Coastlife Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741505143 ✦ Corpus christi, TX ✦ Designated as a 501(c)(14)

Overview

What is Coastlife Credit Union?

Coastlife Credit Union, located at 6816 Saratoga Boulevard in Corpus Christi, Texas (78414), is a nonprofit financial institution dedicated to assisting its members with loans. The primary focus of the credit union is to provide loans to eligible members, with the main expense being the allocation for potential loan losses. Coastlife Credit Union aims to impact lives by helping individuals manage their finances effectively, as stated in their mission to "change lives by helping each person navigate their financial journey." The organization employs a team of 175 individuals to support its members in Corpus Christi and beyond.


Official website here: www.coastlifecu.com

Is Coastlife Credit Union legitimate?

Coastlife Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Coastlife Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $821,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,967,538

For more financial information, click here


Official website here: www.coastlifecu.com

What is the mission statement of Coastlife Credit Union?

Coastlife Credit Union is dedicated to making a positive impact on people's lives by guiding them through their financial journeys. Their mission is to help each individual navigate the complexities of finance. They extend loans to eligible members, with the primary expense being the provision for potential loan losses. The credit union's goal is to ensure that every person receives the support they need to manage their finances effectively. By offering loans, Coastlife Credit Union aims to empower its members to take control of their financial futures and improve their overall financial well-being.


Official website here: www.coastlifecu.com

Who is the CEO of Coastlife Credit Union?

Gina Bryant is the Ceo of Coastlife Credit Union. The CEO's salary of Coastlife Credit Union is $358,980 and their total compensation is $358,980.


Official website here: www.coastlifecu.com

What is the revenue of Coastlife Credit Union?

Coastlife Credit Union's revenue in 2022 was $23,047,485.


Official website here: www.coastlifecu.com

Who are the executives of Coastlife Credit Union and what are their salaries?

The average compensation at Coastlife Credit Union during 2022 was $33,082. There are 175 employees and 11 volunteers at Coastlife Credit Union.

Here are 14 key members and their salaries (Coastlife Credit Union's CEO's salary is $358,980 and their total compensation is $358,980):

    Gina Bryant (Ceo)
  • Compensation: $358,980
  • Related: $0
  • Other: $0

    • Samuel Longoria (Chief Lending Officer)
  • Compensation: $146,057
  • Related: $0
  • Other: $0

    • Kimberly Candelaria (Financial Services)
  • Compensation: $109,246
  • Related: $0
  • Other: $0

    • Missy A Garcia (Vp Of Human Resources)
  • Compensation: $106,379
  • Related: $0
  • Other: $0

    • Calvin Greer (Financial Services)
  • Compensation: $101,126
  • Related: $0
  • Other: $0

    • Ken Combs (Chairman Of The Bod)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynda Deleon (Vice Chairpersonbod)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angie Ramirez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Sandroussi (Treasurerbod)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Javier Leal (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Santana (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Ortiz (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jose Cavazos Jr (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jesse Gatewood (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.coastlifecu.com

    Where can I find the form 990 for Coastlife Credit Union?

    The Coastlife Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.coastlifecu.com

    Learn more at the official website: www.coastlifecu.com

    Mission Statement of Coastlife Credit Union

    Coastlife Credit Union, with its mission to change lives, dedicates itself to helping each person in their financial journey. In simpler terms, this financial institution is committed to making a positive impact on individuals by providing them with the necessary tools and resources to manage their finances effectively.

    At the heart of Coastlife Credit Union's operations is the provision of loans to eligible members. This program is the primary focus of the organization, with the majority of its expenses allocated towards mitigating the risk of loan losses. By offering loans, Coastlife Credit Union empowers its members to achieve their financial goals, whether it be for education, homeownership, or debt consolidation.

    Furthermore, Coastlife Credit Union is more than just a lending institution. It is an organization dedicated to making a difference in people's lives. By providing accessible financial services, it enables its members to build a stronger financial future, ultimately improving their overall well-being. In doing so, Coastlife Credit Union plays a vital role in fostering financial literacy and independence among its members.

    Impact

    This information is meant to be a general summary of Coastlife Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Coastlife Credit Union's impact is significant in helping individuals navigate their financial journeys and transform their lives. Through their programs and services, they provide access to interest on loans for eligible members, with a focus on improving financial well-being and empowerment. This proactive approach towards financial inclusion contributes to uplifting individuals and promoting economic stability within the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,426,840
  • Program Service Revenue: $21,496,347
  • Gross Receipts: $23,047,485

    • Assets and Liabilities:
  • Total Assets: $490,166,619
  • Total Liabilities: $443,366,274
  • Net Assets: $46,800,345
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest on Loans

    Revenue

    $14,585,853

    Fees and Program

    Revenue

    $5,213,648

    Miscellaneous Oper Rev

    Revenue

    $1,696,846

    Organization Details

    Founding Year

    1935

    Principal Officer

    Gina Bryant

    Main Address

    6810 Saratoga Boulevard, Corpus Christi, TX, 78414

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Coastlife Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.