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Gulf Coast Credit Union

Overview
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Gulf Coast Credit Union is a federal credit union based in Mobile, Alabama. It has been opened since 1951, for 69 years.

With around $32,610,000 in assets, Gulf Coast Credit Union is considered to be an average size credit union. It has 2 branches and 1 ATM locations.

About
Address 1001 Springhill Avenue
Mobile, Alabama 36604
Website http://www.gulfcoastfcu.org
Phone (251) 438-7464
Fax (251) 438-2796
CEO David Lenoir
President of the Board Marilyn Wood
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
5,217 members
Membership type: Community credit union
Average number of members
360:1
Credit union member to staff ratio
360 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$32,614,424
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 4 in Alabama
Above average number of branches
10.00%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 4 in Alabama
Above average number of branches
Gulf Coast Credit Union Branch Locations

Gulf Coast Credit Union: Computer Marketing Corp
8520 S. Sandy Parkway
Sandy, Utah 84070
No ATM
Gulf Coast Credit Union: Main Office-1001 Springhill
1001 Spring Hill Avenue
Mobile, Alabama 36604
ATM Available
Gulf Coast Credit Union: Branch-4313 Downtowner
4313 Downtowner Loop S.
Mobile, Alabama 36609
No ATM
Members
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5,217 members
Membership type: Community credit union
Average number of members

With 5,217 members, the Gulf Coast Credit Union is considered to be a medium size credit union. It is larger than 58% of credit unions.

Fees
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$97
Average fee per member
The average fee per member at the Gulf Coast Credit Union is $97, which is very high compared to most credit unions. This rate is higher than 83% of all credit unions.
Fees are higher 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 Gulf Coast Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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360:1
Credit union member to staff ratio
360 per each FTE employee
Compared to 411:1 nationally
Average number of staff
14 staff members
FTE (full-time equivalent)
7% of employees are part-time
14 full-time, 1 part-time

Gulf Coast Credit Union has 14 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 93% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Gulf Coast Credit Union has around 360 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$32,614,424
Total assets
Average size
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.
14.2%
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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$7,047
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 77% of credit unions.

Gulf Coast Credit Union holds a total of $14,620,000 in loans and leases, which is about $7,047 per member on average.

Savings interest rate
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10.00%
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. Gulf Coast Credit Union pays 10.00%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.76%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.50%
New car loan rate
Compared to 4.0% nationally
5.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
7.76%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.00%
Other real estate loan rates
Compared to 0.9% nationally
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