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Employer Identification Number 74-1110172

GULF CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:GULF CREDIT UNION
Employer identification number (EIN):74-1110172
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration GULF CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementCooperative, nonprofit financial institution providing credit union financial services.
Number of Employees103
Number of Volunteers9
Year Formed1939

Organization Governance

Legal DomicileTX
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 149,774
Net unrelated business incomeUSD $ 4,811
Program Service Revenue from prior yearUSD $ 12,175,866
Program Service Revenue from current yearUSD $ 14,385,627
Investment Income from prior yearUSD $ 1,746,068
Investment Income from current yearUSD $ 1,301,708
Other Revenue from prior yearUSD $ 1,916,335
Other Revenue from current yearUSD $ -2,469,302
Gross receipts from all sourcesUSD $ 13,496,282
Net assets / fund balances at end of fiscal yearUSD $ 19,455,137
Net assets / fund balances at beginning of fiscal yearUSD $ 28,377,872
Total liabilities at end of fiscal yearUSD $ 305,735,767
Total liabilities at beginning of fiscal yearUSD $ 308,245,430
Total assets at end of fiscal yearUSD $ 325,190,904
Total assets at beginning of fiscal yearUSD $ 336,623,302
Revenues less expenses for current yearUSD $ 1,193,063
Revenues less expenses for previous yearUSD $ 6,062,954
Total expenses for current yearUSD $ 12,024,970
Total expenses for previous yearUSD $ 9,775,315
Other expenses in current yearUSD $ 7,283,778
Other expenses in previous yearUSD $ 5,778,661
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,741,192
Employee salary and benefits paid in previous yearUSD $ 3,996,654
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 13,218,033
Total revenue in previous fiscal yearUSD $ 15,838,269
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ -2,469,302
2021-12-31
Total unrelated business incomeUSD $ 154,994
Net unrelated business incomeUSD $ 11,064
Program Service Revenue from prior yearUSD $ 12,361,575
Program Service Revenue from current yearUSD $ 12,175,866
Investment Income from prior yearUSD $ 1,122,749
Investment Income from current yearUSD $ 1,746,068
Other Revenue from prior yearUSD $ 669,810
Other Revenue from current yearUSD $ 1,916,335
Gross receipts from all sourcesUSD $ 35,878,635
Net assets / fund balances at end of fiscal yearUSD $ 28,377,872
Net assets / fund balances at beginning of fiscal yearUSD $ 24,400,803
Total liabilities at end of fiscal yearUSD $ 308,245,430
Total liabilities at beginning of fiscal yearUSD $ 291,307,911
Total assets at end of fiscal yearUSD $ 336,623,302
Total assets at beginning of fiscal yearUSD $ 315,708,714
Revenues less expenses for current yearUSD $ 6,062,954
Revenues less expenses for previous yearUSD $ 3,406,974
Total expenses for current yearUSD $ 9,775,315
Total expenses for previous yearUSD $ 10,747,160
Other expenses in current yearUSD $ 5,778,661
Other expenses in previous yearUSD $ 6,461,489
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,996,654
Employee salary and benefits paid in previous yearUSD $ 4,285,671
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,838,269
Total revenue in previous fiscal yearUSD $ 14,154,134
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,916,335
2020-12-31
Total unrelated business incomeUSD $ 97,164
Net unrelated business incomeUSD $ 11,373
Program Service Revenue from prior yearUSD $ 12,565,145
Program Service Revenue from current yearUSD $ 12,361,575
Investment Income from prior yearUSD $ 1,651,300
Investment Income from current yearUSD $ 1,122,749
Other Revenue from prior yearUSD $ 1,016,041
Other Revenue from current yearUSD $ 669,810
Gross receipts from all sourcesUSD $ 14,403,134
Net assets / fund balances at end of fiscal yearUSD $ 24,400,803
Net assets / fund balances at beginning of fiscal yearUSD $ 19,937,693
Total liabilities at end of fiscal yearUSD $ 291,307,911
Total liabilities at beginning of fiscal yearUSD $ 257,997,386
Total assets at end of fiscal yearUSD $ 315,708,714
Total assets at beginning of fiscal yearUSD $ 277,935,079
Revenues less expenses for current yearUSD $ 3,406,974
Revenues less expenses for previous yearUSD $ 3,977,829
Total expenses for current yearUSD $ 10,747,160
Total expenses for previous yearUSD $ 11,254,657
Other expenses in current yearUSD $ 6,461,489
Other expenses in previous yearUSD $ 6,741,766
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,285,671
Employee salary and benefits paid in previous yearUSD $ 4,512,891
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 14,154,134
Total revenue in previous fiscal yearUSD $ 15,232,486
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 669,810
2019-12-31
Total unrelated business incomeUSD $ 97,496
Net unrelated business incomeUSD $ 12,776
Program Service Revenue from prior yearUSD $ 12,417,906
Program Service Revenue from current yearUSD $ 12,565,145
Investment Income from prior yearUSD $ 1,914,548
Investment Income from current yearUSD $ 1,651,300
Other Revenue from prior yearUSD $ 1,643,140
Other Revenue from current yearUSD $ 1,016,041
Gross receipts from all sourcesUSD $ 24,252,412
Net assets / fund balances at end of fiscal yearUSD $ 19,937,693
