Gulf Coast FCU to add business line with new partnership
Gulf Coast Educators Federal Credit Union in Pasadena, Texas, has partnered with CU Financial Group to offer insurance and risk management products.
Gulf Coast Educators Federal Credit Union was chartered in 1948 by 11 Pasadena ISD educators. Today, it serves school employees in Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery and Waller counties in Texas.
“This partnership allows us to continue to expand and reach more of our members with the programs they need,” Linda Lukaszewski, president and CEO of the $764 million-asset Gulf Coast Educators FCU, said in a press release.
CU Financial in League City was founded in 2004 and serves as a connection between credit unions and more than 15 insurance carriers.
“We are thrilled about our partnership with Gulf Coast Educators FCU,” said Jack Click, president of CUFG. “Gulf Coast Educators FCU now owns a full-service insurance agency and members will be able to utilize their credit union to provide quality insurance products at extremely competitive prices.”
In its most recent call report, Gulf Coast Educators FCU earned about $4.6 million for the first six months of this year, an increase of 4% from the same period in 2018. As of June 30, it was well capitalized with a net worth ratio of 17.83%.