Coast Central News
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Coast Central Earns 5-Star Rating for Financial Stability

Coast Central Credit Union was recently recognized by BauerFinancial, Inc. as earning a Five-Star SUPERIOR rating for the 95th consecutive quarter as of March 2018.  The rating has been awarded to CCCU since 1994 and designates the organization as one of the strongest financially sound credit unions in the nation.  BauerFinancial is the leading credit union and bank rating and research firm in the U.S. The star ratings classify each institution based on factors such as capital, historical trends, loan delinquencies, profitability, asset quality, reserves, and charge-offs. Founded in 1950, Coast Central Credit Union is the largest member-owned financial institution … Continue reading

Kay Serotta joins Coast Central Credit Union as Manager

Kay Serotta joins Coast Central Credit Union as Manager Coast Central Credit Union announced that Kay Serotta has accepted the position of Manager, Member Services of its Uniontown Arcata Member Services Branch.  Ms. Serotta will oversee 10 employees and have responsibility for operations, lending, and new member opportunities. Ms. Serotta brings with her 20 years of credit union experience, most recently serving as the Loan Officer/Chief Lending Specialist at Cal State & Federal Employees Credit Union in Eureka.  In her role there she was responsible for regulatory compliance, training, economic development, real estate and consumer loan underwriting, collections, marketing, and … Continue reading

Coast Central Assets Grow to over $1.3 Billion

COAST CENTRAL ASSETS GROW TO OVER $1.3 BILLION   Coast Central Credit Union announced its 2017 financial results at the credit union’s annual membership meeting on Thursday, February 22. Ron Rudebock, Board of Directors Chair, and John Gladding, Board Treasurer, reported that total assets had grown 8% to $1.382 billion. Additionally, total deposits increased by 7.9% to $1.164 million, total loans grew by over 10% to $617.2 million, and membership to over 67,000. Net income for the year was $12.4 million, total capital reached $149.5 million, and return on average assets was 0.93%. In other business, elections were held for … Continue reading

Coast Central Credit Union Awards $50,000 in Community Grants; Announces $200,000 for 2018

Eureka – Coast Central Credit Union (CCCU) President/CEO James T. Sessa, announced that its Board of Directors has approved $50,000 in grants to six local organizations as part of its Community Investment Program: $11,000:  Humboldt County Special Olympics for transportation and lodging costs for its athletes $10,000:  Farmers Market’s North Coast Growers Association for a truck for operations and safety equipment $10,000:  Trinity Food Outreach to expand the food bank and replace the refrigeration/freezer unit $7,000:    Blue Lake School for Chromebooks for a classroom $7,000:     Humboldt Bay Fire Department for a thermal imaging camera $5,000:    Humboldt Library Foundation for … Continue reading

Fraud Warning

A small number of members are receiving text messages claiming to be from Coast Central Credit Union, and directing them to call a local number. If they do call that number, they are warned that their direct deposit has been cancelled, and that they need to input their credit card number for verification. These texts are not from Coast Central, and are an attempt to steal your account information. As a reminder, Coast Central will never use your card information to verify your identity. We will only contact you at the contact information you have on file with us. Please … Continue reading

Coast Central Credit Union Receives Two “Best of North Coast” Awards!

Coast Central Credit Union was recently voted Best Credit Union and Best Place to Get a Loan, in an annual poll conducted by the area’s daily regional newspaper, The Times-Standard. According to President and CEO Dean G. Christensen, this is the 16th year Coast Central has been honored to receive the Best Credit Union award, and the 2nd year receiving Best Place to Get a Loan. Christensen said, “We are committed to providing our members with quality financial products and outstanding service, so receiving these accolades means a lot. It shows us that our members appreciate our efforts and it reinforces … Continue reading

Coast Central Community Investment Program Awards $50,000 in Community Grants!

Five community grants totaling $50,000 have been awarded by Coast Central Credit Union. This was announced today by Dean G. Christensen, the credit union’s President/CEO. To date, the credit union has awarded $950,000 to 80 worthwhile community organizations. As part of its Community Investment Program, the credit union’s volunteer Board of Directors approved the following community awards: $13,989 to the Trinity County Life Support, to support the purchase of a Stryke battered-powered gurney to assist with emergency medical care. $10,200 to the Wild Souls Ranch to support the service horses used with foster youth and adopted youth. $10,096 to the … Continue reading

Coast Central Assets Grow to $1.2 Billion

Continuing the outstanding performance, Coast Central Credit Union has been able to record another year of substantial growth. Presenting the 2016 Annual Report at the credit union’s annual membership meeting held Thursday, February 23rd, Ron Rudebock, Chairman of the credit union’s volunteer Board of Directors noted, “in 2016, our members once again reaffirmed their trust and satisfaction in their credit union.” Membership grew to over 65,000, assets increased by 10.3% to $1.280 billion and total capital increased to end the year at $132.1 million. “The continued investment from 3000 new members…now factor to 37% of the tri-county region,” stated John … Continue reading

5-Star Rated Coast Central Credit Union: Premier Financial Stability for 91 Consecutive Quarters

As Coast Central Credit Union prepares to celebrate 67 Years of providing quality member service to its members in the tri-county region; we are honored to be recognized once again as a 5-Star rated financial institution by BauerFinancial, Inc., the nation’s leading bank and credit union rating and research firm.  BauerFinancial, Inc. has been analyzing and rating the nation’s financial institutions since 1983 and Coast Central Credit Union has earned this highest 5-Star rating for the most recent 91 consecutive quarters (That’s over 22 Years!).  This rating, based on March, 2017 financial data, indicates that Coast Central Credit Union is … Continue reading

Coast Central Announces Trina Stokley as New Manager, Member Services

Trina Stokley is the new Coast Central Credit Union Manager, Member Services for the Weaverville location. Stokley has a strong background in banking, beginning her career right out of high school. Before coming to Coast Central, she was a store manager and loan officer with Umpqua Bank where she worked for over 20 years. Stokley stated, “My greatest accomplishment is the relationships I have made and will continue to make in this community.” Stokley has remained active in the community as the current Vice President and board member for Junction City Elementary School where she volunteers for various functions throughout … Continue reading

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