Overview
What is Gulf Credit Union?
Gulf Credit Union is a cooperative, nonprofit financial institution based in Groves, Texas, with an address at 5140 West Parkway St, ZIP code 77619. They had 27,309 member-owned accounts as of the end of 2022. The credit union offers savings accounts, providing dividends quarterly and access through home banking, the Internet, and phone banking. Gulf Credit Union aims to encourage savings among its members, offering credit at fair rates, and striving to improve their economic conditions. The organization operates with a team of 89 employees.
Official website here: www.gecu.org
Is Gulf Credit Union legitimate?
Gulf Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gulf Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $732,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,991,304
For more financial information, click here
Official website here: www.gecu.org
What is the mission statement of Gulf Credit Union?
Gulf Credit Union functions as a cooperative, non-profit financial institution, operating under the Texas Credit Union Act. Its mission is geared towards encouraging savings among its members, offering credit at reasonable rates, and enhancing members' economic conditions. The credit union is a voluntary savings institution, aiming to benefit its members through quarterly dividends on share accounts, accessible through various channels including home banking, the internet, and phone banking. The credit union had over 27,000 member-owned accounts as of the end of 2022.
Official website here: www.gecu.org
Who is the CEO of Gulf Credit Union?
Todd Gaudin is the Ceo of Gulf Credit Union. The CEO's salary of Gulf Credit Union is $263,496 and their total compensation is $273,762.
Official website here: www.gecu.org
What is the revenue of Gulf Credit Union?
Who are the executives of Gulf Credit Union and what are their salaries?
The average compensation at Gulf Credit Union during 2022 was $53,081. There are 89 employees at Gulf Credit Union.
Here are 11 key members and their salaries (Gulf Credit Union's CEO's salary is $263,496 and their total compensation is $273,762):
- Todd Gaudin (Ceo)
- Bambi D Mcginn (Cio)
- Linda Kiker Rials (Cfo)
- Stephine Adams (Coo)
- Barry Gorman (Vice Chairman) [Trustee/Director]
- Johnny Lewallen (Chairman) [Trustee/Director]
- Robert Lovelace (Director)
- Dustin Marsh (Director)
- Karen Brown (Secretary/Treas) [Trustee/Director]
- Logan Delcambre (Director)
- Joshua Lege (Director)
Official website here: www.gecu.org
Where can I find the form 990 for Gulf Credit Union?
The Gulf Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.gecu.org
Learn more at the official website: www.gecu.org
Mission Statement of Gulf Credit Union
Gulf Credit Union, a cooperative and non-profit financial institution, is dedicated to encouraging savings among its members and offering them credit at fair and reasonable interest rates. By doing so, the credit union aims to help its members enhance their economic conditions. Established under the provisions of the Texas Credit Union Act, Gulf Credit Union operates as a savings institution with a volunteer-driven board and a mission to promote financial stability among its members.
The credit union's core purpose is to foster thrift within its community of members. By providing a safe and secure place for members to save their money, Gulf Credit Union enables them to build a financial foundation for the future. Additionally, the credit union offers credit services, extending loans to its members at favorable terms. This dual emphasis on savings and credit makes Gulf Credit Union an essential resource for individuals seeking to improve their financial situation.
With over 27,000 member-owned accounts, Gulf Credit Union has become a trusted financial partner for individuals of all ages. Members can access their savings accounts through various channels, including home banking, the Internet, and phone banking. The credit union returns dividends on member savings accounts on a quarterly basis, incentivizing members to save and contribute to the cooperative. Overall, Gulf Credit Union's mission is to empower its members by providing them with the tools and resources to build a stronger financial future.
Impact
This information is meant to be a general summary of Gulf Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Gulf Credit Union's impact lies in providing cooperative, nonprofit financial services to its members. With over 27,000 member-owned accounts, Gulf Credit Union plays a vital role in encouraging thrift among its members, providing fair and reasonable interest rates on credit, and offering opportunities to improve members' economic conditions. By offering share accounts with various advantages and convenient access through multiple avenues such as home banking, the Internet, and phone banking, Gulf Credit Union contributes to the financial well-being of individuals and families in Groves, TX, and beyond.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Charges
Revenue
$6,740,100
Interest fees on loans
Revenue
$7,645,527
Organization Details
Founding Year
1939
Phone
(409) 963-1191
Principal Officer
Todd Gaudin
Main Address
5140 West Parkway St, Groves, TX, 77619
Website
www.gecu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Gulf Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.