Civic Intelligence

Gulf Credit Union

990 • Fiscal year 2021 • EIN 74-1110172

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 28, 2022

Organization Profilewww.gecu.org

View Organization Page

5140 West Parkway StGroves, TX 77619

(409) 963-1191

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.92x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

19.46x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Net Margin

98th percentile

38%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

12th percentile

$237,968

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Asset Growth

15th percentile

6.6%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

12%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$336,623,302

Up $20,914,588 (+6.6%) from 2020

Net Assets

Up

$28,377,872

Up $3,977,069 (+16%) from 2020

Liabilities

Up

$308,245,430

Up $16,937,519 (+5.8%) from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin98th percentile

Revenue

Up

$15,838,269

Up $1,684,135 (+12%) from 2020

Expenses

Down

$9,775,315

Down $971,845 (-9.0%) from 2020

Net Income

Up

$6,062,954

Up $2,655,980 (+78%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $225,945,337Liabilities 2010: $213,329,596Net Assets 2010: $12,615,7412010Assets 2011: $215,814,783Liabilities 2011: $205,586,300Net Assets 2011: $10,228,4832011Assets 2012: $218,101,087Liabilities 2012: $207,962,752Net Assets 2012: $10,138,3352012Assets 2013: $220,736,384Liabilities 2013: $209,368,521Net Assets 2013: $11,367,8632013Assets 2014: $230,537,889Liabilities 2014: $217,399,880Net Assets 2014: $13,138,0092014Assets 2015: $237,455,290Liabilities 2015: $225,741,744Net Assets 2015: $11,713,5462015Assets 2016: $247,358,627Liabilities 2016: $235,969,795Net Assets 2016: $11,388,8322016Assets 2017: $309,185,254Liabilities 2017: $298,037,456Net Assets 2017: $11,147,7982017Assets 2018: $278,105,561Liabilities 2018: $264,794,976Net Assets 2018: $13,310,5852018Assets 2019: $277,935,079Liabilities 2019: $257,997,386Net Assets 2019: $19,937,6932019Assets 2020: $315,708,714Liabilities 2020: $291,307,911Net Assets 2020: $24,400,8032020Assets 2021: $336,623,302Liabilities 2021: $308,245,430Net Assets 2021: $28,377,8722021Assets 2022: $325,190,904Liabilities 2022: $305,735,767Net Assets 2022: $19,455,1372022Assets 2023: $317,965,711Liabilities 2023: $295,380,230Net Assets 2023: $22,585,4812023Assets 2024: $312,762,443Liabilities 2024: $285,955,200Net Assets 2024: $26,807,2432024

Highlighted filing

2021

Assets$336,623,302
Liabilities$308,245,430
Net Assets$28,377,872
Open 2021 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $14,698,5592010Expenses 2011: $13,179,7782011Expenses 2012: $12,918,0842012Revenue 2013: $15,988,613Expenses 2013: $12,832,549Net Income 2013: $3,156,0642013Revenue 2014: $11,685,018Expenses 2014: $11,060,856Net Income 2014: $624,1622014Revenue 2015: $10,657,646Expenses 2015: $11,668,288Net Income 2015: -$1,010,6422015Revenue 2016: $12,221,580Expenses 2016: $12,229,874Net Income 2016: -$8,2942016Revenue 2017: $12,567,212Expenses 2017: $12,638,235Net Income 2017: -$71,0232017Revenue 2018: $15,975,594Expenses 2018: $12,616,179Net Income 2018: $3,359,4152018Revenue 2019: $15,232,486Expenses 2019: $11,254,657Net Income 2019: $3,977,8292019Revenue 2020: $14,154,134Expenses 2020: $10,747,160Net Income 2020: $3,406,9742020Revenue 2021: $15,838,269Expenses 2021: $9,775,315Net Income 2021: $6,062,9542021Revenue 2022: $13,218,033Expenses 2022: $12,024,970Net Income 2022: $1,193,0632022Revenue 2023: $16,948,632Expenses 2023: $14,605,125Net Income 2023: $2,343,5072023Revenue 2024: $13,985,984Expenses 2024: $12,795,695Net Income 2024: $1,190,2892024

Highlighted filing

2021

Revenue$15,838,269
Expenses$9,775,315
Net Income$6,062,954
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 28, 2022
Return Version
2021v4.0
Gross Receipts
$35,878,635
Mission and Program Overview

Mission

Voluntary, cooperative, non-profit savings institution (credit union) incorporated under the provisions of the Texas Credit Union Act, for the purpose of encouraging thrift among our members, providing credit at a fair and reasonable rate of interest and providing an opportunity to improve our member's economic condition.

