We want to make sure you have the information you need to make the right financial decisions. Listed below are several disclosures we made available for your reference. If you have questions, please contact us at (877) 495-1600 and a Member Service Center Representative will assist you.
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- Mobile Wallet Terms and Conditions
- Cal Coast Online Terms and Conditions
- Debit Mastercard Guide to Benefits
- Credit Mastercard Guide to Benefits
- Federal E-Sign Act Disclosure and Agreement
- Mobile Banking Terms and Conditions Agreement
- Statement Disclosure
Account Agreement Disclosures
- ATM Card Disclosure
- Business Account Disclosure
- Business Service Charge Schedule
- Consumer Service Charge Schedule
- Credit Cardholder Agreement
- Debit Mastercard Disclosure
- Electronic Fund Transfers Agreement and Disclosure
- Funds Availability Disclosure
- Membership and Account Agreement
- Savings and Checking Account Disclosure
Your Insured Deposits are Secure
We understand recent financial news may have you looking for more information about how California Coast Credit Union insures members' deposits.
California Coast's member deposits are insured by the National Credit Union Administration (NCUA.) The NCUA is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.
With the passage of the Emergency Economic Stabilization Act of 2008, member's deposits are now insured up to at least $250,000 and up to $250,000 for certain retirement accounts. Please refer to this website for more information on how the insurance is calculated.
It's important to note that not one penny of insured savings has ever been lost by a member of a federally insured credit union. California Coast Is Your Safe Harbor.
Rest assured, California Coast is a financially sound, well-capitalized credit union which means we have substantial funds set aside in reserves as an additional protection for our members. As of March 31, 2016, our capital ratio is 11.51% which is well above the 7% level Federal regulators consider to be well capitalized. In addition, we have not originated any sub-prime loans.
Please feel free to call us at (877) 495-1600 if you have additional questions or would like to review your accounts.
NCUA Share Insurance Estimator
The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.