Dear Valued Member,
It has been quite a busy time for your credit union. In July 2008, the credit union was granted a charter that opened membership to everyone who lives or works on the Island. And in the latter part of 2009, GGEFCU announced its new name, Coast360 Federal Credit Union and unveiled the new logo during an island wide celebration with long standing members of the credit union, founders, Board of Directors, media and local dignitaries.
Coast360 was chosen to better reflect the credit union’s vision for the future as it remains strong for its members, their children, grandchildren and the communities they serve.
Research strongly indicated that our old name presented a barrier to people who believed they couldn’t join our credit union because it hints of exclusivity to government employees. Every generation brings a change. As our family grows, some things stay the same. Whether or not we call our self GGEFCU or Coast360 what remains the same is our commitment to be the financial institution of choice, to be responsive to your needs, to proactively seek out new solutions, to be your friend and partner, to be part of your life.
The new name earmarks a new beginning for the credit union, a fresh start built on the foundation of over 47 years in the business of helping to enrich lives and making life on Guam more enjoyable.
As we forge ahead, we are excited for our members to finally set foot in their new Maite Headquarters slated to be completed in this summer It will be the first commercial environmentally friendly building on Guam and a home all of us can be proud of.
We see this as an exciting new chapter in the life of our credit union. A larger unique building gives us the needed capacity to grow, a strong financial position gives us the horsepower to fuel growth, a loyal member base gives us the support and motivation to grow and a fresh new name and image gives us the competitive advantage to grow.
Proud of our heritage and legacy, we continue to inspire each other to achieve our dreams and create new opportunities that strengthen our bonds of family and community. Because this is our island, this is our community, this is our credit union. Together there is no stopping us. Together We Thrive!
John Arroyo
President/CEO
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Congress has temporarily increased NCUA share insurance form $100,000 to $250,000 per depositor through December 2013.