GROUP | |||||
| WARRANTY/GAP SERVICE | 173059 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON LOANS | 900099 | 8386932 | 8386932 |
| FEES & PROGRAM REVENUE | 900099 | 3590229 | 3590229 |
| MISC. OPERATING REVENUE | 900099 | 98360 | 98360 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12075521 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 675546 | TotalRevenueColumn |
| Exclusion | $675,546 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| GAP INSURANCE REIMBURSEMENTS | 900099 | 76850 | 76850 |
| WARRANTIES | 900099 | 37950 | 37950 |
| ATM TERMINAL NETWORK INCOME | 900099 | 35820 | 35820 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29069 | TotalRevenueColumn |
| Unrelated Business Revenue | 26729 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 179689 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12930756 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12075521 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 177349 | UnrelatedBusinessRevenue |
| Exclusion | $675,546 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6000 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 521384 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2888872 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7758 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16400 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224932 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1404057 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 622354 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 455021 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78813 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1737024 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 413374 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 436781 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| SPECIAL PROGRAMS | 966528 |
| PROVISION FOR LOAN LOSSES | 749000 |
| LOAN PROGRAM EXPENSES | 218051 |
| LEAGUE DUES | 26744 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23715 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10796808 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20434343 | BOY |
| EOY | 29691956 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 110442099 | BOY |
| EOY | 147152351 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10239193 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4423502 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5989306 | BOY |
| EOY | 5815691 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40108269 | BOY |
| EOY | 23212767 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9866862 | BOY |
| EOY | 6798140 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186840879 | BOY |
| EOY | 212670905 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1280225 | BOY |
| EOY | 1733336 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164064477 | BOY |
| EOY | 188673112 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165344702 | BOY |
| EOY | 190406448 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21496177 | BOY |
| EOY | 22264457 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21496177 | BOY |
| EOY | 22264457 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186840879 | BOY |
| EOY | 212670905 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 2133948 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformed |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed4955 Tax | false | Form4720Filed4955Tax |
| Correction Made | false | CorrectionMade |
| Form1120 Pol Filed | false | Form1120PolFiled |
| Form4720 Filed | false | Form4720Filed |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
| Substantially All Dues Nondeduct | false | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | false | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | false | AgreeToCarryoverPriorYear |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1129485 | OtherCostOrOtherBasis |
| Book Value | 1129485 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5005631 | OtherCostOrOtherBasis |
| Depreciation | 1133498 | Depreciation |
| Book Value | 3872133 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 527018 | OtherCostOrOtherBasis |
| Depreciation | 207024 | Depreciation |
| Book Value | 319994 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3577059 | OtherCostOrOtherBasis |
| Depreciation | 3082980 | Depreciation |
| Book Value | 494079 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5815691 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FEDERAL AGENCY SECURITIES | 10857932 | C |
| COMMERCIAL BANKS | 10504000 | C |
| FEDERAL HOME LOAN BANK | 103712 | C |
| NCUSIF DEPOSIT | 1747123 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 23212767 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ACCRUED INCOME, RECEIVABLES, PREPAIDS | Description |
| Book Value | 6798140 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 6798140 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARES & DEPOSITS | Description |
| Amount | $188,673,112 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 188673112 | TotalOfAmounts |
| Total Revenue | 12930756 | TotalRevenue |
| Total Expenses | 10796808 | TotalExpenses |
| Excess Or Deficit For Year | 2133948 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 2133948 | ExcessOrDeficitPerFS |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 6 | NumberOfRecipients |
| Amount Of Cash Grant | 6000 | AmountOfCashGrant |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GINA PRINCE | NamePerson |
| Base Compensation Filing Org | 195243 | BaseCompensationFilingOrg |
| Total Compensation Filing Org | 195243 | TotalCompensationFilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | TRAVEL FOR COMPANIONS: BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION; HOWEVER, THEY DO RECEIVE 1099 MISC INCOME FOR REIMBURSED SPOUSAL TRAVEL WHILE ON CREDIT UNION BUSINESS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | FORM 990, PART VI, SECTION A, LINE 6 & 7A: COASTAL COMMUNITY & TEACHERS IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS. THESE MEMBERS HOLD ANNUAL MEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11A: A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: OFFICIALS ARE NOT FORMALLY REQUESTED TO DISCLOSE ANY CONFLICTS OF INTEREST; HOWEVER, WHEN THERE ARE ANY APPARENT CONFLICTS OF INTEREST, THE AFFECTED OFFICIAL ABSTAINS FROM VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15A & 15B: THE BOARD OF DIRECTORS APPOINTS A COMPENSATION COMMITTEE WHO REVIEWS ANNUALLY THE COMPENSATION LEVELS OF ALL KEY EMPLOYEES PRIOR TO APPROVAL BY THE BOARD. THERE IS ALSO A WRITTEN EMPLOYMENT CONTRACT FOR THE KEY PERSON WHICH IS REVIEWED DURING THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19: FINANCIAL STATEMENTS ARE POSTED MONTHLY IN EACH CREDIT UNION OFFICE AND THE ANNUAL REPORTS ARE DOWN LOADABLE ON OUR WEBSITE. THE GOVERNANCE DOCUMENTS, BASED ON TEXAS ADMINISTRATIVE CODE AND BOARD OF DIRECTOR POLICY, ARE AVAILABLE UPON MEMBER REQUEST. A DISCLOSURE STATEMENT IS ON THE WEBSITE AND THE BI-ANNUAL NEWSLETTER SPECIFIES THAT CERTAIN DOCUMENTS ARE AVAILABLE FOR MEMBER REVIEW. | Explanation |
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