Gulf Winds Credit Union

Gulf Winds Credit Union Locations
220 East Nine Mile Road
Pensacola, FL 32534
850.479.9601
www.gwfcu.org



Gulf Winds Credit Union is headquartered in Pensacola and is the 27th largest credit union in the state of Florida. It is also the 491st largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 117 employees and 48,951 members. Gulf Winds Credit Union has a 5-star health rating.

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High-Yield Reward Checking Account at Gulf Winds Federal Credit Union in Pensacola - Local Only - 10/26/2010

Gulf Winds Federal Credit Union is offering a reward checking account called Gulf Winds High-Yield Checking . Like many new reward checking accounts being launched these days, the balance cap is lower ...



See Rates for: Checking | Savings | CD | IRA

Gulf Winds Credit Union Checking Account Rates

ApyMinMaxProduct
2.53%-$15kMyHigh-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 Savings Account Rates

ApyMinMaxProduct
0.40%--IRA Share Savings
0.40%--Roth IRA Share Savings
0.30%--Primary Share Savings
0.30%--Secondary Share Savings
0.30%--MyMoney Kids Account Share Savings
0.30%--MyMoney Teens Account Share Savings
0.30%--Vacation Club Share Savings
0.30%--Christmas Club Share Savings
0.30%--Business Share Savings

Gulf Winds Credit Union CD Rates

ApyMinMaxProduct
1.46%$500-36 Month CD
1.16%$500-24 Month CD
0.90%$500-18 Month CD
0.65%$500-12 Month CD
0.50%$500-6 Month CD

Gulf Winds Credit Union IRA Rates

ApyMinMaxProduct
1.56%$500-36 Month IRA
1.56%$500-36 Month Roth IRA
1.26%$500-24 Month IRA
1.26%$500-24 Month Roth IRA
1.00%$500-18 Month IRA
1.00%$500-18 Month Roth IRA
0.75%$500-12 Month IRA
0.75%$500-12 Month Roth IRA
0.60%$500-6 Month IRA
0.60%$500-6 Month Roth IRA

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


GULF WINDS
NCUA #24702
BankRate ReportView
Year Chartered1954
Employees117
Primary Regulator

Assets and Liabilities

Assets$397.27 million
Loans$212.22 million
Deposits$340.21 million
Equity Capital$51.75 million
Loan Loss Allowance$2.62 million
Unbacked Noncurrent Loans$2.03 million
Real Estate Owned$49,000

Historic Data - December 2010

Assets$371.01 million
Equity Capital$48.71 million
Loan Loss Allowance$2.47 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$325,000

Profit Margin - Quarterly

Net Interest Margin4.44%
Return on Assets0.54%
Return on Equity4.11%
Interest Income$13.55 million
Non-Interest Income$9.99 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Winds Credit Union had $2.08 million in non-current loans and owned real-estate with $54.37 million in equity and loan loss allowances on hand to cover it. This gives Gulf Winds Credit Union a Texas Ratio of 3.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Gulf Winds Credit Union held steady from 3.33% as of December 31, 2010 to 3.82% as of December 31, 2011, resulting in a negative change of 14.57%. This indicates that the balance sheet and financial strength for Gulf Winds Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Gulf Winds Credit Union has increased its total deposits by $24.09 million, resulting in 7.62% 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.
Capitalization5
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 $397.27 million in assets with $54.37 million in equity, resulting in a capitalization level of 13.69%, which is excellent.
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