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Gulf Credit Union

  • Groves, TX
  • Tax-exempt since June 1976
  • EIN: 74-1110172

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$16.9M (2023)

Expenses
$14.6M (2023)

Total Assets
$318M (2023)

Total Liabilities
$295M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,948,632
Expenses
$14,605,125
Net Income
$2,343,507
Net Assets
$22,585,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,800,996
81.4%
Investment Income $1,591,604
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$95,750
Net Inventory Sales $0
Other Revenue $1,651,782
9.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $793,958
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,487,292
30.7%
Assets/Debt
Total Assets $317,965,711
Total Liabilities $295,380,230
Net Assets $22,585,481
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Todd Gaudin (Ceo) $319,145 $0 $12,621
Stephine Adams (Coo) $162,518 $0 $12,288
Linda Kiker Rials (Cfo) $136,482 $0 $15,860
Bambi D Mc Ginn (Chief Information Officer) $128,059 $0 $6,985
Barry Gorman (Vice Chairman) $0 $0 $0
Johnny Lewallen (Chairman) $0 $0 $0
Robert Lovelace (Director) $0 $0 $0
Dustin Marsh (Director) $0 $0 $0
Karen Brown (Director) $0 $0 $0
Logan Delcambre (Secretary/Treas) $0 $0 $0
Joshua Lege (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,218,033
Expenses
$12,024,970
Net Income
$1,193,063
Net Assets
$19,455,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,385,627
> 100%
Investment Income $1,440,322
10.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$138,614
Net Inventory Sales $0
Other Revenue -$2,469,302
Notable Expenses Percent of Total Expenses
Executive Compensation $732,897
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,991,304
33.2%
Assets/Debt
Total Assets $325,190,904
Total Liabilities $305,735,767
Net Assets $19,455,137
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Todd Gaudin (Ceo) $263,496 $0 $10,266
Bambi D Mc Ginn (Cio) $150,846 $0 $9,894
Stephine Adams (Coo) $137,572 $0 $10,215
Linda Kiker Rials (Cfo) $131,282 $0 $19,326
Barry Gorman (Vice Chairman) $0 $0 $0
Johnny Lewallen (Chairman) $0 $0 $0
Robert Lovelace (Director) $0 $0 $0
Dustin Marsh (Director) $0 $0 $0
Karen Brown (Secretary/Treas) $0 $0 $0
Logan Delcambre (Director) $0 $0 $0
Joshua Lege (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 24, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,838,269
Expenses
$9,775,315
Net Income
$6,062,954
Net Assets
$28,377,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,175,866
76.9%
Investment Income $939,713
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $806,355
5.1%
Net Inventory Sales $0
Other Revenue $1,916,335
12.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $801,017
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,525,315
36.1%
Assets/Debt
Total Assets $336,623,302
Total Liabilities $308,245,430
Net Assets $28,377,872
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Pat White Ii (Vp Wealth Mgmt) $229,494 $0 $8,474
Todd Gaudin (Ceo) $216,357 $0 $12,288
Linda Kiker Rials (Cfo) $125,231 $0 $18,190
Stephine Adams (Coo) $118,330 $0 $8,211
Bambi D Mc Ginn (Cio) $61,027 $0 $3,415
Barry Gorman (Vice Chairman) $0 $0 $0
Johnny Lewallen (Chairman) $0 $0 $0
Camille Jones (Director) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Secretary) $0 $0 $0
Libby Arnold (Director) $0 $0 $0
Logan Delcambre (Director) $0 $0 $0
Joshua Lege (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 28, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,154,134
Expenses
$10,747,160
Net Income
$3,406,974
Net Assets
$24,400,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,361,575
87.3%
Investment Income $1,063,116
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $59,633
0.4%
Net Inventory Sales $0
Other Revenue $669,810
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $720,289
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,684,263
34.3%
Assets/Debt
Total Assets $315,708,714
Total Liabilities $291,307,911
Net Assets $24,400,803
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Pat White Ii (Vp Wealth Mgmt) $212,581 $0 $11,394
Todd Gaudin (Ceo) $205,300 $0 $12,358
Stephine Adams (Coo) $129,863 $0 $9,862
Linda Kiker Rials (Cfo) $120,853 $0 $18,078
Barry Gorman (Chairman) $0 $0 $0
Johnny Lewallen (Vice Chairman) $0 $0 $0
Camille Jones (Board Director) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Secretary) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Libby Arnold (Board Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 25, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,232,486
Expenses
$11,254,657
Net Income
$3,977,829
Net Assets
$19,937,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,565,145
82.5%
Investment Income $1,721,788
11.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$70,488
Net Inventory Sales $0
Other Revenue $1,016,041
6.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $746,001
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,482,028
30.9%
Assets/Debt
Total Assets $277,935,079
Total Liabilities $257,997,386
Net Assets $19,937,693
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Pat White Ii (Vp Wealth Mgmt) $245,749 $0 $12,197
Todd Gaudin (Ceo) $183,756 $0 $17,976
Ronald Burkhalter (Former Ceo) $151,932 $0 $9,069
Linda Kiker Rials (Cfo) $149,604 $0 $24,415
Stephine Adams (Coo) $101,972 $0 $10,332
Barry Gorman (Chairman) $0 $0 $0
Johnny Lewallen (Vice Chairman) $0 $0 $0
Camille Jones (Board Director) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Secretary) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Libby Arnold (Board Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 11, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,975,594
Expenses
$12,616,179
Net Income
$3,359,415
Net Assets
$13,310,585
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,417,906
77.7%
Investment Income $2,142,441
13.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$227,893
Net Inventory Sales $0
Other Revenue $1,643,140
10.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $335,575
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,835,255
30.4%
Assets/Debt
Total Assets $278,105,561
Total Liabilities $264,794,976
Net Assets $13,310,585

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,567,212
Expenses
$12,638,235
Net Income
-$71,023
Net Assets
$11,147,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,200,176
89.1%
Investment Income $1,383,903
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$16,867
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $189,546
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,213,292
33.3%
Assets/Debt
Total Assets $309,185,254
Total Liabilities $298,037,456
Net Assets $11,147,798
Compensation
Key Employees and Officers Compensation Related Other
Ronald Burkhalter (Ceo) $184,510 $0 $5,036
Barry Gorman (Chairman) $0 $0 $0
Johnny Lewallen (Board Director) $0 $0 $0
Camille Jones (Board Director) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Secretary) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Libby Arnold (Vice Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 17, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,221,580
Expenses
$12,229,874
Net Income
-$8,294
Net Assets
$11,388,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,047,538
90.4%
Investment Income $943,973
7.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $61,250
0.5%
Net Inventory Sales $0
Other Revenue $168,819
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $187,532
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,078,426
33.3%
Assets/Debt
Total Assets $247,358,627
Total Liabilities $235,969,795
Net Assets $11,388,832
Compensation
Key Employees and Officers Compensation Related Other
Ronald Burkhalter (Ceo) $183,931 $0 $3,601
Barry Gorman (Chairman) $0 $0 $0
Johnny Lewallen (Board Director) $0 $0 $0
Camille Jones (Board Director) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Secretary) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Libby Arnold (Vice Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 20, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,657,646
Expenses
$11,668,288
Net Income
-$1,010,642
Net Assets
$11,713,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,958,368
> 100%
Investment Income $1,080,443
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $42,896
0.4%
Net Inventory Sales $0
Other Revenue -$1,424,061
Notable Expenses Percent of Total Expenses
Executive Compensation $188,249
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,901,205
33.4%
Assets/Debt
Total Assets $237,455,290
Total Liabilities $225,741,744
Net Assets $11,713,546
Compensation
Key Employees and Officers Compensation Related Other
Ronald Burkhalter (Ceo) $182,428 $0 $5,821
Barry Gorman (Chairman) $0 $0 $0
Johnny Lewallen (Board Director) $0 $0 $0
Camille Jones (Board Director) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Secretary) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Harold Guilbeau (Board Director) $0 $0 $0
Sue Guilbeau (Board Director) $0 $0 $0
Libby Arnold (Vice Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 29, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,685,018
Expenses
$11,060,856
Net Income
$624,162
Net Assets
$13,138,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,688,188
91.5%
Investment Income $1,085,525
9.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $195,476
1.7%
Net Inventory Sales $0
Other Revenue -$284,171
Notable Expenses Percent of Total Expenses
Executive Compensation $171,189
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,939,217
35.6%
Assets/Debt
Total Assets $230,537,889
Total Liabilities $217,399,880
Net Assets $13,138,009
Compensation
Key Employees and Officers Compensation Related Other
Ronald Burkhalter (Ceo) $165,877 $0 $5,312
Barry Gorman (Board Director) $0 $0 $0
Johnny Lewallen (Chairman) $0 $0 $0
Camille Jones (Secretary) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Board Director) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Harold Guilbeau (Board Director) $0 $0 $0
Sue Guilbeau (Board Director) $0 $0 $0
Libby Arnold (Vice Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 6, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,988,613
Expenses
$12,832,549
Net Income
$3,156,064
Net Assets
$11,367,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,025,266
75.2%
Investment Income $706,828
4.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $756,880
4.7%
Net Inventory Sales $0
Other Revenue $2,499,639
15.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $170,683
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,079,669
31.8%
Assets/Debt
Total Assets $220,736,384
Total Liabilities $209,368,521
Net Assets $11,367,863
Compensation
Key Employees and Officers Compensation Related Other
Ronald Burkhalter (Ceo) $165,499 $0 $5,184
Barry Gorman (Chairman) $0 $0 $0
Johnny Lewallen (Chairman) $0 $0 $0
Camille Jones (Secretary) $0 $0 $0
Robert Adams (Treasurer) $0 $0 $0
Karen Brown (Board Director) $0 $0 $0
Carl Duplantis (Board Director) $0 $0 $0
Harold Guilbeau (Board Director) $0 $0 $0
Sue Guilbeau (Board Director) $0 $0 $0
Libby Arnold (Vice Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 29, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,945,863
Expenses
$12,918,084
Net Income
$27,779
Net Assets
$10,138,335
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,257,872
94.7%
Investment Income $417,457
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $90,857
0.7%
Net Inventory Sales $0
Other Revenue $179,677
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $163,015
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,880,960
30.0%
Assets/Debt
Total Assets $218,101,087
Total Liabilities $207,962,752
Net Assets $10,138,335

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,653,434
Expenses
$13,179,778
Net Income
-$2,526,344
Net Assets
$10,228,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,188,213
> 100%
Investment Income $525,666
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,160
Net Inventory Sales $0
Other Revenue -$3,056,285
Notable Expenses Percent of Total Expenses
Executive Compensation $158,348
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,445,307
26.1%
Assets/Debt
Total Assets $215,814,783
Total Liabilities $205,586,300
Net Assets $10,228,483

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated