Memorial Day: Our branches and contact center will be closed on Monday, May 25, 2015, in observance of Memorial Day.

Gulf Winds Federal Credit Union

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Phone Banking and General Inquiries:

Pensacola Area: 850.479.9601    Tallahassee Area: 850.562.6702

Toll Free: 800.650.6328

Email:

Lost or Stolen ATM or VISA Debit Card:

Pensacola Area: 850.479.9601    Tallahassee Area: 850.562.6702

Toll Free: 800.650.6328

After Hours, Weekends and Holidays: 800.472.3272

Lost or Stolen Credit Card:

Toll Free: 800.449.7728    More Contact Info

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International Credit Union Day

Credit unions are recognized as a force for positive economic and social change. With more than 200 million members at 56,000 institutions across 101 countries, they provide significant value in both developed and emerging nations. Since 1948, International Credit Union Day has celebrated this history and core mission each year on the third Thursday of October.

This year’s theme, “Local Service. Global Good.,” emphasizes credit unions' positive impact in their communities and around the world. The ultimate goal is to raise awareness about the great work that credit unions are doing around the world and give members the opportunity to get more involved. Credit unions and associations throughout the world celebrate the day with open houses, contests, picnics and parades.

Banks vs. Credit Union Videos

Banks vs. Credit Union Videos

Though we may be a bit biased, I think we can all agree that credit unions are WAY better than banks, right? But why is that? Watch the videos below for a few reasons why credit unions are better.

"I Love You" Bank vs. Credit Union Ad (based on the Mac vz. PC ads)

"Difference Between Banks and Credit Unions" (from our Canadian neighbors)

"Banks vs. Credit Unions" (from MoneyTalksNews)

"Banks vs. Credit Unions" (from CBS)

Credit Unions are Different by Design

Feature

Credit Unions

Banks

Philosophy

Not for profit, not for charity, but for service. Earnings returned as better rates, fewer and lower fees, improved services.

Business orientation. Exist to earn a profit for stockholders.

Control/Management

Member-elected, unpaid volunteer directors.

Shareholder-elected, paid directors.

Savings (share accounts)

Regular and money market accounts, certificates, and other plans available.

Regular and money market accounts, certificates, and other plans available.

Loans

A wide variety of loan types including personal, auto, secured, home improvement, mortgage, student, and credit cards.

Loan consideration takes into account applicant’s character and capacity to repay. Loan rates generally lower than at banks.

A variety of loan types but banks traditionally are oriented toward commercial loans.

Loan consideration is usually based on applicant’s credit record and capacity to repay. Loan rates usually higher than credit union rates.

Checking (share draft)

Most credit unions offer at least one of the following accounts: economy checking, regular checking, or interest-bearing checking.

Checking account types are similar, but more banks charge higher fees associated with their accounts than do credit unions.

Fees

Credit union fees typically are fewer and lower than bank fees. Credit unions rarely price fees to produce revenue.

Fees account for nearly one-third of banks’ total profits.

Safety

Deposits in nearly all credit unions are insured up to at least $250,000 by federal or private insurer.

Nearly all accounts insured up to $250,000 by a government agency.