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Gulf Coast Community Federal Credit Union

Overview / Commentary
228-539-7029
12364 Highway 49
Gulfport, MS 39503

Gulf Coast Community Federal Credit Union is headquartered in Gulfport and is the 12st largest credit union in the state of Mississippi. It is also the 1,710st largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 41 employees and 10,979 members. Gulf Coast Community Federal Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, attends church, or goes to school in Harrison or Hancock County. Also eligible to join are persons of immediate families or households, including spouse, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, stepsiblings, and adoptive relationships of GCCFCU members. - See Details

Related Posts

Kasasa Accounts at Gulf Coast Community FCU Still Have Top Rates - 7/3/2014

Gulf Coast Community Federal Credit Union continues to lead with competitive Kasasa account rates. While GCCFCU's rates have declined slightly, both Kasasa Cash (high-yield reward checking) and Kasasa Saver still produce top rates



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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Gulf Coast Community Federal Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Gulf Coast Community Federal Credit Union had $911,000 in non-current loans and owned real-estate with $12.67 million in equity and loan loss allowances on hand to cover it. This gives Gulf Coast Community Federal Credit Union a Texas Ratio of 7.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Gulf Coast Community Federal Credit Union experienced no significant changes from 4.33% as of March 31, 2013 to 7.19% as of March 31, 2014, resulting in a negative change of 66.03%. This indicates that the balance sheet and financial strength for Gulf Coast Community Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Gulf Coast Community Federal Credit Union has increased its total deposits by $3.55 million, resulting in 5.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Gulf Coast Community Federal Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Gulf Coast Community Federal Credit Union has $83.66 million in assets with $12.67 million in equity, resulting in a capitalization level of 15.14%, which is excellent.

Institution Statistics

Overall
NCUA #242
Year Chartered1935
Employees41
Primary Regulator
Assets and Liabilities
Assets$83.66 million
Loans$55.69 million
Deposits$70.14 million
Equity Capital$11.93 million
Loan Loss Allowance$739,000
Unbacked Noncurrent Loans$911,000
Real Estate Owned$0
Historic Data - March 2013
Assets$77.39 million
Equity Capital$10.21 million
Loan Loss Allowance$573,000
Unbacked Noncurrent Loans$911,000
Real Estate Owned$34,000
Profit Margin - Quarterly
Net Interest Margin1.91%
Return on Assets1.54%
Return on Equity10.8%
Interest Income$1.23 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Gulf Coast Community Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Gulf Coast Community Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.51%-$25kKasasa Saver - Qualifying
0.75%--Wealth Builder Savings
0.75%--Wealth Builder IRA Savings Account
0.75%--Wealth Builder Roth IRA Savings Account
0.75%--Wealth Builder Coverdell Education Savings Account
0.50%$10k-IRA Savings Account
0.50%$10k-Coverdell Education Savings Account
0.50%$10k-Roth IRA Savings Account
0.05%--Kasasa Saver - Non Qualifying
0.05%$500-Regular Savings Account
0.05%--Christmas Club

Gulf Coast Community Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Rewards Money Market Account
0.10%$2,500-Money Market Account

Gulf Coast Community Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$25kKasasa Cash - Qualifying
0.05%--Kasasa Cash - Non Qualifying

Gulf Coast Community Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$100k-60 Month Share Certificate
1.75%$100k-48 Month Share Certificate
1.40%$100k-36 Month Share Certificate
1.05%$100k-30 Month Share Certificate
1.00%$100k-24 Month Share Certificate
0.85%$100k-18 Month Share Certificate
0.75%$100k-12 Month Share Certificate
0.50%$2,500-9 Month Share Certificate
0.45%$2,500-6 Month Share Certificate

Gulf Coast Community Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$100k-60 Month IRA Certificate
1.75%$100k-48 Month IRA Certificate
1.40%$100k-36 Month IRA Certificate
1.05%$100k-30 Month IRA Certificate
1.00%$100k-24 Month IRA Certificate
0.85%$100k-18 Month IRA Certificate
0.75%$100k-12 Month IRA Certificate
0.50%$2,500-9 Month IRA Certificate
0.45%$2,500-6 Month IRA Certificate
Locations


Gulf Coast Community Federal Credit Union Locations
Branch Office2415 14th StGulfport, MS 39501-2020
Branch Office295 Highway 90 Ste 27Bay St Louis, MS 39520-3600
Branch Office12364 Highway 49Gulfport, MS 39503