Gulf Winds Credit Union is headquartered in Pensacola and is the 23rd largest credit union in the state of Florida. It is also the 418st largest credit union in the nation. It was established in 1954 and as of June of 2013, it had grown to 132 employees and 53,422 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 Q2 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 June 30, 2013 Gulf Winds Credit Union had $4.59 million in non-current loans and owned real-estate with $58.17 million in equity and loan loss allowances on hand to cover it. This gives Gulf Winds Credit Union a Texas Ratio of 7.89% 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 held steady from 3.99% as of June 30, 2012 to 7.89% as of June 30, 2013, resulting in a negative change of 97.62%. This indicates that the balance sheet and financial strength for Gulf Winds Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Gulf Winds Credit Union has increased its total deposits by $74.33 million, resulting in 20% 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.
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 Winds Credit Union has $513.56 million in assets with $58.17 million in equity, resulting in a capitalization level of 11.33%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 24702 |
| Year Chartered | 1954 |
| Employees | 132 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $513.56 million |
| Loans | $273.88 million |
| Deposits | $445.97 million |
| Equity Capital | $56.01 million |
| Loan Loss Allowance | $2.17 million |
| Unbacked Noncurrent Loans | $4.16 million |
| Real Estate Owned | $429,000 |
| Historic Data - June 2012 | |
|---|---|
| Assets | $432.73 million |
| Equity Capital | $51.93 million |
| Loan Loss Allowance | $2.47 million |
| Unbacked Noncurrent Loans | $4.16 million |
| Real Estate Owned | $84,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.34% |
| Return on Assets | 0.87% |
| Return on Equity | 7.94% |
| Interest Income | $7.56 million |
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Gulf Winds Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | - | $15k | MyHigh-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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.21% | $500 | - | 36 Month IRA | |
| 1.21% | $500 | - | 36 Month Roth IRA | |
| 1.00% | $500 | - | 24 Month IRA | |
| 1.00% | $500 | - | 24 Month Roth IRA | |
| 0.85% | $500 | - | 18 Month IRA | |
| 0.85% | $500 | - | 18 Month Roth IRA | |
| 0.65% | $500 | - | 12 Month IRA | |
| 0.65% | $500 | - | 12 Month Roth IRA | |
| 0.50% | $500 | - | 6 Month IRA | |
| 0.50% | $500 | - | 6 Month Roth IRA |
Gulf Winds Credit Union has 14 locations. Click to view all Gulf Winds Credit Union locations.