Gulf Winds Credit Union

Organization Overview

Gulf Winds Credit Union is located in Pensacola, FL. The organization was established in 2019. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Gulf Winds Credit Union employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Winds Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Gulf Winds Credit Union generated $45.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.3% each year . All expenses for the organization totaled $39.3m during the year ending 12/2021. While expenses have increased by 55.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Gulf Winds Credit Union has awarded 35 individual grants totaling $2,604,735. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION OFFERS A SUITE OF FINANCIAL SERVICES TO MEMBERS IN FLORIDA, ALABAMA, AND GEORGIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN EFFORTS TO PROMOTE THRIFT AMONG ITS MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS, AND IRA SAVINGS ACCOUNTS.


TO MEET THE FINANCIAL NEEDS OF ITS MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncua Payment Processing
Payments
$1,204,134
Q2 Software
Online Banking
$1,024,994
Fiserv
Payments
$703,792
Duncan Mccall Advertising
Advertising
$614,920
Jack Henry & Associates Inc
Software
$578,821
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$20,681,189
Investment income $8,834,225
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$72,739
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,342,070

Grants Awarded

Over the last fiscal year, Gulf Winds Credit Union has awarded $2,212,500 in support to 4 organizations.

Grant RecipientAmount

GULF WINDS CARES FOUNDATION

Org PageRecipient Profile

Pensacola, FL

PURPOSE: FUNDING FOR COMMUNITY ORGANIZATIONS

$2,175,000

BIG BROTHERS BIG SISTERS OF NORTHWEST FLORIDA

Org PageRecipient Profile

Pensacola, FL

PURPOSE: DONATION FOR AUCTION - FISHING CAMP

$13,000

GREAT GULFCOAST ARTS FESTIVAL

Org PageRecipient Profile

Pensacola, FL

PURPOSE: MAJOR CORPORATE SPONSOR

$12,500

ADX COMMUNICATIONSCAT COUNTRY 987

PURPOSE: MIRACLE ON PALAFOX 2021

$12,000
View Grant Profile

Peer Organizations

Organization NameAssets
Georgia's Own Credit Union
Atlanta, GA
$147,500,350
Fairwinds Credit Union
Orlando, FL
$164,616,807
Robins Financial Credit Union
Warner Robins, GA
$147,788,018
State Chartered Credit Unions In Florida
Jonesville, FL
$122,435,815
Florida Credit Union
Gainesville, FL
$94,300,981
Atlanta Postal Credit Union
Atlanta, GA
$86,141,254
Georgia United Credit Union
Duluth, GA
$80,835,681
State Chartered Credit Unions In Florida
Dunedin, FL
$95,219,795
State Chartered Credit Unions In Florida
Jacksonville, FL
$94,716,587
Lge Community Credit Union
Atlanta, GA
$81,568,561
Associated Credit Union
Norcross, GA
$74,274,351
Max Credit Union
Montgomery, AL
$76,797,432

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