# GULF
Groves, TX · NCUA charter 60205 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/gulf-60205

Who the members are: state charter, organized 1941, low-income designated. 24,643 members of 407,296 potential (6.0% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 41.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $348.5M |
| Members | 24,643 (1.1% YoY) |
| Full-time staff | 81 |
| Net worth | $34.2M |
| Net worth ratio | 9.8% (p27 of band) |
| ROA (annualized) | 0.35% (p25 of band) |
| Total delinquency | 0.37% (p27 of band) |
| Net charge-offs (annualized) | 0.72% (p79 of band) |
| Loans / shares | 64% (p28 of band) |
| Cash / assets | 7.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.39% (p39 of band) |
| Operating expense / assets | 3.87% (p58 of band) |
| Vehicles % of loans | 51% (p83 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 56% |
| Third-party paper % of net worth | 251% (p88 of band) |
| Vehicle delinquency | 0.46% (p41 of band) |
| Vehicle NCO | 1.07% (p72 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 18% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 98% |
| Core shares % of member funds | 76% |
| Certificates % of member funds | 14% |
| Average share balance | $6,900 |
| Participations bought / yr | $13.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $25.6M |
| Loans outstanding per 100 members | 41% |
| Loans granted per 100 members, annualized | 29% |
| Average loan balance | $19,751 |
| Loans granted, annualized | $106.9M |

