EIN 74-1110172

Gulf Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
89
City
State
Year formed
1939
Most recent tax filings
2022-12-01
Description
Gulf Credit Union is a Texas-based cooperative financial institution that offers free checking and consumer loans, promoting thrift among members.
Related structure
Gulf Credit Union is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$13,218,033
2022
Total expenses
$12,024,970
2022
Total assets
$325,190,904
2022
Num. employees
89
2022

Program areas at Gulf Credit Union

Gulf Credit Union offers share (savings) accounts with advantages to members of all ages. The credit union had 27,309 member-owned accounts as of December 31, 2022. Member savings accounts pay dividends quarterly and offer access via multiple avenues such as home banking, the Internet, and phone banking.
Gulf Credit Union provides vehicle and other consumer loans. The consumer loan product line includes efficient underwriting and flexible offerings for recreational vehicles, boats, and motorcycles. Consumer credit life and disability insurance is available on any of these loan types. The credit union carried 9,583 consumer loans as of December 31, 2022.
Gulf Credit Union provides free share draft (checking) accounts to all members, business accounts, and limited free checks to senior citizens. The credit union had 15,506 share draft accounts as of December 31, 2022. Dividends are paid on these accounts monthly. Additionally, the credit union extends the reach of these accounts to all members with free debit and ATM cards, Internet account access, and the use of the automated phone teller.

Personnel at Gulf Credit Union

NameTitleCompensation
Todd GaudinChief Executive Officer$263,496
Stephine AdamsChief Operating Officer$137,572
Linda Kiker RialsChief Financial Officer$131,282
Bambi D McGinnChief Information Officer$150,846
Johnny LewallenChairman$0
...and 4 more key personnel

Financials for Gulf Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$14,385,627
Investment income and dividends$1,440,322
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-138,614
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-2,469,302
Total revenues$13,218,033

Form 990s for Gulf Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-24990View PDF
2021-122022-04-28990View PDF
2020-122021-08-25990View PDF
2019-122020-09-30990View PDF
2018-122020-06-16990OView PDF
...and 11 more Form 990s

Organizations like Gulf Credit Union

OrganizationLocationRevenue
Eastex Credit UnionEvadale, TX$5,553,461
Resource One Credit UnionDallas, TX$45,978,560
First Central Credit UnionWaco, TX$11,296,325
Fort Worth Community Credit UnionBedford, TX$51,151,395
Union Square Credit UnionWichita Falls, TX$34,027,572
Smart Financial Credit UnionHouston, TX$39,299,069
Fivepoint Credit UnionNederland, TX$49,433,751
Community Service Credit UnionHuntsville, TX$8,942,744
Lone Star Credit UnionDallas, TX$9,474,313
Neighborhood Credit UnionDallas, TX$57,236,238
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 5 new personnel
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 11, 2022
Used new vendors
Identified 1 new vendor, including
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
5140 West St
Groves, TX 77619
Metro area
Beaumont-Port Arthur, TX
County
Jefferson County, TX
Website URL
gecu.org/ 
Phone
(409) 963-1191
IRS details
EIN
74-1110172
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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