Gulf Coast Credit Union

P O Box 8849
Corpus Christi, TX 784688849
(800) 239-3985
www.ccgcfcu.com

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Gulf Coast Credit Union is headquartered in Corpus Christi and is the 104^th largest credit union in the state of Texas. It is also the 1,353^rd largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 44 employees and 8,730 members. Gulf Coast Credit Union's savings rates are 2X the national average, and it has a 4-star health rating.

Best CD Rates in the Nation in Southeast Texas - Local Only - 11/21/2011

It's getting difficult to find 3% CD rates even for terms of 7 and 10 years. That's why I was surprised when I came across this new CD rate at Gulf Coast Credit Union in Corpus Christi, Texas. It's a ...

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See Rates for: Savings | Money Market | CD | IRA

Gulf Coast Credit Union Savings Account Rates

Apy	Min	Max	Product
1.25%	-	-	IRA Share
1.25%	-	-	Roth IRA Share
1.25%	-	-	Coverdell IRA Share
1.10%	$100k	-	Super Share Account
0.50%	-	-	Christmas Club Account
0.50%	-	-	Vacation Club Account
0.25%	-	-	Regular Share Account

Gulf Coast Credit Union Money Market Rates

	Apy	Min	Max	Product
	1.15%	$50k	-	Money Market

Gulf Coast Credit Union CD Rates

Apy	Min	Max	Product
2.02%	$500	-	36 Month Share Certificate
1.85%	$500	-	24 Month Share Certificate
1.65%	$500	-	18 Month Share Certificate
1.50%	$500	-	12 Month Share Certificate
1.10%	$500	-	6 Month Share Certificate

Gulf Coast Credit Union IRA Rates

Apy	Min	Max	Product
2.27%	$500	-	36 Month Coverdell IRA Share Certificate
2.27%	$500	-	36 Month IRA Share Certificate
2.27%	$500	-	36 Month Roth IRA Share Certificate
2.00%	$500	-	24 Month IRA Share Certificate
2.00%	$500	-	24 Month Roth IRA Share Certificate
2.00%	$500	-	24 Month Coverdell IRA Share Certificate
1.60%	$500	-	12 Month IRA Share Certificate
1.60%	$500	-	12 Month Roth IRA Share Certificate
1.60%	$500	-	12 Month Coverdell IRA Share Certificate

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

GULF COAST
NCUA #	4060
BankRate Report	View
Year Chartered	1940
Employees	44
Primary Regulator
Assets and Liabilities
Assets	$109.04 million
Loans	$93.29 million
Deposits	$98.64 million
Equity Capital	$9.89 million
Loan Loss Allowance	$502,000
Unbacked Noncurrent Loans	$1.37 million
Historic Data - December 2010
Assets	$93.69 million
Equity Capital	$7.33 million
Loan Loss Allowance	$610,000
Unbacked Noncurrent Loans	$1.17 million
Profit Margin - Quarterly
Net Interest Margin	5.34%
Return on Assets	2.69%
Return on Equity	29.69%
Interest Income	$6.25 million
Non-Interest Income	$1.94 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Gulf Coast Credit Union had $1.37 million in non-current loans and owned real-estate with $10.39 million in equity and loan loss allowances on hand to cover it. This gives Gulf Coast Credit Union a Texas Ratio of 13.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Gulf Coast Credit Union held steady from 14.75% as of December 31, 2010 to 13.21% as of December 31, 2011, resulting in a positive change of 10.43%.This indicates that the balance sheet and financial strength for Gulf Coast Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Gulf Coast Credit Union has increased its total deposits by $12.84 million, resulting in 14.96% 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 Credit Union has shown is excellent.
Capitalization
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 Credit Union has $109.04 million in assets with $10.39 million in equity, resulting in a capitalization level of 9.53%, which is average.