Sep, 30, 2025 — GULF COAST FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 3 branch locations and about $43.00 million in total assets. Opened 75 years ago in 1951, GULF COAST FEDERAL CREDIT UNION has about 6,872 members and employs 17 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 Spring Hill Ave MOBILE, AL 36604-2713 |
| Phone: | (251) 438-7464 |
| Fax: | (251) 438-2796 |
| Website: | https://www.gulfcoastfcu.org |
| Branches: | 3 branch locations |
| Members: | 6,872 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7520 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,001,081 |
| CEO/Manager: | John O'Brien |
| Chairperson: | Pebbles King |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,156,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,289,256 |
| Unsecured Loans | 1,862,111 |
| Other Loans | 9,304,839 |
| TOTAL LOANS | 18,614,224 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,517 |
| Land And Building | 927,090 |
| Other Fixed Assets | 141,187 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 400,289 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,001,081 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,300 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 257,067 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,665,846 |
| Regular shares | 28,671,813 |
| All Other Shares & Deposits | 4,686,241 |
| TOTAL SHARES & DEPOSITS | 40,023,899 |
| TOTAL LIABILITIES | 40,303,266 |
| Regular Reserve | 0 |
| Other Reserves | -373,186 |
| Undivided Earnings | 3,071,001 |
| TOTAL EQUITY | 2,697,815 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,001,081 |
| INCOME & EXPENSE | |
| Loan Income | 1,027,929 |
| Investment Income | 257,985 |
| Other Income | 517,658 |
| Total Employee Compensation & Benefits | 899,931 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,122,082 |
| Non-operating Income & (Expense) | 211,540 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 192,678 |
| Cost of Funds | 175,424 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -375,003 |
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