Coastal Community Credit Union 1st Quarter 2023 Newsletter

The ball dropped, the celebration toast was made, and we are thrilled to be working together again in 2023! Most of us are setting goals for the new year, with financial plans at the top of the list. Many reports indicate that over half of Americans struggle to make ends meet with the drastic rise in the cost of living, leaving many doubtful about their financial well-being. This is likely affecting those you serve. Here is how BALANCE can help:


Research shows that the average American is unprepared for retirement. In partnership with Cornerstone Foundation, we have designed this interactive workshop based on real-life outcomes through the decades (20’s, 30’s, 40’s, 50’s, 60’s).


We all know routine health check-ups are important. Financial well-being is no different. Start the year strong by connecting with our certified financial counselors and encouraging your network to do the same.


There is a reason Albert Einstein called compound interest the eighth wonder of the world. The earlier you begin investing, the longer your contributions have time to grow. If you started investing $100 per month in a vehicle earning an average return of 7% a year, in 30 years, you would have $113, 352 ($36,000 in contributions and $77, 352 in interest earned). Think of investment vehicles like mugs; you get to pick the color and size that you like. You can choose your favorite investment (401k, IRA, HSA, etc.) Wondering what to pour inside the mug? You can choose from stocks, bonds, index funds (basket of stocks), or ETFs (Exchange Traded Funds) that can be purchased and sold the same way that a regular stock can. Interested in learning more?


At Coastal Community FCU, we care about your financial wellness. That’s why we’ve partnered with industry-leading BALANCE to provide you with free access to expertly-crafted financial education and resources to help with your fiscal matters. And should you need, BALANCE can assist with confidential, no-cost financial counseling services to help you develop a sensible budget managing spending and debt. For all your financial life stage changes and more, we—in partnership with BALANCE—are here to help.

Mockup of Coastal Community FCU Visa Credit Card
Get More Out Of Your Credit Card
4.9% APR* Introductory rate for 12 months on all Balance Transfers.
  • No Balance Transfer Fees
  • No Annual Fees
  • No Cash Advance Fees
  • No Over Limit Fees
  • Same Rate for Purchases and Cash Advance
  • 8.9% APR after introductory rate

*APR = Annual Percentage Rate. Members must qualify.

Looking for relief from high-interest debt?!
Consolidate with a low-rate, DEBT CONSOLIDATION LOAN
Bags of money
Date the Rate Marry the Car! Put a Ring on the Car Not the Rate! Come Get A New or Used Loan with Us then dump the high-interest rate once rates become more attractive! *Not available to refinance an existing CCFCU loan. Fixed-rate. Certain terms, conditions, and/or discounts apply. Approval subject to complete underwriting criteria.
Pay Your IRA Not the IRS

There is still time to make your year 2022 Contribution. The IRA Contribution deadline for Tax Year 2022 is April 18th, 2023. For the tax year 2022, you can contribute up to $6,000 of your compensation and up to $7,000 if you are age 50 or older. All or part of your IRA contribution may be tax deductible based on your participation in an employer-sponsored retirement plan and/or your income. All earnings on your IRA are tax-deferred until you withdraw the funds from your account. Another great benefit is that your IRA account is insured up to $250,000 by the NCUA separately from any other shares you have here at CCFCU. Call us today for more information.

*Tax information was included on December 2022 Statements

IRA coins

Save the Date For Our Annual Meeting - July 10th!

Letters for board positions can be submitted by sending a resume or bio to the nominating committee by March 31st, 2023 to PO BOX 2026 Galveston, TX 77553.