COASTLIFE CREDIT UNION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- COASTLIFE CREDIT UNION (EIN 74-1505143)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-04-29
- IRS object ID
- 201301199349300960
- Schema version
- 2012v2.1
- 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 | 2013-04-29T18:35:53-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEMA & ASSOCIATES | 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 | 2012-01-01 | 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 | 2013-04-26 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANGEL R LEMA CPA | Name |
| Phone | 2102124822 | Phone |
| Date Prepared | 2013-04-29 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GINA K PRINCE PRESIDENT | NameOfPrincipalOfficerPerson |
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 | 784143908 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 14944358 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| 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 | 112 | TotalNbrEmployees |
| Total Gross UBI | 110439 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -79243 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12075521 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 14464872 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 675546 | InvestmentIncomePriorYear |
| Investment Income Current Year | 369047 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 179689 | OtherRevenuePriorYear |
| Other Revenue Current Year | 110439 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12930756 | TotalRevenuePriorYear |
| Total Revenue Current Year | 14944358 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 6000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 1965004 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3410256 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3657415 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7380552 | OtherExpensePriorYear |
| Other Expenses Current Year | 6129360 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10790808 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11757779 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2139948 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3186579 | RevenuesLessExpensesCY |
| Total Assets BOY | 212670905 | TotalAssetsBOY |
| Total Assets EOY | 244927641 | TotalAssetsEOY |
| Total Liabilities BOY | 190406448 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 219553199 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 22264457 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 25374442 | 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 |
| Expense | 11757779 | Expense |
| Grants | 6000 | Grants |
| Description | NO SPECIFIC EXEMPT PURPOSE ACCOMPLISHMENTS WERE NOTED DURING THE CALENDAR YEAR OTHER THAN POSITIVE GROWTH IN THE LENDING, DEPOSIT, AND MEMBER SERVICES AREA. | Description |
| Total Program Service Expense | 11757779 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| 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 | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | 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 |
| 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 |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 5746 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 112 | 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 |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| 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 | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| 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 | false | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GINA K PRINCE | NamePerson |
| 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 | 784143908 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| AUTURO DELGADO | |||||||
| CHAIRPERSON | 2.00 | X | X | 0 | 0 | 0 | |
| HENRY SANTANA | |||||||
| VICE-CHAIRPE | 2.00 | X | X | 0 | 0 | 0 | |
| KEN COMBS | |||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 | |
| JAVIER LEAL | |||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 | |
| JOSE CAVAZOS | |||||||
| PARLIAMENTAR | 2.00 | X | 0 | 0 | 0 | ||
| DAVID HINOJOSA | |||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | ||
| LYNDA DELEON | |||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | ||
| TONY DIAZ | |||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | ||
| EDUARDO TORRES | |||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | ||
| GINA PRINCE | |||||||
| PRESIDENT | 40.00 | 205235 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 205235 | 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)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD | ||||||
| PO BOX 655730 | DALLAS | TX | 75265 | EMP.BENEFITS | 433020 | |
| SWBC | ||||||
| PO BOX 795027 | SAN ANTONIO | TX | 78279 | INSURANCE | 296275 | |
| FISERV SOLUTIONS INC | ||||||
| 4500 SW RESEARCH WAY | CORVALLIS | OR | 97333 | COMPUTER | 277741 | |
| CENTRE TECHNOLOGIES | ||||||
| 480 NSAM HOUSTON | HOUSTON | TX | 77060 | IT | 209506 | PKWY E STE 310 |
| AFFINION BENEFITS GROUP | ||||||
| PO 41770 | NASHVILLE | TN | 37204 | MEM.INSURANCE | 196331 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| INTEREST ON LOANS | 10131184 | 10131184 |
| FEES & PROGRAM REVENUE | 3937377 | 3937377 |
| MISC.OPERATING REVENUE | 392812 | 392812 |
| GAIN ON DISP.OF ASSETS | 3499 | 3499 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 14464872 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 369047 | TotalRevenueColumn |
| Related Or Exempt Function Income | 369047 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| GAP REIMBURSEMENTS | 900099 | 61007 | 61007 |
| ATM SURCHARGES | 900099 | 30789 | 30789 |
| INSURANCE REIMBURSEMENTDS | 900099 | 18643 | 18643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 110439 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14944358 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14833919 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 110439 | UnrelatedBusinessRevenue |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6000 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1965004 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205235 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3452180 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219651 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287425 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1366641 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 766155 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 425665 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87260 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 357124 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191186 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| SPECIAL PROGRAMS | 1086519 |
| PROVISION FOR LOAN LOSSES | 985000 |
| LOAN SERVICING | 254202 |
| PERSONNEL ADMINISTRATION | 35655 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66877 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11757779 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29691956 | BOY |
| EOY | 19917859 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147152351 | BOY |
| EOY | 183327083 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10492999 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4780626 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5815691 | BOY |
| EOY | 5712373 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23212767 | BOY |
| EOY | 22993242 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6798140 | BOY |
| EOY | 12977084 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 212670905 | BOY |
| EOY | 244927641 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1733336 | BOY |
| EOY | 2849299 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188673112 | BOY |
| EOY | 216703900 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190406448 | BOY |
| EOY | 219553199 | 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 | 22264457 | BOY |
| EOY | 25374442 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22264457 | BOY |
| EOY | 25374442 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 212670905 | BOY |
| EOY | 244927641 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 3186579 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -76594 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | false | FSAudited |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1129486 | OtherCostOrOtherBasis |
| Book Value | 1129486 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5005631 | OtherCostOrOtherBasis |
| Depreciation | 1253163 | Depreciation |
| Book Value | 3752468 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 543532 | OtherCostOrOtherBasis |
| Depreciation | 238724 | Depreciation |
| Book Value | 304808 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3814350 | OtherCostOrOtherBasis |
| Depreciation | 3288739 | Depreciation |
| Book Value | 525611 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5712373 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FEDERAL AGENCY SEC. | 19886054 | C |
| NCUSIF DEPOSIT | 2012488 | C |
| COMMERCIAL BANKS | 991000 | C |
| FED.HOME LOAN BANK | 103700 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 22993242 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ACCRUED INC/REC/PREPAIDS | Description |
| Book Value | 12977084 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 12977084 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARES/DEPOSITS | Description |
| Amount | $216,703,900 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 216703900 | TotalOfAmounts |
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 |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GINA PRINCE | NamePerson |
| Title | PRESIDENT | Title |
| Base Compensation Filing Org | 205235 | BaseCompensationFilingOrg |
| Total Compensation Filing Org | 205235 | TotalCompensationFilingOrg |
| Comp Report Prior990 Filing Org | 195243 | CompReportPrior990FilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION | Identifier |
| Return Reference | SCHEDULE J, PAGE 1, PART I, LINE 3 | ReturnReference |
| Explanation | 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 (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | COASTAL COMMUNITY & TEACHERS IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS FROM A COMMON FIELD OF MEMBERSHIP WHO HAVE PAID A BOARD AUTHORIZED MINIMUM MEMBERSHIP FEE INTO THEIR SHARE ACCOUNTS. |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBEWRS HOLD ANNUAL MEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | 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. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, 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. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS APPOINTS A COMPENSTION 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. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, 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 POLICIES, ARE AVAILABLE UPON MEMBER REQUEST. A DISCLOSURE STATEMENT IS ON THE WEBSITE AND THE BIANNUAL NEWSLETTER SPECIFIES THAT CERTAIN DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | PERIOD ADJUSTMENTS 76,594 |