Question 1

What is Gulf Coast Community Credit Union (GCCFCU)?

Accepted Answer

Gulf Coast Community Credit Union (GCCFCU) is a federally chartered, not-for-profit financial cooperative headquartered in Gulfport, Mississippi. Operating under Federal Charter #242, the second lowest charter number in Mississippi, the credit union serves over 12,000 members with approximately $123.5 million in total assets as of 2025.

GCCFCU specializes in providing community-focused banking services to residents of the Mississippi Gulf Coast region. The credit union operates with the mission to deliver valued banking solutions that improve members' financial well-being, guided by core values of love, accountability, curiosity, inclusion, and integrity.

Question 2

When was Gulf Coast Community Credit Union (GCCFCU) founded?

Accepted Answer

Gulf Coast Community Credit Union was founded on April 3, 1935 as the U.S. Veterans Facility Federal Credit Union. More than ninety years ago, a small group of U.S. Veterans Facility employees met at what was then the Gulfport VA Medical Center to discuss creating an improved financial future for themselves.

These founding members envisioned a not-for-profit financial system where members who accumulated savings would create a source of loans for those who needed them. The credit union was granted Federal Charter #242 in 1935, the same year the Federal Credit Union Act became law, making it the second lowest charter number in the state of Mississippi.

The credit union's first manager, Mr. J. H. Kirby, a night supervisor for nursing assistants at the Veterans Facility, served in this role for eighteen years. He operated the credit union in his free time, with legend stating that the credit union's assets were first housed in an old suitcase he carried on his rounds. The credit union later received an actual office in the VA facility's laundry.

Initially, membership was restricted to employees of the U.S. Veterans Facility and their immediate families. In 1969, the charter was amended to include employees of various other employer groups. The credit union underwent a significant transformation in 1999 when it became the first credit union in the nation to receive a dual-county community charter under the historic Membership Access Act of 1998. At that time, the name was changed to Gulf Coast Community Federal Credit Union to reflect its expanded community focus.

Question 3

Where is Gulf Coast Community Credit Union (GCCFCU) headquartered?

Accepted Answer

Gulf Coast Community Credit Union is headquartered at 12364 Highway 49, Gulfport, Mississippi 39503. The credit union has maintained its presence in Gulfport since its founding in 1935.

Question 4

Where does Gulf Coast Community Credit Union (GCCFCU) operate?

Accepted Answer

Gulf Coast Community Federal Credit Union serves residents across multiple counties in coastal Mississippi. As of 2025, membership is open to anyone who lives, works, worships, or attends school in the following counties:
• Harrison County
• Hancock County
• Stone County
• Jackson County

The credit union operates four full-service branch locations throughout the region:
• Orange Grove (Headquarters): 12364 Highway 49, Gulfport, MS 39503
• Downtown Gulfport: 2120 25th Avenue, Gulfport, MS 39501
• Bay St. Louis: Marketown Shopping Center, 295 Highway 90, Unit 27, Bay St. Louis, MS 39520
• D'Iberville: 11522 Cinema Drive, D'Iberville, MS 39540

Additionally, GCCFCU has ATM locations in Diamondhead and Ocean Springs, providing convenient access for members throughout the Mississippi Gulf Coast. The credit union also extends membership to individuals who participate in or are members of select associations, including The American Legion, Veterans of Foreign Wars (VFW), Friends of Jerry Lawrence Library Association, and the Mental Health Association of South Mississippi.

Immediate family members of existing members are also eligible to join, including spouses, children, siblings, parents, grandparents, grandchildren, stepparents, stepchildren, step-siblings, and adoptive family members.

Question 5

What services does Gulf Coast Community Credit Union (GCCFCU) offer?

Accepted Answer

Gulf Coast Community Credit Union offers a comprehensive range of financial products and services designed to meet the diverse needs of its membership:

Share and Savings Accounts:
• Regular savings accounts with competitive dividend rates
• Money market accounts
• Certificates of deposit (CDs) with various terms
• Individual Retirement Accounts (IRAs)
• Youth savings accounts
• Special club accounts (Christmas Club, Vacation Club)

Checking Accounts:
• Free reward checking accounts
• Kasasa Cash® checking accounts
• Kasasa Cash Back® checking accounts with automatic savings features

Loan Products:
• Auto loans and vehicle financing
• Mortgage loans and home purchase financing
• Home equity loans and lines of credit
• Personal loans
• Consumer loans
• Credit builder loans designed to help members reach financial goals faster

Digital Banking Services:
• Online banking platform accessible 24/7
• Mobile banking app for account management
• Mobile deposit capabilities
• Electronic statements (e-statements)
• Direct deposit and payroll deduction services
• Online loan application system with secure tracking

Additional Services:
• Credit and debit card programs
• ATM access with 24/7 availability at multiple locations
• Financial education and counseling
• Notary services for members

All deposit accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA).

