Nonprofit · EIN 59-6143861
GULF WINDS CREDIT UNION
Tax-exempt · PENSACOLA, FL 32534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $76,972,087 | $69,136,567 | $7,835,520 | $1,188,174,437 | $1,099,049,975 | $89,124,462 |
| December 31, 2023 | 990 | $63,015,859 | $55,442,538 | $7,573,321 | $1,107,021,415 | $1,030,212,462 | $76,808,953 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $37,473,958
- Investment income
- $19,651,217
- Net gain from sales of assets
- -$750,992
- Other revenue
- $19,846,912
Expenses
- Grants and similar amounts paid
- $126,107
- Compensation of officers, directors and key employees
- $1,753,868
- Other salaries and wages
- $13,616,297
- Salaries, compensation and benefits (total)
- $20,394,479
- Professional fundraising fees
- $0
- Legal fees
- $76,226
- Accounting fees
- $96,718
- Occupancy
- $339,457
- Travel
- $196,368
- Depreciation
- $1,274,598
Balance sheet and other
- Total assets, start of year
- $1,107,021,415
- Total assets, end of year
- $1,188,174,437
- Total liabilities, end of year
- $1,099,049,975
- Net assets, end of year
- $89,124,462
- Land, buildings and equipment
- $17,232,983
- Gross receipts
- $102,656,506
- Employees
- 309
- Volunteers
- 12
- Year formed
- 1954
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL SOUERS | CEO Officer | 45 | $373,075 | $38,834 |
| ASHLEY JANSKY | CHEIF ADMINISTRATION OFFICER Officer | 45 | $320,238 | $31,590 |
| KURT STENERSON | FORMER EVP OF DIGITAL INNOVATION Officer | 45 | $272,175 | $13,566 |
| TERRY JOHNSON | EVP OF STRATEGY AND PERFO Officer | 45 | $258,152 | $19,984 |
| CLAY MALLARD | FINANCIAL ADVISOR Highest-paid employee | 45 | $215,766 | $26,029 |
| WALTER STEPNOWSKI | CHEIF TECHNOLOGY OFFICER Officer | 45 | $188,052 | $25,568 |
| SCOTT SLATTERY | CHEIF GROWTH OFFICER Officer | 45 | $188,427 | $24,208 |
| JARRELL FLANDERS | COO Highest-paid employee | 45 | $161,968 | $31,704 |
| STEPHANIE CHASE | VP OF RISK MANAGEMENT Highest-paid employee | 45 | $154,501 | $17,240 |
| LEE ANN ALLEN | REGIONAL VP Highest-paid employee | 1 | $157,667 | $13,244 |
| LARRY D HAYES | INTERIM CFO Highest-paid employee | 1 | $116,879 | $5,634 |
| A LARRY MALTBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA LUEBBERS | SECRETARY Trustee or director | 1 | $0 | $0 |
| GERALD EADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC HAINES | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELLY FOUNTAIN | TREASURER Trustee or director | 1 | $0 |
| WILLIAM FRITCHMAN | CHAIRMAN Trustee or director | 1 | $0 |
| LYNN CREAR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER RUTLEDGE | CEO Officer | 45 | $550,024 | $41,060 |
| KURT STENERSON | EVP OF DIGITAL INNOVATION Officer | 45 | $348,013 | $30,326 |
| TERRY JOHNSON | EVP OF STRATEGY AND PERFO Officer | 45 | $326,733 | $46,079 |
| ASHLEY JANSKY | EVP MEMBER EXPERIENCE Officer | 45 | $326,901 | $44,677 |
| DANIEL SOUERS | CEO Officer | 45 | $293,924 | $53,814 |
| CLAY MALLARD | FINANCIAL ADVISOR Highest-paid employee | 45 | $169,537 | $40,973 |
| JARRELL FLANDERS | COO Highest-paid employee | 45 | $169,642 | $28,845 |
| STEPHANIE CHASE | VP OF RISK MANAGEMENT Highest-paid employee | 45 | $157,680 | $33,441 |
| MITCHELL OLINSKY | VP OF TECHNOLOGY OPERATIONS Highest-paid employee | 45 | $153,688 | $20,352 |
| SCOTT SLATTERY | CLO Highest-paid employee | 45 | $147,195 | $15,844 |
| RL OSWALD SR | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| A LARRY MALTBY | SECRETARY Trustee or director | 1 | $0 | $0 |
| DONNA LUEBBERS | TREASURER Trustee or director | 1 | $0 | $0 |
| GERALD EADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC HAINES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLY FOUNTAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM FRITCHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 E NINE MILE RD, PENSACOLA, FL 32534-3145
- In care of
- % LYNSEY THRASH
- Principal officer (990 for 2024)
- BRAD TANBERG, 220 EAST NINE MILE ROAD, PENSACOLA, FL 32534
- Signed the 990
- BRAD TANBERG, CFO
- Phone
- (850) 479-9601
- Website
- WWW.GOGULFWINDS.COM
- Return prepared by
- WARREN AVERETT LLC
Mission
WE'RE ABOUT MORE THAN BANKING. WE CARE FOR OUR TEAM, MEMBERS, AND COMMUNIES BY INVESTING IN THEIR SUCCESS. WE BELIEVE YOUR JOURNEY MATTERS. WE GUIDE MEMBERS ALONG LIFE'S MOMENTS AND MILESTONES. WE PROVIDE SOLUTIONS, NOT OBSTACLES. BACKED BY OUR PEOPLE, WE LEVERAGE TECHNOLOGY AND FINANCIAL RESOURCES TO PROVIDE A GREAT EXPERIENCE, SIMPLY. WE CREATE OPPORTUNITIES FOR A BETTER TOMORROW. OUR STRENGTH PROVIDES THE PATH TO YOUR DREAMS.
Program accomplishments
- IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS.
- TO MEET THE FINANCIAL NEEDS OF ITS MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-6143861
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $1,188,174,437
- Income (IRS master file)
- $102,656,506
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $76,972,087 | $69,136,567 | $1,188,174,437 | XML |
| 990 | December 2023 | $63,015,859 | $55,442,538 | $1,107,021,415 | XML |
| 990 | December 2022 | $51,125,321 | $42,641,634 | $1,035,650,446 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-6143861).
Questions about GULF WINDS CREDIT UNION
- What is the EIN of GULF WINDS CREDIT UNION?
- The employer identification number (EIN) of GULF WINDS CREDIT UNION is 59-6143861.
- Is GULF WINDS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2019.
- Are donations to GULF WINDS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GULF WINDS CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GULF WINDS CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GULF WINDS CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GULF WINDS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names BRAD TANBERG.
- Who are the officers and directors of GULF WINDS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 18 people; 11 received compensation from the organization, the highest $373,075 (DANIEL SOUERS, CEO).
- How much revenue does GULF WINDS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $76,972,087, expenses of $69,136,567 and total assets of $1,188,174,437 at year end.
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