GULF CREDIT UNION
5140 West Parkway St, Groves, TX 776192920 www.gecu.org

Total Revenue
$15,232,486
Total Expenses
$11,254,657
Net Assets
$19,937,693

Organizations Filed Purposes: 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.

Gulf Credit Union offers share (savings) accounts with advantages to members of all ages. The credit union had 28,967 member-owned accounts as of December 31, 2019. Member savings accounts pay dividends quarterly and offer access via multiple avenues such as home banking, the Internet, and phone banking.

Gulf Credit Union provides free share draft (checking) accounts to all members, business accounts, and limited free checks to senior citizens. The credit union had 15,407 share draft accounts as of December 31, 2019. 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.

Gulf 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 4,225 consumer loans as of December 31, 2019.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
John Pat White IiVP Wealth Mgmt40$245,749
Todd GaudinCEO40$183,756
Ronald BurkhalterFormer CEO40$151,932
Linda Kiker RialsCFO40$149,604
Stephine AdamsCOO40$101,972
Libby ArnoldBoard Director0.85$0
Carl DuplantisBoard Director0.85$0
Karen BrownSecretary0.85$0
Robert AdamsTreasurer0.85$0
Camille JonesBoard Director0.85$0
Johnny LewallenVice Chairman0.85$0
Barry GormanChairman0.85$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202002249349300230_public.xml