Question 6

What makes Gulf Coast Community Credit Union (GCCFCU) unique?

Accepted Answer

Gulf Coast Community Credit Union stands out for several distinctive characteristics and achievements:

Historic Legacy: GCCFCU holds Federal Charter #242, the second lowest charter number in Mississippi, reflecting its nearly 90-year history of service. In 1999, it became the first credit union in the nation to receive a dual-county community charter under the Membership Access Act of 1998, pioneering expanded community access.

Veterans Heritage: Founded by U.S. Veterans Facility employees in 1935, the credit union maintains strong ties to its military roots while now serving the broader Gulf Coast community. Its evolution from serving exclusively VA employees to a community-wide charter demonstrates its commitment to expanding financial access.

Community Focus: The credit union designates itself as a low-income designated credit union (CUDI), demonstrating its commitment to serving underserved communities. Its tagline, "Stop dreaming. Start living," embodies its mission to help members achieve their financial dreams.

Member-Centric Philosophy: As a not-for-profit cooperative, GCCFCU operates with the sole purpose of serving member-owners rather than maximizing profits. Members benefit from lower interest rates on loans, higher dividends on deposits, and personalized service tailored to Gulf Coast residents' needs.

Financial Strength: With a net worth ratio of 17.67% and "Well Capitalized" status under NCUA standards, the credit union demonstrates exceptional financial stability and soundness.

Values-Driven Culture: GCCFCU operates under clearly defined core values—Love, Accountability, Curiosity, Inclusion, and Integrity—creating a culture where members are treated as partners rather than customers.

Question 7

What type of financial institution is Gulf Coast Community Credit Union (GCCFCU)?

Accepted Answer

Gulf Coast Community Credit Union is a Federal Credit Union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, it operates under federal regulations and benefits from federal oversight and insurance protection.

The credit union functions as a not-for-profit financial cooperative owned and controlled by its members. Unlike banks that are owned by shareholders and operate for profit, GCCFCU is democratically controlled by its member-owners, with each member having an equal vote regardless of account size. This cooperative structure allows the credit union to return profits to members in the form of better rates, lower fees, and enhanced services.

As a community credit union, GCCFCU operates under a community charter that makes membership available to anyone who lives, works, worships, or attends school within its designated service area of Harrison, Hancock, Stone, and Jackson counties in Mississippi. This community charter model, which GCCFCU pioneered in 1999 as the first dual-county community charter in the nation, represents a significant expansion from its original Select Employee Group (SEG) charter.

The credit union holds low-income designation from the NCUA, reflecting its commitment to serving economically disadvantaged communities and providing access to affordable financial services throughout the Mississippi Gulf Coast region.

Question 8

What is Gulf Coast Community Credit Union's (GCCFCU) financial performance?

Accepted Answer

Gulf Coast Community Credit Union demonstrates strong financial health and stability. As of the third quarter of 2025, the credit union maintains total assets of approximately $123.5 million, serving 12,053 members across the Mississippi Gulf Coast region.

The credit union holds a robust net worth ratio of 17.67%, significantly exceeding the NCUA's well-capitalized threshold of 7%, which classifies GCCFCU as "Well Capitalized." This strong capital position provides a solid buffer for continued growth and member service.

GCCFCU's loan portfolio totals approximately $78.2 million, with a loan-to-share ratio of 78.73%, indicating healthy lending activity balanced with prudent risk management. Total deposits stand at approximately $99.4 million, with deposit growth of 5.77% over the trailing four quarters, demonstrating consistent member confidence and engagement.

The credit union reports a return on average assets (ROAA) of 0.15%, reflecting efficient operations while maintaining its not-for-profit mission focused on member benefit rather than profit maximization.

Gulf Coast Community Credit Union (GCCFCU)

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Gulf Coast Community Credit Union (GCCFCU) in the United States