Mobiloil Credit Union

Mobiloil Financial Group

Mobiloil Financial Group is pleased to offer many services to our members.


Services provided include, but are not limited to the following:

  • 401k Rollovers
  • Retirement Planning
  • Tax Advantaged Investing
  • Investment Portfolio Review
  • Estate Planning
  • Long Term Care Insurance
  • Individual Stocks and Bonds
  • Mutual Funds
  • Variable and Fixed Annuities
  • Life Insurance

Mobiloil Federal Credit Union would like to introduce our Financial Consultants:

Phillip Salter

I am originally from Baytown, Texas, just outside the EXXON gates. My family moved in 1959 to Baton Rouge, LA, where my father sold and serviced refinery equipment. While growing up, I attended the Marine Military Academy, Robert E. Lee HS and LSU majoring in Finance. While in school, I worked for my father’s business in oil and gas equipment sales and service until I left Baton Rouge in 1986, after my father’s retirement. I joined Shearson Lehman Brothers in 1987 and moved to Washington DC. In 1993, I left the big brokerage environment for bank brokerage where I could better focus on my clients and where I have now spent over 20 years of my career. I worked as the department head for a regional bank serving the bank’s high net worth clients prior to my move to Beaumont. In 2001, I joined Hibernia Investments where I stayed until 2006. While working for Hibernia, my office was consistently ranked as a top office, winning many awards.

In 2006, I opened Salter Financial Group with my former partner, Kathryn Cothran. I have been married to my wife, Gina, for over 25 years and we have one son, Harrison. My hobbies are Harrison, Gina and flying my Russian military trainer. Gina is a United Airlines Flight Attendant with over 30 years tenure.

Contact at: (409) 924-5141 or

Investment and insurance products are not deposits or federally insured and involve investment risks. The Summit Brokerage registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Texas and Louisiana.

Mobiloil Financial Group is an independent firm with securities offered through Summit Brokerage Services, Inc., Member FINRA, SIPC. 

Not NCUA Insured***No Credit Union Guarantee****May Lose Value.


Have a question? Contact us online, give us a call at 409.892.1111, Toll Free at 800.892.1111 or stop by a location close to you for any questions you may have. We’re here to help.