Diamond Sponsor Spotlight

ProvidingMoreBenefitstoSchoolDistrictEmployees

Gulf Coast Educators Federal Credit Union is made up of educators and school employees, that is why all of our products and services revolve around the needs of Texas educators. We partner with school districts all across the state to assist them in providing affordable resources to their teachersand staff.

Serving the financial needs of Texas educators is what we do best.

Free HSA Administration

Home Loans for School Employees

Texas Educators Rewards Credit Card

Educator Loans

We administer Health Savings Account programs to Texas school districts at no cost to the district or their employees.

School Employees can finance a new home up to 103%, with no down payment or PMI required.

Available to all school employees who qualify. Earn rewards by shopping at all your favorite places and pay 0% APR* for your first 6 months.

Low-rate loans to assist educators and their unique needs, such as purchasing classroom supplies, professional development, and helping first year teachers.

www.gcefcu.org

THE CREDIT UNION FOR EDUCATORS

G u l f C o a s t E d u c a t o r s F e d e r a l C r e d i t U n i o n p r o v i d e s f i n a n c i a l s e r v i c e s t o s c h o o l e m p l o y e e s a l l a c r o s s t h e s t a t e o f T e x a s . I n a d d i t i o n , w e a l s o p a r t n e r w i t h s c h o o l d i s t r i c t s t o a s s i s t t h e m i n p r o v i d i n g a f f o r d a b l e r e s o u r c e s t o t h e i r t e a c h e r s a n d s t a f f .

HOW WE HELP SCHOOL DISTRICTS AND THEIR EMPLOYEES IN THE CLASSROOM & AT HOME

Free HSA Administration

Several years ago a local school district approached GCEFCU with the need for an HSA provider for their employees. At the time, the credit union did not offer Health Savings Accounts, but we were determined to find a solution. As a result, the credit union began offering HSAs for free, and eventually started administering HSA programs for school districts as well.

Gulf Coast Educators FCU now offers Health Savings Accounts, free of charge, to all school districts in the state of Texas. If you have employees with High Deductible Health Plans (HDHPs), we can administer an HSA program for your district and employees completely free. There is no set up fee or per-user charge to the district or the employees.

To learn more about our HSA administration program, visit www.texaseducatorshsa.com.

Educator Loans & Credit Cards

As a credit union that serves educators and school employees, we understand how hard they work with little in return. To help, we created a variety of low-rate loans just for school employees.

Home Loans for School Employees - This mortgage program allows school employees in the state of Texas to finance a new home up to 103%, with no down payment or PMI required.

Texas Educators Rewards Credit Card - This low-rate credit card is available to all school employees who qualify, with no annual fee. Not only is the rate lower than any other credit card we offer, but it earns points for every $1 spent. And since it is for educators, extra points are earned at teacher supply stores. Points can be redeemed for cash, travel, gift cards, and more.

First Year Teacher Loan - This is a loan to help brand new, first year teachers bridge the gap between accepting a job with a district and getting their first paycheck.

Classroom Supplies Loan - Keeping the classroom supply cabinet fully stocked can be expensive, especially with today’s extensive budget cutbacks. Because of this, teachers tend to spend their own money to purchase these supplies and teaching materials for their classroom. This loan picks up where the school district leaves off.

Professional Development Loan - We understand that pursuing an advanced degree or professional certificate is an expensive endeavor for school employees striving to further their educational career, so we want to help. We want to assist in your efforts to reach your educational goals and offer this loan product to help pay for tuition, books and other expenses associated with continued education.

To apply for a Teacher Mortgage Loan at least one applicant must be a current teacher or school employee for at least 2 consecutive years in a Texas school district. All applicants must have a credit score of 680 or higher and a 43% debt-to-income limit. Maximum loan amount is $250,000 for single applicants and $400,000 for joint applicants. Applicants may finance up to 103% LTV. Additional 3% is to be utilized for closing costs only – No cash back and no “coverage” for a lower appraised home permitted. This program is intended for primary residences within the state of Texas only, not vacation homes or investment properties. Other conditions may apply.