Dec, 31, 2023 — GULF COAST EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 8 branch locations and about $1.31 billion in total assets. Opened 76 years ago in 1948, GULF COAST EDUCATORS FEDERAL CREDIT UNION has about 57,372 members and employs 178 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GULF COAST EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 5953 Fairmont Pkwy PASADENA, TX 77505 |
Phone: | (281) 487-9333 |
Fax: | (281) 998-5891 |
Website: | https://www.gcefcu.org |
Branches: | 8 branch locations |
Members: | 57,372 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5648 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,311,219,769 |
CEO/Manager: | Linda Lukaszewski |
Chairperson: | Stephen Harrell |
ASSETS: | $ Amount |
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Cash & Equivalents | 83,801,489 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 392,178,233 |
Unsecured Loans | 84,202,629 |
Other Loans | 388,095,315 |
TOTAL LOANS | 864,476,177 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,509,055 |
Land And Building | 7,072,142 |
Other Fixed Assets | 1,160,062 |
NCUSIF Deposit | 5,960,188 |
All Other Assets | 37,800 |
TOTAL ASSETS | 1,311,219,769 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,584,809 |
Notes & Interest Payable | 195,000,000 |
Accounts Payable & Other Liabilities | 29,076,591 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 126,664,402 |
Regular shares | 302,300,959 |
All Other Shares & Deposits | 535,200,926 |
TOTAL SHARES & DEPOSITS | 964,166,287 |
TOTAL LIABILITIES | 1,192,827,687 |
Regular Reserve | 0 |
Other Reserves | -61,365,734 |
Undivided Earnings | 179,757,816 |
TOTAL EQUITY | 118,392,082 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,311,219,769 |
INCOME & EXPENSE | |
Loan Income | 43,704,732 |
Investment Income | 10,985,502 |
Other Income | 6,674,108 |
Total Employee Compensation & Benefits | 15,375,427 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,745,574 |
Non-operating Income & (Expense) | -270 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,050,136 |
Cost of Funds | 26,834,505 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,578,995 |
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