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 12/2019, Gulf Winds Credit Union employed 281 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 12/2019, Gulf Winds Credit Union generated $40.8m in total revenue. All expenses for the organization totaled $35.5m during the year ending 12/2019. While expenses have increased by 130.9% per year over the past 2 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 11 individual grants totaling $149,735. 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

2019

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
Q2 Software
Homebanking Provider
$982,371
Fiserv
Debit Card Processor
$816,226
Presidio Networked Solutions
Network Consulting
$700,781
Mad Dog Construction
General Contractor
$992,262
Duncan Mccall Advertising
Advertising
$660,851
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$18,205,210
Investment income $8,385,035
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$177,370
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,811,222

Grants Awarded

Over the last fiscal year, Gulf Winds Credit Union has awarded $149,735 in support to 11 organizations.

Grant RecipientAmount

MANNA FOOD PANTRIES

Org PageRecipient Profile

Pensacola, FL

PURPOSE: CAPITAL CAMPAIGN - NEW FACILITY

$25,000

Atmore, AL

PURPOSE: CAPITAL CAMPAIGN - FACILITY RENOVATION

$25,000

AMERICA'S SECOND HARVEST OF THE BIG BEND

Org PageRecipient Profile

Tallahassee, FL

PURPOSE: DONATIONS TO ANNUAL GENERAL FUND

$18,000

BIG BROTHERS BIG SISTERS OR NORTHWEST FLORIDA

Org PageRecipient Profile

Pensacola, FL

PURPOSE: CAPITAL CAMPAIGN-NEW FACILITY

$15,000

MANNA FOOD PANTRIES

Org PageRecipient Profile

Pensacola, FL

PURPOSE: FILL THE MAYFLOWER - THANKSGIVING EVENT

$15,000

GREAT GULFCOAST ARTS FESTIVA

Org PageRecipient Profile

Pensacola, FL

PURPOSE: EVENT SPONSORSHIP

$12,500
View Grant Profile

Peer Organizations

Organization NameAssets
Georgia's Own Credit Union
Atlanta, GA
$142,869,720
Fairwinds Credit Union
Orlando, FL
$146,664,282
Robins Financial Credit Union
Warner Robins, GA
$144,241,424
State Chartered Credit Unions In Florida
Jonesville, FL
$107,037,570
State Chartered Credit Unions In Florida
Dunedin, FL
$97,809,233
Atlanta Postal Credit Union
Atlanta, GA
$91,838,431
State Chartered Credit Unions In Florida
Jacksonville, FL
$89,946,257
Associated Credit Union
Norcross, GA
$84,842,941
Georgia United Credit Union
Duluth, GA
$78,453,973
Florida Credit Union
Gainesville, FL
$85,476,711
Corporate America Credit Union
Irondale, AL
$80,525,464
Max Credit Union
Montgomery, AL
$74,745,325

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