Overview / Commentary
Gulf Credit Union is headquartered in Groves and is the 76th largest credit union in the state of Texas. It is also the 926th largest credit union in the nation. It was established in 1941 and as of June of 2022, it had grown to 79 employees and 23,901 members at 4 locations. Gulf Credit Union has a B+ health rating.
Field of Membership Restrictions
Gulf Credit Union of Texas is open to the resident and the people that maintain employment within these qualified counties: Jefferson, Hardin, and Orange.
See current membership details
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60205 |
| Year Chartered | 1941 |
| Employees | 79 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.3% |
| Return on Equity - YTD | 20.66% |
| Annual Interest Income | $4.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $337.0MM$331.2MM |
| Loans | Q2 2022vs Q2 2021 | $168.0MM$143.0MM |
| Deposits | Q2 2022vs Q2 2021 | $312.3MM$303.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $21.4MM$24.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $618.00K$734.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $441.00K$316.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |