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Galveston School Employees Credit Union

Overview
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Galveston School Employees Credit Union is a federal credit union based in Galveston, Texas. It has been opened since 1951, for 69 years.

With around $3,240,000 in assets, Galveston School Employees Credit Union is considered to be a small credit union.

About
Address Po Box 3429
Galveston, Texas 77552
Website http://www.facebook.com
Phone (409) 762-4974
Fax (409) 762-5385
CEO Evelyn R. Gulley
President of the Board Tommie Boudreaux
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
1,185 members
Membership type: Educational
Below average number of members
592:1
Credit union member to staff ratio
592 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$3,235,863
Total assets
Below average
0 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.17%
Savings interest rate
Compared to 0.3% nationally
Branches
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0 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Galveston School Employees Credit Union Branch Locations
Members
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1,185 members
Membership type: Educational
Below average number of members

With 1,185 members, the Galveston School Employees Credit Union is considered to be a small credit union. It is smaller than 78% of credit unions.

Fees
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$10
Average fee per member
The average fee per member at the Galveston School Employees Credit Union is $10, which is very low compared to most credit unions. This rate is lower than 82% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Galveston School Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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592:1
Credit union member to staff ratio
592 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

Galveston School Employees Credit Union has 2 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Galveston School Employees Credit Union has around 592 members per staff, a high ratio compared to other credit unions.

Assets
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$3,235,863
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$4,425
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 92% of credit unions.

Galveston School Employees Credit Union holds a total of $2,240,000 in loans and leases, which is about $4,425 per member on average.

Savings interest rate
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0.17%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Galveston School Employees Credit Union pays 0.17%.

Loan rates
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18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.99%
New car loan rate
Compared to 4.0% nationally
8.95%
Used car loan rate
Compared to 5.2% nationally
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