Cooperative, nonprofit financial institution providing credit union financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$155,763,754$148,425,198▼ $7,338,556
Savings and Temporary Cash Investments$65,674,836$93,440,466▲ $27,765,630
Cash and Non-Interest-Bearing Accounts$62,361,992$59,858,071▼ $2,503,921
Rtn Earn Endowment Incm Other Fnds$24,400,803$28,377,872▲ $3,977,069
Prepaid Expenses and Deferred Charges$16,504,241$19,827,883▲ $3,323,642
Land, Buildings, and Equipment, Net$4,608,434$4,421,531▼ $186,903
Receivables From Officers Etc$1,542,548$1,609,734▲ $67,186
Accounts Receivable$648,903$633,477▼ $15,426
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$315,708,714$336,623,302▲ $20,914,588
Other Assets Total$8,604,006$8,406,942▼ $197,064
Liabilities
Other Liabilities$289,587,218$307,390,312▲ $17,803,094
Accounts Payable and Accrued Expenses$1,720,693$855,118▼ $865,575
Total Liabilities$291,307,911$308,245,430▲ $16,937,519
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,400,803$28,377,872▲ $3,977,069
Total Liabilities and Net Assets / Fund Balance$315,708,714$336,623,302▲ $20,914,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,177,017$4,394,067$6,571,084
Other Land Buildings$744,791$1,892,535$2,637,326
Land$1,499,723-$1,499,723
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Pat White IIVP Wealth MgmtFT$229,494$8,474$237,968
Todd GaudinCEOFT$216,357$12,288$228,645
Linda Kiker RialsCFOFT$125,231$18,190$143,421
Stephine AdamsCOOFT$118,330$8,211$126,541
Bambi D McGinnCIOFT$61,027$3,415$64,442

Board Members and Trustees

NameTitle
Johnny LewallenChairman
Barry GormanVice Chairman
Camille JonesDirector
Joshua LegeDirector
Libby ArnoldDirector
Logan DelcambreDirector
Karen BrownSecretary
Robert AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,175,866
Investment Income
$1,746,068
Other Revenue
$1,916,335
Change in Net Assets
$6,062,954

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,838,269
Total Revenue per Audited Statements
$15,838,269
Total Revenue per Form 990
$15,838,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,778,661
Salaries, Compensation, and Employee Benefits$3,996,654
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,525,315
Fees for Services Other---$1,288,936
Current Officers, Directors, Trustees, and Key Employees---$801,017
Office Expenses---$764,056
Interest---$607,334
Depreciation Depletion---$561,332
Occupancy---$536,111
Payroll Taxes---$321,063
Advertising---$317,368
Insurance---$149,496
Pension Plan Contributions---$125,121
Other Expenses---$66,368
Fees for Services Accounting---$63,640
Fees for Service Investment Mgmnt Fees---$54,723
Fees for Services Legal---$26,951
Travel---$25,446
Other Employee Benefits---$-775,862
Total Functional Expenses$0$0$0$9,775,315

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,775,315
Total Expenses per Audited Statements$9,775,315
Total Expenses per Form 990$9,775,315
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,542,548$1,609,734▲ $67,186
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member share accounts$306,819,338
Drafts Payable$565,200
Dividends Payable$5,774
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of the Form 990 is provided to each member of Gulf Credit Union's Board of Directors.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Gulf Credit Union makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gulf Credit Union
EIN
74-1110172
Phone
4099631191
Address
5140 West Parkway St, Groves, TX 77619

Signing Officer

Name
Todd Gaudin
Title
CEO
Signed
2022-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
1939
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
91

Preparer

Firm
Wathen DeShong & Juncker LLP
Address
4140 Gladys Avenue Suite 101, Beaumont, TX 77706
Preparer
Pat O'Neill
Phone
4098381605
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IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt0149496
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0607334
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0939713
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0939713
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt04472
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06286602
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04608434
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04421531
IRS990/LandBldgEquipCostOrOtherBssAmt010708133
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt020040366
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Voluntary, cooperative, non-profit savings institution (credit union) incorporated under the provisions of the Texas Credit Union Act, for the purpose of encouraging thrift among our members, providing credit at a fair and reasonable rate of interest and providing an opportunity to improve our member's economic condition.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt024400803
IRS990/NetAssetsOrFundBalancesEOYAmt028377872
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0806355
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0806355
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt011064
IRS990/NetUnrlzdGainsLossesInvstAmt0-2085885
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0536111
IRS990/OfficeExpensesGrp/TotalAmt0764056
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08604006
IRS990/OtherAssetsTotalGrp/EOYAmt08406942
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0-775862
IRS990/OtherExpensesGrp/Desc0Other Expenses
IRS990/OtherExpensesGrp/Desc1Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/TotalAmt0966421
IRS990/OtherExpensesGrp/TotalAmt1246490
IRS990/OtherExpensesGrp/TotalAmt2103989
IRS990/OtherExpensesGrp/TotalAmt366368
IRS990/OtherLiabilitiesGrp/BOYAmt0289587218
IRS990/OtherLiabilitiesGrp/EOYAmt0307390312
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Prior Serv Pension Costs
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01916335
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01916335
IRS990/OtherRevenueTotalAmt01916335
IRS990/OtherSalariesAndWagesGrp/TotalAmt03525315
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0155763754
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0148425198
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0321063
IRS990/PensionPlanContributionsGrp/TotalAmt0125121
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016504241
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019827883
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc1Interest fees on loans
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05235826
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16785046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05390820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16785046
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0154994
IRS990/ProgSrvcAccomActy2Grp/Desc0Gulf Credit Union provides free share draft (checking) accounts to all members, business accounts, and limited free checks to senior citizens. The credit union had 15,544 share draft accounts as of December 31, 2021. Dividends are paid on these accounts monthly. Additionally, the credit union extends the reach of these accounts to all members with free debit and ATM cards, Internet account access, and the use of the automated phone teller.
IRS990/ProgSrvcAccomActy3Grp/Desc0Gulf Credit Union provides vehicle and other consumer loans. The consumer loan product line includes efficient underwriting and flexible offerings for recreational vehicles, boats, and motorcycles. Consumer credit life and disability insurance is available on any of these loan types. The credit union carried 8,906 consumer loans as of December 31, 2021.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01122749
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06461489
IRS990/PYOtherRevenueAmt0669810
IRS990/PYProgramServiceRevenueAmt012361575
IRS990/PYRevenuesLessExpensesAmt03406974
IRS990/PYSalariesCompEmpBnftPaidAmt04285671
IRS990/PYTotalExpensesAmt010747160
IRS990/PYTotalRevenueAmt014154134
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01542548
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01609734
IRS990/ReconcilationRevenueExpnssAmt06062954
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024400803
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028377872
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065674836
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093440466
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02177017
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04394067
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06571084
IRS990ScheduleD/ExpensesSubtotalAmt09775315
IRS990ScheduleD/LandGrp/BookValueAmt01499723
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01499723
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0744791
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01892535
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02637326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1565200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2306819338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Dividends Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Drafts Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Member share accounts
IRS990ScheduleD/RevenueSubtotalAmt015838269
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04421531
IRS990ScheduleD/TotalExpensesPerForm990Amt09775315
IRS990ScheduleD/TotalLiabilityAmt0307390312
IRS990ScheduleD/TotalRevenuePerForm990Amt015838269
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015838269
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09775315
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0229494
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1216357
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15405
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt01543
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt16883
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Pat White II
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Todd Gaudin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP Wealth Mgmt
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0237968
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1228645
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01609734
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Ins. Policy
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01600000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Ronald Burkhalter
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Former CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt01609734
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 is provided to each member of Gulf Credit Union's Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Gulf Credit Union makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0315708714
IRS990/TotalAssetsEOYAmt0336623302
IRS990/TotalAssetsGrp/BOYAmt0315708714
IRS990/TotalAssetsGrp/EOYAmt0336623302
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$336,623,302
Liabilities
$308,245,430
Net assets
$28,377,872
Revenue
$15,838,269
Expenses
$9,775,315
Net income
$6,062,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$313$286$26.8$14.0$12.8$1.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$318$295$22.6$16.9$14.6$2.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$325$306$19.5$13.2$12.0$1.19
2021Detailed filing. Detailed filing data is available for this year.$337$308$28.4$15.8$9.78$6.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$316$291$24.4$14.2$10.7$3.41
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$278$258$19.9$15.2$11.3$3.98
2018Summary only. Only limited summary data is available for this year.$278$265$13.3$16.0$12.6$3.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$309$298$11.1$12.6$12.6$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$247$236$11.4$12.2$12.2$0.01
2015Detailed filing. Detailed filing data is available for this year.$237$226$11.7$10.7$11.7$1.01
2014Detailed filing. Detailed filing data is available for this year.$231$217$13.1$11.7$11.1$0.62
2013Detailed filing. Detailed filing data is available for this year.$221$209$11.4$16.0$12.8$3.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$218$208$10.1$12.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$216$206$10.2$13.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$213$12.6$14.7