Sep, 30, 2025 — GULF WINDS CREDIT UNION is a federally insured state chartered credit union headquartered in PENSACOLA, FL with 12 branch locations and about $1.24 billion in total assets. Opened 72 years ago in 1954, GULF WINDS CREDIT UNION has about 72,992 members and employs 239 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 WINDS CREDIT UNION |
|---|---|
| Address: (Main Office) | 220 E Nine Mile Rd PENSACOLA, FL 32534-3145 |
| Phone: | (850) 479-9601 |
| Fax: | (850) 479-5830 |
| Website: | https://www.gogulfwinds.com |
| Branches: | 12 branch locations |
| Members: | 72,992 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68694 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,235,543,639 |
| CEO/Manager: | Daniel A Souers |
| Chairperson: | Bill Fritchman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 123,516,897 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 240,148,307 |
| Unsecured Loans | 96,061,226 |
| Other Loans | 526,076,526 |
| TOTAL LOANS | 862,286,059 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,518,571 |
| Land And Building | 18,700,079 |
| Other Fixed Assets | 1,850,156 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,077,054 |
| All Other Assets | 1,219,504 |
| TOTAL ASSETS | 1,235,543,639 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 36,000,000 |
| Accounts Payable & Other Liabilities | 17,733,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 244,525,161 |
| Regular shares | 387,141,708 |
| All Other Shares & Deposits | 439,327,095 |
| TOTAL SHARES & DEPOSITS | 1,070,993,965 |
| TOTAL LIABILITIES | 1,124,727,326 |
| Regular Reserve | 0 |
| Other Reserves | -15,756,018 |
| Undivided Earnings | 126,572,331 |
| TOTAL EQUITY | 110,816,313 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,235,543,639 |
| INCOME & EXPENSE | |
| Loan Income | 42,696,654 |
| Investment Income | 4,323,258 |
| Other Income | 6,219,671 |
| Total Employee Compensation & Benefits | 15,124,805 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,262,480 |
| Non-operating Income & (Expense) | 584,313 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,193,345 |
| Cost of Funds | 12,866,896 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,312,562 |
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