Guam – Coast360 Federal Credit Union is celebrating its Charter Day today [Friday], marking 48 years of service on Guam. Charter Day is a time to thank founding and present members for believing in its vision of a credit union determined to serve our island community.
“This Charter Day, we celebrate the civic spirit of the thousands of members who together, own this credit union,” stated John Taitano, Coast360 FCU Board Chairman. “We also honor our professional staff for their hard work and dedication to serving our community.”
48 years ago, on September 24, 1962, twenty Government of Guam employees raised $250 to start the Government of Guam Employees Federal Credit Union (GGEFCU). In July 2008, GGEFCU was granted a charter that opened membership to everyone who lives or works on the island; community-wide membership began October 27, 2008. On November 16, 2009, GGEFCU announced its new name, Coast360 Federal Credit Union. Continuing the vision, the credit union is on the verge of another historic milestone with the opening of its new Maite headquarters later this year.
Coast360 Federal Credit Union has grown to a membership of more than 45,000 with three member centers in Maite, Tamuning and Harmon. Since its founding, the credit union has grown its financial resources from $250 to over $200 million in assets, making it one of Guam’s true community financial success stories.
John Arroyo, Coast360 FCU President and CEO, summarizes: “All these great strides, and our continuing strength, arise from one enduring belief at Coast360: that when we hold ourselves to the highest standards of stewardship, our island and our credit union will thrive – now and for generations to come.”