Once per quarter, DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States. A comprehensive health score is calculated, as each institution is graded on several factors including capitalization, deposit growth, and loan-to-reserve ratios.
Gulf Coast Educators FCU was awarded with an A+ rating; the highest health grade given out by DepositAccounts. Financial institutions are graded on a scale from F (worst) to A+ (healthiest). GCEFCU was ranked as #44 out of the 5,321 US credit unions that were analyzed.
The Deposit Account Health Grades analysis was created in the wake of the 2008 financial crisis and has continued releasing a new analysis annually, with quarterly adjustments posted to each credit union’s dedicated page on DepositAccounts.com. During times of economic uncertainty, consumers want to feel confident that their credit union is on solid footing financially.
Experts analyze the call reports for every NCUA insured credit union in the United States and run the data through a proprietary algorithm to rate financial health. Results are published on their website for free so that consumers can make more informed decisions and feel confident in the financial institutions where they deposit their money.
Gulf Coast Educators FCU is proud to be named one of the Top 200 Healthiest Credit Unions, and to be included in the 11% of financial institutions that received an A+ rating. Our management team and board of directors strive to provide quality and sound service to all of our members. For a complete listing of the 2020 Top 200 Healthiest Credit Unions in America, visit https://www.depositaccounts.com/banks/health.aspx