Civic Intelligence

Gulf Winds Credit Union

EIN 59-6143861 • 501(c)14 • Pensacola, FL

Profile

We're about more than banking. - we care for our team, members, and communies by investing in their success. We believe your journey matters. - we guide members along life's moments and milestones. We provide solutions, not obstacles. - backed by our people, we leverage technology and financial resources to provide a great experience, simply. We create opportunities for a better tomorrow. - our strength provides the path to your dreams.

220 East Nine Mile RoadPensacola, FL 32534

www.gogulfwinds.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.92x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

14.28x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

54th percentile

10%

Higher net margin than 54% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

7.1%

Faster asset growth than 78% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2022 to 2024

Revenue Growth

69th percentile

23%

Faster revenue growth than 69% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2022 to 2024

Assets

Up

$1,188,174,437

Up $81,153,022 (+7.3%) from 2023

Liabilities

Up

$1,099,049,975

Up $68,837,513 (+6.7%) from 2023

Net Assets

Up

$89,124,462

Up $12,315,509 (+16%) from 2023

Revenue

Up

$76,972,087

Up $13,956,228 (+22%) from 2023

Expenses

Up

$69,136,567

Up $13,694,029 (+25%) from 2023

Net Income

Up

$7,835,520

Up $262,199 (+3.5%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2019: $719,554,550Liabilities 2019: $635,482,058Net Assets 2019: $84,072,4922019Assets 2020: $919,701,095Liabilities 2020: $832,718,706Net Assets 2020: $86,982,3892020Assets 2021: $1,014,783,334Liabilities 2021: $925,535,507Net Assets 2021: $89,247,8272021Assets 2022: $1,035,650,446Liabilities 2022: $969,386,011Net Assets 2022: $66,264,4352022Assets 2023: $1,107,021,415Liabilities 2023: $1,030,212,462Net Assets 2023: $76,808,9532023Assets 2024: $1,188,174,437Liabilities 2024: $1,099,049,975Net Assets 2024: $89,124,4622024

Highlighted filing

2024

Assets$1,188,174,437
Liabilities$1,099,049,975
Net Assets$89,124,462

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Revenue 2019: $40,811,222Expenses 2019: $35,457,592Net Income 2019: $5,353,6302019Revenue 2020: $41,997,576Expenses 2020: $39,119,691Net Income 2020: $2,877,8852020Revenue 2021: $45,342,070Expenses 2021: $39,287,810Net Income 2021: $6,054,2602021Revenue 2022: $51,125,321Expenses 2022: $42,641,634Net Income 2022: $8,483,6872022Revenue 2023: $63,015,859Expenses 2023: $55,442,538Net Income 2023: $7,573,3212023Revenue 2024: $76,972,087Expenses 2024: $69,136,567Net Income 2024: $7,835,5202024

Highlighted filing

2024

Revenue$76,972,087
Expenses$69,136,567
Net Income$7,835,520

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$102,656,506
Mission and Program Overview

Mission

The credit union's mission is to enhance members' financial well being by identifying members' financial needs and fulfilling those needs.

The organization offers a suite of financial services to members in florida, alabama, and georgia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$723,783,109$844,923,916▲ $121,140,807
Investments Other Securities$261,651,925$214,805,122▼ $46,846,803
Rtn Earn Endowment Incm Other Fnds$76,808,953$89,124,462▲ $12,315,509
Savings and Temporary Cash Investments$80,592,697$83,302,956▲ $2,710,259
Land, Buildings, and Equipment, Net$15,849,894$17,232,983▲ $1,383,089
Cash and Non-Interest-Bearing Accounts$8,409,352$7,787,318▼ $622,034
Prepaid Expenses and Deferred Charges$4,105,704$5,506,125▲ $1,400,421
Intangible Assets$318,476$106,159▼ $212,317
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,107,021,415$1,188,174,437▲ $81,153,022
Other Assets Total$12,310,258$14,509,858▲ $2,199,600
Liabilities
Other Liabilities$985,663,611$1,062,817,917▲ $77,154,306
Accounts Payable and Accrued Expenses$44,548,851$36,232,058▼ $8,316,793
Total Liabilities$1,030,212,462$1,099,049,975▲ $68,837,513
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,808,953$89,124,462▲ $12,315,509
Total Liabilities and Net Assets / Fund Balance$1,107,021,415$1,188,174,437▲ $81,153,022

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,035,088$22,067,499$38,102,587
Land$1,197,895-$1,197,895
Other Securities$775,100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel SouersCEOFT$373,075$38,834$411,909
Ashley JanskyCheif Administration OfficerFT$320,238$31,590$351,828
Kurt StenersonFormer Evp of Digital InnovationFT$272,175$13,566$285,741
Terry JohnsonEvp of Strategy and PerfoFT$258,152$19,984$278,136
Clay MallardFinancial AdvisorFT$215,766$26,029$241,795
Walter StepnowskiCheif Technology OfficerFT$188,052$25,568$213,620
Scott SlatteryCheif Growth OfficerFT$188,427$24,208$212,635
Jarrell FlandersCOOFT$161,968$31,704$193,672
Stephanie ChaseVP of Risk ManagementFT$154,501$17,240$171,741
Lee Ann AllenRegional VP-$157,667$13,244$170,911
Larry D HayesInterim CFO-$116,879$5,634$122,513

Board Members and Trustees

NameTitle
William FritchmanChairman
A Larry MaltbyDirector
Eric HainesDirector
Gerald EadyDirector
Lynn CrearDirector
Donna LuebbersSecretary
Shelly FountainTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Q2 SoftwareOnline BankingPO BOX 678272, Dallas, TX 75267-8272$1,312,819
FiservPayments Service600 N VEL R PHILLIPS AVE, Milwaukee, WI 53203$1,069,793
Jack Henry & Associates INCSoftware7400 CAHABA VALLEY ROAD, Birmingham, AL 35242$1,040,084
Ncua Payment ProcessingProcessing Service1775 DUKE STREET, Alexandria, VA 22314$928,299
Appleyard AgencyAdvertising4400 BAYOU BLVD SUITE 11, Pensacola, FL 32503$588,667
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$37,473,958
Investment Income
$19,651,217
Other Revenue
$19,846,912
Change in Net Assets
$7,835,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,615,981
Salaries, Compensation, and Employee Benefits$20,394,479
Grants and Similar Amounts Paid$126,107
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$20,243,277
Other Salaries and Wages---$13,616,297
All Other Expenses---$4,711,151
Information Technology---$4,439,809
Other Employee Benefits---$3,462,354
Current Officers, Directors, Trustees, and Key Employees---$1,753,868
Advertising---$1,554,007
Depreciation Depletion---$1,274,598
Payroll Taxes---$1,228,286
Office Expenses---$1,060,319
Fees for Services Other---$911,824
Other Expenses---$862,386
Conferences and Meetings---$533,631
Insurance---$440,458
Occupancy---$339,457
Pension Plan Contributions---$333,674
Travel---$196,368
Grants to Domestic Orgs---$126,107
Fees for Services Accounting---$96,718
Fees for Services Legal---$76,226
Total Functional Expenses$0$0$0$69,136,567
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gulf Winds Cares FoundationPensacola, FL501(c)(3)Funding for Community Organizations$126,107
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$382
Total Exempt Function Spending$382

Section 527 Organizations

OrganizationLocationAmount
94-3458406Tallahassee, FL$382
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$1,062,817,917
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The governing body of gulf winds credit union is owned and controlled by its members and operated for the purpose of promoting thrift and savings to its members. Gulf winds credit union does not have stockholders.

Form 990, Part VI, Section A, Line 7A

The members of gulf winds credit union elect its board of directors at the annual membership meeting. The board of directors is made up of twelve board members and the term for each board member is three years. The nominating committee will nominate members for open board positions or members may place a name on their voting ballot by petition.

Form 990, Part VI, Section A, Line 7B

The following types of decisions are subject to the approval by the credit union's members: dissolution of the credit union, election and termination of board or committee members, expulsion of credit union members, and conversion from state to federal charter.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the ceo and cfo prior to filing.

Form 990, Part VI, Section B, Line 12C

Risk management is responsible for seeing that conflict of interest statements are completed annually, and for investigating and reporting any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

The board of directors approves the ceo's salary. The personnel committee of the board of directors uses "cues" compensation surveys in conjunction with balanced comp data, which provides independent comparable salary data for the deliberation and decision making process. Compensation for other employees is determined by the ceo in accordance with salary administration policy.

Form 990, Part VI, Section C, Line 19

The financial statements are posted at all the branches. Other documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Gulf Winds Credit Union
EIN
59-6143861
Phone
8504799601
Address
220 EAST NINE MILE ROAD, PENSACOLA, FL 32534

Signing Officer

Name
Brad Tanberg
Title
CFO
Phone
8504799601
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Tanberg
Formed
1954
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
309
Volunteers
12

Preparer

Firm
Warren Averett LLC
Address
350 W CEDAR STREET SUITE 400, PENSACOLA, FL 32502
Preparer
Claire C Duren CPA
Phone
8504357400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension liability adjustment 1,736,122.

Form 990, Part XII, Financial Statements and Reporting, Line 2(B)

The credit union receives an annual financial statement audit from independent accountants. However, the audit period is from july 1 to june 30. The most recent audited financials as of december 31, 2024, are for the year ended june 30, 2025.

Form 990, Part XII, Financial Statements and Reporting, Line 2(C)

The credit union has a supervisory committee made up of member volunteers who oversee the audit of the credit union's financial statements and selection of the independent accountants.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FORMER EVP OF DIGITAL INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHEIF ADMINISTRATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EVP OF STRATEGY AND PERFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHEIF GROWTH OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHEIF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14FINANCIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16INTERIM CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17REGIONAL VP
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IRS990/GrantToRelatedPersonInd00
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IRS990/MissionDesc0WE'RE ABOUT MORE THAN BANKING. WE CARE FOR OUR TEAM, MEMBERS, AND COMMUNIES BY INVESTING IN THEIR SUCCESS. WE BELIEVE YOUR JOURNEY MATTERS. WE GUIDE MEMBERS ALONG LIFE'S MOMENTS AND MILESTONES. WE PROVIDE SOLUTIONS, NOT OBSTACLES. BACKED BY OUR PEOPLE, WE LEVERAGE TECHNOLOGY AND FINANCIAL RESOURCES TO PROVIDE A GREAT EXPERIENCE, SIMPLY. WE CREATE OPPORTUNITIES FOR A BETTER TOMORROW. OUR STRENGTH PROVIDES THE PATH TO YOUR DREAMS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-750992
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO MEET THE FINANCIAL NEEDS OF ITS MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt080592697
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt0382
IRS990ScheduleC/PoliticalExpendituresAmt0382
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0943458406
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0LEAGUE OF SOUTHEASTERN CREDIT UNIONS & AFFILIATES
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt0382
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt03692 COOLIDGE COURT
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0TALLAHASSEE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd0323117890
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS & AFFILIATES (LSCU) IS A DIRECT MEMBERSHIP ASSOCIATION REPRESENTING CREDIT UNIONS ACROSS ALABAMA, FLORIDA, GEORGIA, AND VIRGINIA. LSCU IS COMMITTED TO ADVOCATING ON BEHALF OF ITS MEMBER CREDIT UNIONS, PROVIDING EDUCATION, COMPLIANCE SUPPORT, AND BUSINESS SOLUTIONS TO STRENGTHEN THE CREDIT UNION MOVEMENT. THROUGH ITS ADVOCACY EFFORTS, LSCU ENGAGES IN NONPARTISAN POLITICAL ACTIVITIES TO SUPPORT A LEGISLATIVE AND REGULATORY ENVIRONMENT THAT ENABLES CREDIT UNIONS TO GROW AND BETTER SERVE THEIR MEMBERS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6775100

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