FIRST QUARTER 2020
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AUTO LOAN As low as % RATES 2.75 APR* Get up to $500 on auto loans!
Federally Insured by NCUA
*APR=annual percentage rate. Valid for new or used auto loans. Loans must be of new money. Loans from $25,000 to $49,999.99 will receive $250. Loans over $50,000 will receive $500. All loans and rates are subject to credit approval and product participation. All rates are subject to change. See credit union for details and disclaimer.
GCU ANNOUNCES PROMOTIONS..................................... 2 BEWARE OF BANK JUGGING............................................3 ANNUAL MEETING DATES................................................. 3 COMMON INTERESTS......................................................... 4 HELPING HANDS UPDATE................................................. 5
HEAD START ON COLLEGE............................................... 5 IN LOVING MEMORY ........................................................... 6 CONVENIENCE OF MOBILE DEPOSIT.............................. 6 BE IN CONTROL OF REMOTE CONTROL CARDS........... 7 eAlerts NOW AVAILABLE.................................................. 7
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Gulf Credit Union Announces Promotions Gulf Credit Union announces three promotions to the Executive Team: Todd L. Gaudin to CEO/President; Stephine Adams to Chief Operations Officer; and Linda Kiker Rials to Chief Financial Officer.
Todd L. Gaudin, CEO/President
Stephine Adams,
Chief Operations Officer
Gaudin has worked in the banking and financial industry for over 40 years. He joined Gulf Credit Union as a consultant in October 2009 and became a full-time Commercial Loan Officer in 2010. As the only Commercial Lender, he was responsible for the development and growth of the commercial lending portfolio. In July 2015, he was promoted to Vice President of Commercial Lending. In addition to his commercial lending duties, he also provided supervision over two department employees and the collections department. His new responsibilities will now include all areas of lending; including consumer, indirect, commercial, mortgage and collections. Gaudin is an Advisory Director of the Southeast Texas Economic Development Foundation, a member of the YMBL, a Lifetime Committeeman for the Houston Livestock Show & Rodeo, as well as a Melvin Jones Fellowship recipient, awarded by Lions Club International Foundation as a member of the Cy-Fair Lions Club. Adams has held numerous positions within the organization during her 25 year career with Gulf Credit Union, which includes Switchboard Operator, Teller, Member Service/New Accounts Representative, Head Teller, Training Coordinator, Compliance Officer, Risk Management Director and Vice President of Operations. With her new position as Chief Operations Officer, she oversees all branch operations, compliance, internal audit, legal and regulatory items. Adams also serves as the primary contact for the regulators. She attended CUNA’s Regulatory Compliance School in 2005, where she first received her Credit Union Compliance Expert (CUCE) designation. She received her Bank Secrecy Act Compliance Specialist (BSACS) designation from CUNA in 2011. She serves on the Executive Committee of the Cornerstone Compliance Council, and has done so since 2007. Adams has volunteered to speak on common scams and fraud with several local organizations and has provided BSA/OFAC training at Cornerstone’s Small Credit Union Conference for CEO’s and Board of Directors of credit unions under 50 million in assets. Rials joined Gulf Credit Union April 1, 1979 as a teller and quickly advanced to the member services department. She was given many responsibilities which included, but were not limited to, check clearings, direct deposits and accounting. Throughout her career, she has overcome many new and challenging obstacles with technology changes to the Financial Industry. In the year 2014, she received her accolade as a Credit Union National Association (CUNA) graduate. She has continued to build a successful career among her duration at Gulf Credit Union. Accounting proved to be a passion for Rials, and she continues to advance with the everchanging dynamic of the banking and credit union world.
Linda Rials,
Chief Financial Officer
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Annual Meeting Tues., February 18, 2020 7 p.m. – 8 p.m. (Doors open at 6:30 p.m.)
Groves KC Hall
3749 Lincoln Avenue Groves, TX AGENDA
Election of two (2) board members • In order to vote in the election, members must have an account in their own name, social security number and be at least 16 years of age. • Members interested in seeking election to the Board of Directors, please contact Kathy Wolford, Executive Assistant, at 409.984.7443, for more information and to receive a director application.
Invest in Yourself!
Enroll in Gulf Credit Union’s Change Saver program to start saving today. The change from your electronic debits will be transferred to the savings account of your choice. Debit transactions: $21.64 Change Saver transfer: $0.36 Total transaction amount: $22.00
Beware of Bank Jugging What is Bank Jugging? The term is used to describe suspects who sit in financial institution parking lots and watch people entering and leaving. The suspects follow the people they believe are in possession of cash and look for an opportunity to burglarize their vehicles or rob them directly.
What you can do to help avoid becoming a target or victim: Change your schedule. For example, don’t always make your deposit or withdrawal every Monday at 11 a.m. and then to go the gym leaving your money in the car.
Watch for vehicles you see in the parking lot that follow you when you leave.
Don’t leave cash or checks in your vehicle.
Notify credit union employees if you suspect anything suspicious.
Don’t sit in the lobby or parking lot counting your cash before or after your transaction.
As with any crime, if you do become a victim, notify law enforcement immediately.
Be aware of your surroundings at all times.
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Common Interests Your Personal Financial Ratios
Financial ratios are commonly used in the business world. They represent the numerical relationship between various figures from a company's financial statements and provide a snapshot of the company's strengths and weaknesses. Financial ratios can be measured, benchmarked, tracked, and analyzed—and are used to make financial decisions.
Make It Personal
You can do the same thing on the personal level. You probably have a general idea of how you're doing financially, but using financial ratios will give you a clearer, more precise picture. Here are just a few examples: Liquidity ratios measure your ability to meet your financial obligations. The basic liquidity ratio is the total of liquid assets (your checking and savings accounts plus other assets that can quickly and easily be converted to cash) divided by your monthly expenses. The ideal number is between three and six (meaning you have enough liquid assets to cover between three and six months of expenses). You may know this by another name: your emergency fund. Debt ratios measure how much of your financial resources are allocated to cover outstanding debts. Your debt-to-income ratio is calculated by dividing your annual debt payments by your annual income. In general, you want a number that's less than 36%. If you're planning a major purchase, you can run calculations to see how the additional debt will affect your finances. Net worth ratios express your financial situation in terms of overall net worth (i.e., total assets minus total liabilities) and are a good way to view your general progress. For example, you may want to track your debt-to-net worth ratio over time.
Setting Goals and Tracking Trends
Financial ratios are very useful when it comes to setting measurable goals and monitoring your progress in the short term. And tracking your numbers over time lets you know where your finances are headed. Modified content. Copyright © 2019 by Newkirk Products. Reprinted with permission. All rights reserved. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CBSI is a registered broker/dealer in all fifty states of the United States of America. The representative may also be financial institution employee that accepts deposits on behalf of the financial institution. Representatives are neither a tax advisors nor attorneys. For information regarding your specific tax situation, please consult a tax professional. For legal questions, including a discussion about estate planning, please consult your attorney. CBSI-2524965.1-0519-0621 © CUNA Mutual Group
The Lone Star State has been home to presidents, movie stars, musicians, folk heroes and even a few notorious outlaws. CAPITAL Austin
TREE Pecan
MOTTO Friendship
BIRD Mockingbird
K K
FLOWER Bluebonnet
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Helping Hands Update Our Helping Hands
Busy in the Community
Gulf Credit Union employees were honored to recently participate in
July: Read to kids at the Groves library
the Gift of Life’s 9th Annual Julie
July: Food drive with SETX food bank
Richardson Proctor 5K Ribbon Run.
August: School supply drive with Girl’s Haven October: Halloween costume collection October: Participated at Groves National Night Out October: The Gift of Life Color Rush
We believe in investing in our future. This spring, Gulf Credit Union is proud to award up to ten $1,000 scholarships to graduating high school seniors. Applications are available at each GCU location, as well as area high school campuses. Each applicant must turn in their completed application, along with the requested material, by March 4, 2020. Completed applications may be dropped off to any GCU location, or they can be mailed to: Gulf Credit Union Attention: Marketing Department P.O Box 848 Groves, TX 77619 Please see the scholarship application brochure for more details. 5 WWW.GECU.ORG
In Loving Memory Harold Guilbeau, served as a Gulf Credit Union Board of Director for eleven years. He served on the Advisory Board for one year, and also served as a Sabine Chapter of Credit Unions Delegate. Harold was a lifelong resident of this area, was on the Board at the Capland Center, Mardi Gras of Southeast Texas and St. Catherine of Siena Catholic School in Port Arthur. He was a dedicated member of St. Elizabeth Catholic Church, Port Neches Knights of Columbus Council #246 and Sertoma Club. He has often been described as a true gentleman, always dependable and a complete joy to be around. He has touched the lives of so many in the community. It has been an honor and privilege to have had Mr. Guilbeau be a part of our Gulf Credit Union family. May he forever rest in the arms of the Lord.
Fralena A. McCrea, one of our most wonderful Member Service Representatives, was called home to heaven on August 9, 2019. She had been an employee of Gulf Credit Union for 13 years. Fralena was sweet, giving, and she was genuinely an exceptional person. Her contagious smile could light up a room. She will always be loved and will remain in the hearts of the staff and our members. May she rest in peace.
Cindy Winfrey, our former Vice President of Operations, passed away August 7, 2019. She had served the members of Gulf Credit Union for 30 years before retiring. Cindy was a joy to be around, always greeted everyone with a smile, and she was known as our true Wonder Woman. With her poise, grace, and true strength, you would have never known the battle she was fighting with cancer. She was loved dearly by her credit union family and her extended family, our members. Cindy will be forever missed, but never forgotten. May she rest in peace.
The Convenience of Mobile Deposit is at Your Fingertips With mobile deposit, you'll have the ability to deposit checks from camera-equipped smartphones and tablets*, saving time and providing quicker access to funds.
Mobile Deposit is: FAST Submit deposits and receive confirmation in seconds. CONVENIENT Deposit checks anywhere, anytime SECURE Log-in security and data encryption ensures your information is always safe. ACCURATE When capturing images, our application automatically extracts payment data. EASY Just download the app and get started with our simple-to-follow instructions. *Must have valid email address listed on account.
HOW TO GET STARTED 1. Log onto home banking using our Gulf Credit Union mobile app. 2. Select the camera icon at the bottom of the screen 3. Endorse your checks (signature, account number and the words "for mobile deposit only" at Gulf Credit Union*) and follow the steps to make your mobile deposit.
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Within seconds, you'll see confirmation that the deposit was received—it's that easy!
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Download the App and Get Started Today!
Be in Control, with Remote Control Cards Be in Control with Remote Control Gulf Credit Union! Cards at Gulf at Credit Union! Gototothe theGulf Gulf Credit Union App phone or Go Credit Union App on on youryour phone or log log into Home Banking and simply go to the menu Into Home Banking and simply go to the menu and and select to turn select RemoteRemote ControlControl Cards toCards turn your debityour carddebit off cardyou off are when areH not andon turn it back when notyou using and using turn It it back when you on when you are ready toto use are ready useit!It! Account
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eAlerts are Available from Gulf Credit Union
Internet Banking eAlerts allow you to manage and receive email notifications regarding specific account activity, such as when a balance falls below a limit, or when funds are deposited into your account, etc. You can opt to have these alerts sent to multiple addresses including email and text-bridged addresses supported by your mobile carrier.
In the example shown below, this member would like to receive an alert for any deposit made to their checking account. If you have any questions, or need any assistance with eAlerts, please call or stop by to speak with one of our member services representatives.
To set up an eAlert, you must first update and verify your email address. Through internet banking, you can manage your email address(es) and choose which items are being sent via email. If you are on a computer, click on MENU → SETTINGS → EDIT EMAIL. Following these steps, will give you the option to edit any existing emails already setup or create a new email. You can also receive eAlert messages as texts on your phone. To receive these messages, enter your phone number followed by your service provider’s email domain. For example: 4091234567@vtext.com Please contact your mobile service provider regarding any questions concerning your mobile address.
LOAN APPLICATION WITHDRAWAL
eAlerts BILL PAY
Create eAlert Suffix ˑ
71 • Checking Alert Type ˑ
Deposit
Comparison Type ˑ
All/Any
Language ˑ
Once you have an email address set up for eAlerts, you are ready to add a new alert. Through internet banking, you can create or edit existing eAlerts. Clicking eAlerts from the menu will give you the option to edit any existing alerts already setup or create a new alert.
You can click New Alert to create a new alert, Edit to edit or Delete to delete an existing alert.
English Email ˑ
The suffix the system will look at to determine if an alert should be sent.
ˑ ˑ ˑ ˑ ˑ
4091234567@vtext.com CANCEL
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SUBMIT
The type of alert to be sent. Alert options: • current balance • available balance • deposit • loan payment • withdrawal • advance check number Comparison that will be made for suffix and type selected. Available options: • all/any • equal to • greater than or equal to • less than or equal to Numeric value for type and comparison and could be dollar amount, check number, etc. The language the alert will be sent in. Email address to send alert to. If email adress does not show in the dropdown list, it will need to be added in account settings.
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GULF CREDIT UNION P.O. BOX 848 GROVES, TX 77619
GULF CREDIT UNION IS FEDERALLY INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. *APR = Annual Percentage Rate. All loans and rates are subject to credit approval. Rates are subject to change without notice.
VISION STATEMENT
Gulf Credit Union’s vision is to “create a relationship” with members. Our vision is met by matching our member’s need with the right product.
From generation to generation, Gulf Credit Union is your partner in fulfilling your financial dreams.
GROVES
BEAUMONT
MID COUNTY
BRIDGE CITY
5140 West Parkway • 409.963.1191 2779 Aero Drive • 409.729.8280 LOBBY HOURS
DRIVE-THRU HOURS
info@gecu.org • TOLL
GULF CREDIT UNION BOARD OF DIRECTORS: NAME
2360 Dowlen Road • 409.860.3600 4721 Hwy. 87 South • 409.735.5156
MONDAY – THURSDAY MONDAY – FRIDAY • 8:30 am – 5:00 pm • 8:00 am – 6:00 pm FRIDAY SATURDAY • 8:30 am – 5:30 pm • 9:00 am – Noon
TERM ENDS
Barry Gorman, Chairman 2020 Johnny Lewallen, Vice-Chairman 2022 Karen Brown, Secretary 2020 Robert Adams, Treasurer 2022 Libby Arnold 2021 Carl Duplantis 2021 Camille Jones 2022
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MISSION STATEMENT
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LOBBY HOURS
DRIVE-THRU HOURS
MONDAY – THURSDAY MONDAY – THURSDAY • 8:30 am – 5:00 pm • 8:00 am – 5:00 pm FRIDAY FRIDAY • 8:30 am – 5:30 pm • 8:00 am – 5:30 pm SATURDAY • CLOSED FREE: 800.448.5328
2020 HOLIDAYS FEBRUARY
OCTOBER
APRIL
NOVEMBER:
President’s Day Monday, Feb. 17 Good Friday Friday, April 10
MAY
Memorial Day Monday, May 25
JULY
Independence Day Friday, July 3
SEPTEMBER
Labor Day Monday, September 7
Columbus Day Monday, October 12 Thanksgiving Day Thursday, November 26 Thanksgiving Holiday Friday, November 27
DECEMBER
Christmas Holiday Thursday, December 24 Christmas Day Friday, December 25