Products and Services

Savings Accounts

Regular Savings

This is your membership account. A $25.00 minimum balance is required to remain a member in good standing, and to be eligible for our products and services. Dividends are compounded and paid on a quarterly basis.

Cash Management Account

This account offers more flexibility than other investments. It offers a high yield plus quick access to your funds. Dividends are compounded and paid on a quarterly basis.

Share Certificates

To meet our members long-range goals, Gulf Credit Union offers several different certificates. Terms are available from 6 to 24 months. Interest is paid monthly and can be compounded in the CD, deposited into another credit union account, or mailed to you by check.

Christmas Club Account

Be prepared for the holiday season by opening a Christmas Club Account. The Christmas Club Account is very flexible in three ways. First, you may open your Christmas Club anytime during the year. Secondly, you can contribute by having funds deducted from your payroll check. Lastly, there is no minimum amount to open the account. Interest is paid quarterly and your check is deposited in November.

Individual Retirement Accounts (IRAs)

You're never to young to start thinking about retirement. That's why we offer IRA Club Accounts and IRA Certificates of Deposits to suit your retirement plans. A minimum of $100.00 is required to open an IRA. Interest is compounded and paid on a quarterly basis. Our IRA flexibility continues with three very different IRA plans to help you save for your retirement. Here are some of the main features of the Traditional, Roth, and Educational IRAs.

Traditional IRA

• Tax-deferred until withdrawal;
• Contributions may be tax-deductible; and
• Mandatory distributions at 70-1/2 years of age.

Roth IRA


• Not tax-deductible;
• Certain withdrawals are tax-free after a five-year holding period; and
• Not subject to mandatory distribution.

Educational IRA


• Allows you to save for a child's higher education expenses (if child is under 18);
• Not tax-deductible; and
• Tax-free, penalty-free distributions for qualified higher education expenses.

Children's Savings Club

Gulf Credit Union has a club designed just for kids ages 12 and under. Our Kids Club teaches kids how to save and have fun while they learn to save money.

Checking Accounts

Share Draft Account

Gulf Credit Union offers a checking account that requires $50.00 to open, with dividends that are compounded and paid on a quarterly basis. To qualify for a dividend, you must maintain a minimum daily balance of $500.00 in your account.

Senior Draft Account

For our senior citizens that are age 55 or older, we offer free check ordering. Also, we offer free money orders, cashier's checks, and travelers checks for single signers.