Gulf Coast Educators Federal Credit Union is headquartered in Pasadena and is the 28th largest credit union in the state of Texas. It is also the 375th largest credit union in the nation. It was established in 1948 and as of December of 2019, it had grown to 121 employees and 42,242 members at 6 locations. Gulf Coast Educators Federal Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Gulf Coast Educators Federal Credit Union is open to employees who work regularly in the Educational Industry in the counties of Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery or Waller Counties, Texas.
See current membership details
Credit Union For Teachers
GCEFCU is a great credit union for teachers and school district employees. As an employee, I can honestly say this credit union cares about their members and goes above and beyond to make a difference in the schools in our community.
High APY 1.76
check out high 1.76 APY for one year CD on GULF COAST EDUCATORS FCU
Gulf Coast Educators
I bought my Jeep through Gulf Coast Educators a few years ago. I would still be banking with them today, but they were so rude to me. You would think that since they are a credit union they would want to work with you, they would be nice. Every time i called or went up there to make a payment on my Jeep they were very nasty. They gave me a very high interest rate and after a year of making payments on time i asked if they could help me lower my interest payments they would not help me out.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5648 |
| Year Chartered | 1948 |
| Employees | 121 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 6.38% |
| Annual Interest Income | $32.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $860.1MM$726.3MM |
| Loans | Q4 2019vs Q4 2018 | $489.2MM$415.1MM |
| Deposits | Q4 2019vs Q4 2018 | $646.3MM$531.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $136.2MM$121.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $2.8MM$2.7MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.4MM$1.4MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |