Sep, 30, 2025 — GULF CREDIT UNION is a federally insured state chartered credit union headquartered in PORT ARTHUR, TX with 5 branch locations and about $328.10 million in total assets. Opened 85 years ago in 1941, GULF CREDIT UNION has about 24,283 members and employs 84 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 2779 Aero Dr # A PORT ARTHUR, TX 77640 |
| Phone: | (409) 963-1191 |
| Fax: | (409) 960-6130 |
| Website: | https://www.gecu.org |
| Branches: | 5 branch locations |
| Members: | 24,283 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60205 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $328,098,364 |
| CEO/Manager: | Todd L Gaudin |
| Chairperson: | Karen S Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,825,543 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,613,812 |
| Unsecured Loans | 13,843,730 |
| Other Loans | 111,061,600 |
| TOTAL LOANS | 183,716,852 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -879,417 |
| Land And Building | 14,684,701 |
| Other Fixed Assets | 2,109,300 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,695,862 |
| All Other Assets | 0 |
| TOTAL ASSETS | 328,098,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 73,882 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,084,907 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 80,038,058 |
| Regular shares | 145,912,339 |
| All Other Shares & Deposits | 69,781,778 |
| TOTAL SHARES & DEPOSITS | 295,732,175 |
| TOTAL LIABILITIES | 297,890,964 |
| Regular Reserve | 0 |
| Other Reserves | 3,588,848 |
| Undivided Earnings | 26,618,552 |
| TOTAL EQUITY | 30,207,400 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 328,098,364 |
| INCOME & EXPENSE | |
| Loan Income | 8,306,736 |
| Investment Income | 1,291,619 |
| Other Income | 1,546,145 |
| Total Employee Compensation & Benefits | 4,348,624 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,565,872 |
| Non-operating Income & (Expense) | -67,748 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,187,149 |
| Cost of Funds | 1,589,395 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 397,013 |
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