## Participation posture (from the same filings)

Bought $13.4M and sold $0 in the latest annualized quarter; $25.6M outstanding purchased (74.8% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 6.3% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 5 | thin capital, capital below 7%, losing money, 3rd-party paper>100% NW |  |
| 2016-06 | 4 |  | losing money |
| 2016-09 | 2 |  | capital below 7% |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | capital below 7% |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 6 | losing money, delinquency rising |  |
| 2017-12 | 5 | net worth falling | losing money, delinquency rising |
| 2018-03 | 5 | delinquency rising | net worth falling |
| 2018-06 | 4 |  | delinquency rising |
| 2018-09 | 4 |  |  |
| 2018-12 | 5 | assets shrinking |  |
| 2019-03 | 3 |  | capital below 7% |
| 2019-06 | 4 | members leaving |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | assets shrinking |
| 2020-03 | 3 |  |  |
| 2020-06 | 2 |  | members leaving |
| 2020-09 | 2 |  |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | margin squeeze |  |
| 2021-06 | 3 | members leaving | margin squeeze |
| 2021-09 | 2 |  | 3rd-party paper>100% NW |
| 2021-12 | 3 | delinquency rising |  |
| 2022-03 | 3 | 3rd-party paper>100% NW | delinquency rising |
| 2022-06 | 1 |  | thin capital, members leaving |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 2 | assets shrinking | delinquency rising |
| 2023-03 | 4 | delinquency rising, charge-offs p90 |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 | losing money | delinquency rising |
| 2023-12 | 2 |  | assets shrinking, losing money |
| 2024-03 | 1 |  | charge-offs p90 |
| 2024-06 | 1 |  |  |
| 2024-09 | 3 | delinquency 2x band, delinquency rising |  |
| 2024-12 | 2 |  | delinquency 2x band |
| 2025-03 | 3 | delinquency 2x band |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 2 | charge-offs p90 | delinquency rising, delinquency 2x band |
| 2025-12 | 2 | net worth falling | charge-offs p90 |
| 2026-03 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-07 [Woman charged with stealing, using debit card from 70-year-old hospitalized friend - kfdm.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPVm5pMmdTUkhzM0hMVTRqaFBqUzVzRjRkN0pPeUpsTEEyQ0JZRHRnSmE4VjZ0MlVWekR4dDBSSDZ1TElaMUQwQ1p4QTJ3aEdkSzNTeU9KeUlZZWVmMTlHYWowTHBIay1OcXM2dnNqajNDcmRwRGRRNGtMcmM4V2c5SjFiTVdndjE1d3BxemszRVBGLWc?oc=5) · kfdm.com
- 2022-06-16 [New Construction – Administration Building – Gulf Credit Union (Subbid) - Virtual Builders Exchange](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPN2VDZnJjc0VOZkhLNlFGNDNySjRscFVtU1ZBbkxfbE5aNkdJbl91ZTVoOTVHekdYZldGamhadVJBRnRncndKOFFzQTRQR29RMkFibnd0b0VmVVhzYkJva0d6MGhqR3UtaHFHMUQ0RGhNRzhoQlJLby0wY2I4QzIycGw1MlBkWjBqRGlSako4RkpTaUxiakZzMllpcHp6cXp1dzlUanZBVGY?oc=5) · Virtual Builders Exchange
- 2022-11-17 [Gulf Coast Credit Union donates $1,500 to Corpus Christi charity group - kiiitv.com](https://news.google.com/rss/articles/CBMitAFBVV95cUxPQzBCa1A3VjA2R1FOQk9XSlpjaG9ZeUp3VDhycHFWNUpLS2pBdllQU1dQWFhNSC16TW5zTElYbXp2Qm9NTGVDSFNZQklJQnNKNmFTUFdGc1d6QUdZbWFYMl9vRVlZdlA3MlFPVks2LW9YdFU2b0p1dTl4NFljdGJHN3pEWXNqcV9MSlZVUXd3QjZ4bk5SVUlHeC1WbU9SVHp6NElFT3FKajJlcG1Ocktmem9qa1I?oc=5) · kiiitv.com
- 2025-01-07 [Gulf Coast Educators FCU announces Eric Stegall as new President & CEO - CUInsight](https://news.google.com/rss/articles/CBMirgFBVV95cUxNOFFxRGxJTGpGXzdSaVBrdFlmMnRYMGVyRC11aW1nXzlZQS02SlUwUlRGcUVTQkl5WWYtbkVDbFpCSlZlMHVFX1VIRV9OVzRUdENEdlRpbkZ0UnRXX012QmhfeF82bWFlRUxyUkphVmlHOWhiX1p6dnRyUHZhdjVqb3ZlYjBULUZPTDlTOWwzQmFhSVYtZW1icXNhdFNZbHk1Vk9CYXlrUHNaU3h2Q0E?oc=5) · CUInsight
- 2020-08-26 [Gulf Coast Federal Credit Union to absorb nearby Homeport FCU - American Banker](https://news.google.com/rss/articles/CBMirwFBVV95cUxNXzBTT2dFVGRpUUNUcko4ak1FRmxhLVh3UFRubWlNb1I5dFNpMktOZ0FnUFZqX2pkUmNJakVKbzhQYXNjMW5tTDNiNW95ajcxSERVemliOF9sVlFwQ2dBUGpZRkFnTkVqRWNBVzVWRldUcWg2d3l6NmVJblZrXzYya2d2WDBLWDU3YjduLXFWTFFYOXZoTFp1S0VGcjRDSU91c0dhWGFWMF9hUVdQRE9Z?oc=5) · American Banker
- 2026-03-12 [Allison Marie Resendez Obituary (2026) - El Campo, TX - Wheeler Funeral Home - El Campo - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxPQjdFLU52WWNhVzVsMFV1OEs1Tll2MkVoUl85QmxxT0JESlhMWE9hUUJRMHBsMHY2MjZIN3FNS0hoZDllY0tLSWMyTC02N2tsUlR5M2xnaFk4WV94bUdDamRRMkZHaXZsbzFNMVBuTUFIdmVjMFdjS2s1VnJQY01XSkRxd0x2Zw?oc=5) · legacy.com
- 2024-09-25 [Mid-County woman indicted for $271K theft - theexaminer.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE1XNDZVejFTQ24wY3pWN2MxWTVKYWFXTGtxd3dJN1NBU2kxSUw3Q0NHMnRBaFA2TzllblIwdzZLT1ZfcGZfaVJNc3VMVDdDSkZldGhVNV9fNjNPaTFJNDkya2U3enJNUHRvRGlVNEhWV2JYa0M0TjloaA?oc=5) · theexaminer.com
- 2024-05-27 [7 Questions With ... Former Beaumont principal Belinda George - Beaumont Enterprise](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNVkhxTXZLZzBfMkhkWXhHZDdBQW1ZY25aSFhCbk4xbzdUQTZRdDJmTVN4UmpBa3pJNGZ6RzhFMmNSRzRPSHpTQjZsSlhKZ3hXWWU4ajZsYXQ4TWpYSElWX1lrN01GQzlfVlF3S3VZclZXNWs5Q2FnTWF6Z2F6ZnZuWWVrUHZQVGFHSmhXc3l6RFlIR3FtMndJSWNJM3RucVBHLTdEUW1RWnpyVUE?oc=5) · Beaumont Enterprise

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60205 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/45.json (key "60205", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=60205
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide