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Gulf Coast Educators Credit Union

Based on 1 review
Overview / Commentary
800-683-3863
5953 Fairmont Pkwy
Pasadena, TX 77505

Gulf Coast Educators Credit Union is headquartered in Pasadena and is the 35th largest credit union in the state of Texas. It is also the 437th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 70 employees and 30,919 members. Gulf Coast Educators Credit Union's money market rates are 48% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Open to school district employees within Harris, Brazoria and Galveston counties, Gulf Coast Educators is a better alternative to the mega-banks. - See Details

Reviews (1)

High APY 1.76

check out high 1.76 APY for one year CD on GULF COAST EDUCATORS FCU



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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, 2013 Gulf Coast Educators Credit Union had $974,000 in non-current loans and owned real-estate with $89.56 million in equity and loan loss allowances on hand to cover it. This gives Gulf Coast Educators Credit Union a Texas Ratio of 1.09% 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 Educators Credit Union experienced no significant changes from 1.15% as of December 31, 2012 to 1.09% as of December 31, 2013, resulting in a positive change of 5.19%.This indicates that the balance sheet and financial strength for Gulf Coast Educators Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Gulf Coast Educators Credit Union has increased its total deposits by $34.88 million, resulting in 9.43% 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 Educators 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 Educators Credit Union has $498.69 million in assets with $89.56 million in equity, resulting in a capitalization level of 17.96%, which is excellent.

Institution Statistics

Overall
NCUA #5648
Year Chartered1948
Employees70
Primary Regulator
Assets and Liabilities
Assets$498.69 million
Loans$187.49 million
Deposits$404.70 million
Equity Capital$88.17 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$710,000
Real Estate Owned$264,000
Historic Data - December 2012
Assets$461.81 million
Equity Capital$86.86 million
Loan Loss Allowance$1.54 million
Unbacked Noncurrent Loans$710,000
Real Estate Owned$295,000
Profit Margin - Quarterly
Net Interest Margin5.04%
Return on Assets1.19%
Return on Equity6.74%
Interest Income$14.35 million
Rates

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

Gulf Coast Educators Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$10k-IRA
0.60%$10k-Roth IRA
0.60%$10k-Education IRA
0.25%$500-Share Account
0.25%$500-Christmas Club Account

Gulf Coast Educators Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$50k-Money Market Account

Gulf Coast Educators Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$2,500-Advantage Checking Account

Gulf Coast Educators Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.76%$1k-4 Year Premium Deposit Account Share Certificate
1.76%$1k-5 Year Premium Deposit Account Share Certificate
1.51%$1k-3 Year Premium Deposit Account Share Certificate
1.46%$200k-2 Year Super Jumbo Term Share Certificate
1.36%$100k$200k2 Year Jumbo Term Share Certificate
1.26%$1k-4 Year Term Share Certificate
1.26%$1k-5 Year Term Share Certificate
1.26%$1k-2 Year Premium Deposit Account Share Certificate
1.21%$200k-12 Month Super Jumbo Term Share Certificate
1.21%$200k-18 Month Super Jumbo Term Share Certificate
1.10%$100k$200k12 Month Jumbo Term Share Certificate
1.10%$200k-6 Month Super Jumbo Term Share Certificate
1.10%$100k$200k18 Month Jumbo Term Share Certificate
1.00%$1k-3 Year Term Share Certificate
1.00%$100k$200k6 Month Jumbo Term Share Certificate
1.00%$1k-12 Month Premium Deposit Account Share Certificate
1.00%$1k-18 Month Premium Deposit Account Share Certificate
1.00%$200k-90 Day Super Jumbo Term Share Certificate
0.90%$100k$200k90 Day Jumbo Term Share Certificate
0.90%$1k-6 Month Premium Deposit Account Share Certificate
0.90%$250-12 Month College Saver Premium Deposit Account Certificate
0.80%$1k-90 Day Premium Deposit Account Share Certificate
0.75%$1k-2 Year Term Share Certificate
0.50%$1k-12 Month Term Share Certificate
0.50%$1k-18 Month Term Share Certificate
0.40%$1k-6 Month Term Share Certificate
0.40%$250-12 Month College Saver Certificate
0.30%$1k-90 Day Term Share Certificate
Locations


Gulf Coast Educators Credit Union Locations
Branch Office5953 Fairmont PkwyPasadena, TX 77505
Branch Office1120 W Main StLeague City, TX 77573-2020
Branch Office1819 Broadway St Ste 109Pearland, TX 77581-5671