Gulf Coast Federal Credit Union (AL)
LOCATIONS
3
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HEALTH RATING
B+
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CURRENT TOP RATE
1.25% APY
48 Months CD
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Overview / Commentary
Gulf Coast Federal Credit Union (AL) is headquartered in Mobile and is the 44th largest credit union in the state of Alabama. It is also the 2,537th largest credit union in the nation. It was established in 1951 and as of March of 2020, it had grown to 17 employees and 6,116 members at 3 locations. Gulf Coast Federal Credit Union (AL) has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees and retirees of Mobile County, the City of Mobile, member companies of the Mobile Chamber of Commerce, or the Merit System of Mobile County,
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Health
B+
Data as of Q1 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Gulf Coast Federal Credit Union (AL) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7520 |
| Year Chartered | 1951 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 3.63% |
| Annual Interest Income | $330.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $41.9MM$41.3MM |
| Loans | Q1 2020vs Q1 2019 | $17.6MM$19.3MM |
| Deposits | Q1 2020vs Q1 2019 | $36.0MM$35.4MM |
| Equity Capital | Q1 2020vs Q1 2019 | $5.7MM$5.7MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $161.00K$173.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $132.00K$262.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $67.00K$95.00K |