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Gulf Credit Union


Overview / Commentary
www.gecu.org
800-448-5328
5140 W Parkway St
Groves, TX 77619

Gulf Credit Union is headquartered in Groves and is the 70th largest credit union in the state of Texas. It is also the 869th largest credit union in the nation. It was established in 1941 and as of March of 2020, it had grown to 79 employees and 25,981 members at 4 locations. Gulf Credit Union's money market rates are 25% higher than the national average, and it 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.
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Health
B+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #60205
Year Chartered1941
Employees79
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD15%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$288.0MM$284.6MM
LoansQ1 2020vs Q1 2019$151.4MM$153.3MM
DepositsQ1 2020vs Q1 2019$265.1MM$265.2MM
Equity CapitalQ1 2020vs Q1 2019$21.6MM$17.3MM
Loan Loss AllowanceQ1 2020vs Q1 2019$625.00K$577.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$378.00K$351.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$306.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gulf Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-Share Account
0.15%--Christmas Club
0.15%$100-IRA Club Account

Gulf Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$75k*-Cash Management
OTHER TIERS: 0.15% → Up to $2k | 0.20% → $2k - $25k | 0.35% → $25k - $50k | 0.45% → $50k - $75k
0.15%--TUTMA

Gulf Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$50-Share Draft

Gulf Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%$500-36 Month CD
0.90%$500-24 Month CD
0.65%$500-18 Month CD
0.55%$500-12 Month CD
0.30%$500-6 Month CD
0.15%$500-3 Month CD

Gulf Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%$500-36 Month IRA
0.90%$500-24 Month IRA
0.65%$500-18 Month IRA
0.55%$500-12 Month IRA
0.30%$500-6 Month IRA
0.15%$500-3 Month IRA
Locations


Gulf Credit Union Locations
Branch Office2779 Aero DrPort Arthur, TX 77640
Branch Office4721 Highway 87 SOrange, TX 77630
Branch Office2360 Dowlen RdBeaumont, TX 77706
Branch Office5140 W Parkway StGroves, TX 77619

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