Net assets / fund balances at beginning of fiscal yearUSD $ 13,310,585
Total liabilities at end of fiscal yearUSD $ 257,997,386
Total liabilities at beginning of fiscal yearUSD $ 264,794,976
Total assets at end of fiscal yearUSD $ 277,935,079
Total assets at beginning of fiscal yearUSD $ 278,105,561
Revenues less expenses for current yearUSD $ 3,977,829
Revenues less expenses for previous yearUSD $ 3,359,415
Total expenses for current yearUSD $ 11,254,657
Total expenses for previous yearUSD $ 12,616,179
Other expenses in current yearUSD $ 6,741,766
Other expenses in previous yearUSD $ 6,860,190
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,512,891
Employee salary and benefits paid in previous yearUSD $ 5,755,989
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 15,232,486
Total revenue in previous fiscal yearUSD $ 15,975,594
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,016,041
2017-12-31
Total unrelated business incomeUSD $ 98,436
Net unrelated business incomeUSD $ 19,663
Program Service Revenue from prior yearUSD $ 11,047,538
Program Service Revenue from current yearUSD $ 11,200,176
Investment Income from prior yearUSD $ 1,005,223
Investment Income from current yearUSD $ 1,367,036
Other Revenue from prior yearUSD $ 168,819
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 29,135,353
Net assets / fund balances at end of fiscal yearUSD $ 11,147,798
Net assets / fund balances at beginning of fiscal yearUSD $ 11,388,832
Total liabilities at end of fiscal yearUSD $ 298,037,456
Total liabilities at beginning of fiscal yearUSD $ 235,969,795
Total assets at end of fiscal yearUSD $ 309,185,254
Total assets at beginning of fiscal yearUSD $ 247,358,627
Revenues less expenses for current yearUSD $ -71,023
Revenues less expenses for previous yearUSD $ -8,294
Total expenses for current yearUSD $ 12,638,235
Total expenses for previous yearUSD $ 12,229,874
Other expenses in current yearUSD $ 6,978,878
Other expenses in previous yearUSD $ 6,663,769
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,659,357
Employee salary and benefits paid in previous yearUSD $ 5,566,105
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 12,567,212
Total revenue in previous fiscal yearUSD $ 12,221,580
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 90,684
Net unrelated business incomeUSD $ 12,238
Program Service Revenue from prior yearUSD $ 10,958,368
Program Service Revenue from current yearUSD $ 11,047,538
Investment Income from prior yearUSD $ 1,123,339
Investment Income from current yearUSD $ 1,005,223
Other Revenue from prior yearUSD $ -1,424,061
Other Revenue from current yearUSD $ 168,819
Gross receipts from all sourcesUSD $ 45,889,945
Net assets / fund balances at end of fiscal yearUSD $ 11,388,832
Net assets / fund balances at beginning of fiscal yearUSD $ 11,713,546
Total liabilities at end of fiscal yearUSD $ 235,969,795
Total liabilities at beginning of fiscal yearUSD $ 225,741,744
Total assets at end of fiscal yearUSD $ 247,358,627
Total assets at beginning of fiscal yearUSD $ 237,455,290
Revenues less expenses for current yearUSD $ -8,294
Revenues less expenses for previous yearUSD $ -1,010,642
Total expenses for current yearUSD $ 12,229,874
Total expenses for previous yearUSD $ 11,668,288
Other expenses in current yearUSD $ 6,663,769
Other expenses in previous yearUSD $ 6,612,187
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,566,105
Employee salary and benefits paid in previous yearUSD $ 5,056,101
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 12,221,580
Total revenue in previous fiscal yearUSD $ 10,657,646
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 168,819
2015-12-31
Total unrelated business incomeUSD $ 88,754
Net unrelated business incomeUSD $ 12,526
Program Service Revenue from prior yearUSD $ 10,688,188
Program Service Revenue from current yearUSD $ 10,958,368
Investment Income from prior yearUSD $ 1,281,001
Investment Income from current yearUSD $ 1,123,339
Other Revenue from prior yearUSD $ -284,171
Other Revenue from current yearUSD $ -1,424,061
Gross receipts from all sourcesUSD $ 28,293,498
Net assets / fund balances at end of fiscal yearUSD $ 11,713,546
Net assets / fund balances at beginning of fiscal yearUSD $ 13,138,009
Total liabilities at end of fiscal yearUSD $ 225,741,744
Total liabilities at beginning of fiscal yearUSD $ 217,399,880
Total assets at end of fiscal yearUSD $ 237,455,290
Total assets at beginning of fiscal yearUSD $ 230,537,889
Revenues less expenses for current yearUSD $ -1,010,642
Revenues less expenses for previous yearUSD $ 624,162
Total expenses for current yearUSD $ 11,668,288
Total expenses for previous yearUSD $ 11,060,856
Other expenses in current yearUSD $ 6,612,187
Other expenses in previous yearUSD $ 6,052,454
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,056,101
Employee salary and benefits paid in previous yearUSD $ 5,008,402
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 10,657,646
Total revenue in previous fiscal yearUSD $ 11,685,018
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ -1,424,061

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 741110172

USA Location Address
5140 WEST PARKWAY
GROVES
TX
77619
Date first seen: 2007-07-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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