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Overview / Commentary
220 E Nine Mile Rd
Pensacola, FL 32534

Gulf Winds Credit Union is headquartered in Pensacola and is the 22nd largest credit union in the state of Florida. It is also the 419st largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 122 employees and 54,061 members. Gulf Winds Credit Union has a A health rating.

Field of Membership Restrictions

Anyone who lives, works, worships, or attends school in Escambia or Santa Rosa Counties, Florida, and Escambia County, Alabama, are eligible to join. Businesses and other legal entities located in these counties are also eligible. You are also eligible to join if an immediate family member is a member. - See Details

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Data for Q4 2013

Institution Health


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, 2013 Gulf Winds Credit Union had $4.81 million in non-current loans and owned real-estate with $60.68 million in equity and loan loss allowances on hand to cover it. This gives Gulf Winds Credit Union a Texas Ratio of 7.92% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Gulf Winds Credit Union experienced no significant changes from 4.06% as of December 31, 2012 to 7.92% as of December 31, 2013, resulting in a negative change of 94.95%. This indicates that the balance sheet and financial strength for Gulf Winds Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Gulf Winds Credit Union has increased its total deposits by $69.86 million, resulting in 18.49% 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 Winds Credit Union has shown is excellent.



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 Winds Credit Union has $516.34 million in assets with $60.68 million in equity, resulting in a capitalization level of 11.75%, which is excellent.

Institution Statistics

NCUA #24702
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$516.35 million
Loans$283.90 million
Deposits$447.70 million
Equity Capital$58.48 million
Loan Loss Allowance$2.20 million
Unbacked Noncurrent Loans$4.32 million
Real Estate Owned$487,000
Historic Data - December 2012
Assets$439.57 million
Equity Capital$53.52 million
Loan Loss Allowance$2.28 million
Unbacked Noncurrent Loans$4.32 million
Real Estate Owned$29,000
Profit Margin - Quarterly
Net Interest Margin4.55%
Return on Assets0.93%
Return on Equity8.23%
Interest Income$15.13 million
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Gulf Winds Credit Union Savings Account Rates

0.30%--IRA Share Savings
0.30%--Roth IRA Share Savings
0.20%$25-Primary Share Savings
0.20%--Special Share Savings
0.20%--MyMoney Kids Account Share Savings
0.20%--MyMoney Teens Account Share Savings
0.20%--Business Share Savings

Gulf Winds Credit Union Checking Account Rates

1.50%-$15kMyHigh-Yield Share Draft Checking
0.05%--MyHigh-Yield Share Draft Checking
0.00%$25-MyOpportunity Share Draft Checking
0.00%--MyMoney Teens Checking
0.00%--Business Share Draft Checking
0.00%--Non-Profit Share Draft Checking
0.00%--MyFree Share Draft Checking

Gulf Winds Credit Union CD Rates

1.11%$500-36 Month CD
0.90%$500-24 Month CD
0.75%$500-18 Month CD
0.55%$500-12 Month CD
0.40%$500-6 Month CD

Gulf Winds Credit Union IRA Rates

1.21%$500-36 Month IRA (Traditional,Roth)
1.00%$500-24 Month IRA (Traditional,Roth)
0.85%$500-18 Month IRA (Traditional,Roth)
0.65%$500-12 Month IRA (Traditional,Roth)
0.50%$500-6 Month IRA (Traditional,Roth)

Gulf Winds Credit Union has 14 locations. Click to view all Gulf Winds Credit Union locations.