Gulf Winds Federal Credit Union is headquartered in Pensacola and is the 24th largest credit union in the state of Florida. It is also the 411th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 233 employees and 82,136 members at 13 locations. Gulf Winds Federal Credit Union's money market rates are 6X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Gulf Winds Federal Credit Union offers membership to those who live, work, worship, or attend school in Florida counties of Alachua, Baker, Bay, Bradford, Calhoun, Clay, Columbia, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Holmes, Jackson, Jefferson, Lafayette, Leon, Levy, Liberty, Madison, Marion, Nassau, Okaloosa, Putnam, Santa Rosa, Saint Johns, Suwannee, Taylor, Union, Wakulla, Walton, and Washington; Alabama Counties of Baldwin, Butler, Clarke, Coffee, Conecuh, Covington, Crenshaw, Dale, Escambia, Geneva, Henry, Houston, Mobile, Monroe, Washington, and Wilcox; Georgia Counties of Atkinson, Baker, Berrien, Brantley, Brooks, Camden, Charlton, Clinch, Colquitt, Cook, Decatur, Early, Echols, Glynn, Grady, Lanier, Lowndes, Miller, Mitchell, Pierce, Seminole, Thomas, and Ware.
See current membership details
Gulf Winds Don't Blow
Gulf Winds Credit Union is a local focused credit union with a rather professional and up to date offering of services. They have a majority if the services larger banks offer all with a small company approach of service. For the most part there is little to complain about. Great rates on financing and somewhat competitive savings options. All in all a very good, locally grown, person focused company.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68694 |
| Year Chartered | 1954 |
| Employees | 233 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 8.68% |
| Annual Interest Income | $20.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.06B$1.02B |
| Loans | Q2 2023vs Q2 2022 | $689.5MM$603.2MM |
| Deposits | Q2 2023vs Q2 2022 | $951.6MM$943.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $70.8MM$63.3MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $6.1MM$5.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.2MM$3.0MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
