Gulf States Credit Union and McCoy Federal Credit Union Merger

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As we work toward merger completion, we will be updating this page with all the important details you need to know. Check back often for the most up-to-date information.

Merger Timeline

 

June 30: System conversion scheduled to begin

Information About Your Checking Account

Your Gulf States checking account will transfer to a Simply Checking Account with McCoy following the conversion. This account features all the essentials with no minimum balance and no monthly maintenance fee.

You can upgrade at any time to a Smarter or Smart checking account, both of which have a small monthly fee. These accounts offer a variety of special member benefits with a wealth of savings. This includes access to industry-leading identity theft and security experts to help you keep your personal information safe.

Smarter Checking - $8 monthly fee
An account that pays and protects. In addition to fully managed identity theft recovery services and an entitlement to robust credit monitoring through NXG Protect, Smarter Checking Account benefits include:

  • Rewards on debit card purchases (redeem for gift cards, brand-name merchandise, and travel)
  • Consumer loan discounts
  • Mobile phone coverage from NXG Mobile for device repairs or replacement due to accidental damage, mechanical failure, or theft
  • And more!

Smart Checking - $5 monthly fee
An essential checking account with extra benefits. In addition to fully managed identity theft recovery services and an entitlement to robust credit monitoring through NXG Protect, Smart Checking Account benefits include:

  • Rewards on debit card purchases (redeem for gift cards, brand-name merchandise, and travel)
  • Consumer loan discounts
  • And more!

Click here for a full list of benefits for our Smarter and Smart Checking Accounts. 

Frequently Asked Questions

  1. Can we go to any McCoy location? You will be able to use any McCoy location when we have completed our core conversion. 

  2. Is Gulf States CU already McCoy FCU? Yes, Gulf States Credit Union members are already part of McCoy Federal Credit Union. We are in the process of merging the core computer systems so that all locations will be available.

  3. Will there be any fee changes? Yes, there will be a few changes to the fees. Click here to view the current fee schedule.

  4. Why do I have to have two accounts, Gulf States and McCoy, if I want to add a checking account or apply for a loan? All products are now provided to you by McCoy Federal Credit Union. Once the core systems merge, we can combine the two accounts.
  5. Is my account number going to change? There will be a change to your account number to avoid duplicating existing McCoy account numbers. Members will have a prefix added to their current Gulf States account number. We will communicate what this prefix number is as it becomes available. 
  6. Will the institution routing number change? After June 30, 2022, McCoy will have "ownership" of the Gulf States routing number. We are working with the Federal Reserve to make sure items using the Gulf States routing number will come to us. Eventually, the combined credit union will only use the McCoy routing number for all new check orders, wires, and ACH.
  7. Will my direct deposit and automated payments (ACH) be affected? We are working hard behind the scenes to make this transition as seamless as possible for you to enjoy uninterrupted access to your money. All current reoccurring ACH direct deposits and withdrawals will continue to work as it has. Any new ACH direct deposits and withdrawals set up after June 30, 2022, should use your new McCoy account number and routing number.

  8. Can I continue to use my current Gulf States checks? There will be a change to your account number, and you will receive a free box of checks to replace your existing checks. In the meantime, you can continue to use your existing checks, as they will still work.

  9. Will there be new faces at the branch? I like to work with the people I already know. Along with the branch staff you already know, there will be additional staff available to assist you.

  10. When will the name change for the credit union? Is there going to be a new sign for the building? The name is changed now. New signage will be coming soon.

  11. Will my debit card still work? When will I get a new card from McCoy? Your current debit card will work until you receive your new McCoy debit card.

Important Documents


Account Disclosure

Fee Schedule

Owner's Manual

Privacy Policy

 

McCoy Member Benefits

 

GreenPath Financial Wellness

You are eligible for free financial counseling from GreenPath Financial Wellness, our personal money management partner. They assist with personal and family budgeting, understanding your credit report, improving your credit score, debt repayment, and more.


MEMBERS Financial Services

This program offers various insurance and investment programs that complement traditional credit union savings programs. This includes 401k/pension rollovers, life insurance, retirement planning, annuities, mutual funds, wealth management and more.


Scorecard

Earn rewards every time you use your card. Available with debit cards through Smarter, Smart and Fresh Start checking accounts and some credit card options.


Quorum Insurance

Our partnership with Quorum Insurance helps you save on auto insurance, health insurance, property insurance and business insurance.