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GULF COAST EDUCATORS FEDERAL CREDIT UNION

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.


ABA Routing Number: 313087286
Name:GULF COAST EDUCATORS FEDERAL CREDIT UNION
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
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

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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