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Coastal Teachers Credit Union

Overview
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Coastal Teachers Credit Union is a federal credit union based in Port Lavaca, Texas. It has been opened since 1955, for 65 years.

With around $5,750,000 in assets, Coastal Teachers Credit Union is considered to be a small credit union.

About
Address 426 W. Main Street
Port Lavaca, Texas 77979
Website http://www.ctfcu.net
Phone (361) 552-1558
Fax (361) 552-9593
CEO Claudia A. Coward
President of the Board Jacque Rudd
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
1,066 members
Membership type: Multiple common bond – primary educational
Below average number of members
355:1
Credit union member to staff ratio
355 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$5,754,831
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Coastal Teachers Credit Union Branch Locations

Coastal Teachers Federal Credit Union
426 W. Main Street
Port Lavaca, Texas 77979
No ATM
Members
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1,066 members
Membership type: Multiple common bond – primary educational
Below average number of members

With 1,066 members, the Coastal Teachers Credit Union is considered to be a small credit union. It is smaller than 80% of credit unions.

Fees
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$18
Average fee per member
The average fee per member at the Coastal Teachers Credit Union is $18, which is low compared to most credit unions. This rate is lower than 74% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Coastal Teachers Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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355:1
Credit union member to staff ratio
355 per each FTE employee
Compared to 411:1 nationally
Average number of staff
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Coastal Teachers Credit Union has 3 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Coastal Teachers Credit Union has around 355 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$5,754,831
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
7.6%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$8,854
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 62% of credit unions.

Coastal Teachers Credit Union holds a total of $3,210,000 in loans and leases, which is about $8,854 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Coastal Teachers Credit Union pays 0.15%.

Loan rates
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11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
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