Gulf Trust Federal Credit Union

Member Qualifications

Applicant must be a member in good standing and must own and maintain a minimum of $5.00 in the membership share account.


A share draft/checking account agreement must be executed by each applicant and kept on file.


If the share draft/checking account is signed by more than one person, joint owners may be the same as or different from those specified on the members regular share account. This will also permit the members regular share account to be jointly owned while the share draft/checking may be owned individually or vice versa.


Drafts written for amounts exceeding the balance of the share draft/checking account may not be honored or paid unless specific agreements have been executed or funds are available for transfer from the members regular share account specified on the agreement. Transfer fees may be assessed for this service. The credit union reserves the right to pay drafts/checks at their discretion.
Insufficient funds fees are applicable as authorized by you on the Overdraft Service Opt-In form.

Member Responsibilities

The member is expected to exercise extreme care in using the share draft/ checking program. If drafts are stolen, or lost, the member should notify the credit union immediately and place a stop payment on the missing drafts

The member is expected to maintain an accurate record of his or her transactions and to reconcile their monthly statement in a timely manner, promptly reporting any discrepancies that might develop.

Closing the Account

The share draft/checking account may be closed voluntarily by the member. It must be requested in writing. It is the members responsibility to determine the amount of outstanding drafts and to arrange for sufficient funds to cover them. It is also the members responsibility to see that the unused drafts are destroyed to prevent subsequent use.

The credit union reserves the right to close the account if it is determined that the account privilege has been repeatedly abused or has not been used for more than 30 days.

Funds Availability

In accordance with the Funds Availability Act of 1998, most funds will be available the same day we receive the deposit. The member remains responsible for the checks deposited that are returned to us unpaid and for any other problems involving the deposit. Fees will be charged to the share draft/checking account when a check deposited or cashed is returned for any reason.

A hold may be placed on certain funds deposited and decided on a case-by-case basis. In some cases, we will not make all of the funds deposited available on the same day we receive it. If availability is delayed, we will give notification at the time the deposit is made. If the deposit is not made directly to a credit union employee, or if we decide to take this action after the member has left the premises, notifications will be mailed as to when funds will be available.


A share draft/checking account must maintain a minimum balance of $500.00 to earn dividends. Earnings on the account will be computed using the average daily balance in the account quarterly. The rate of the earnings will be determined by the Board of Directors and is subject to change.


Monthly statements will be provided on the share draft/checking accounts. You may also login to our website to get account transaction history.

Copies of your original checks are available for a fee.

If you have any questions, you may contact us at (228) 762-0659 or e-mail us at