2021-09-15T18:07:22-05:00 2020-12-31 010592228 PATE & APPLEBY LLP 1011 MONTANA AVENUE EL PASO TX 79902 990 2020-01-01 740650998 GECU GECU 9157789221 1225 AIRWAY EL PASO TX 79925 CRYSTAL LONG PRESIDENT AND CEO 9157789221 2021-09-15 1 CRYSTAL LONG 999009999 RICHARD DE SANTOS P01385749 9155328000 2021-09-15 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CRYSTAL LONG 1225 AIRWAY EL PASO TX 79925 244319050 0 X WWW.GECU.COM X 1932 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES 7 7 1019 0 2515341 0 0 0 219995699 148530427 5338388 2283941 0 73458755 225334087 224273123 0 0 0 0 56002383 58987430 0 0 0 130817245 142086699 186819628 201074129 38514459 23198994 2923496822 3522965036 2598965834 3174775135 324530988 348189901 PROVIDE OUR MEMBERS AND OUR COMMUNITY WITH CONVENIENT, SUPERIOR FINANCIAL PRODUCTS AND SERVICES THAT PAVE THE WAY FOR FINANCIAL FREEDOM. 0 0 GECU IS A MEMBER-OWNED, COOPERATIVE, NON-PROFIT FINANCIAL SERVICES PROVIDER INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT TO ENCOURAGE THRIFT AMONG MEMBERS, PROVIDE CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND CREATE OPPORTUNITIES TO IMPROVE ITS MEMBERS' ECONOMIC CONDITION. GECU OFFERS PERSONAL, AUTO, BUSINESS AND HOME LOANS TO ITS MEMBERS. AT DECEMBER 31, 2020, TOTAL NUMBER OF OUTSTANDING LOANS WAS 207,255 WITH AN OUTSTANDING BALANCE OF $2,535,351,659. GECU ALSO PROVIDES VARIOUS DEPOSIT ACCOUNT OPTIONS INCLUDING CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, INDIVIDUAL RETIREMENT ACCOUNTS AND MONEY MARKET ACCOUNTS. AT DECEMBER 31, 2020, TOTAL DEPOSIT ACCOUNTS WERE 638,049 AND OUTSTANDING DEPOSITS WERE $3,022,014,311. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 299239 0 1 1019 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X ALEX RASCON 9157741968 1225 AIRWAY EL PASO TX 79925 GREGORY J WATTERS DIRECTOR 5.00 X 350 0 0 JOSE I QUINONEZ DIRECTOR 3.00 X 325 0 0 GUADALUPE GINER DIRECTOR 3.00 X 425 0 0 RICARDO SOTO DIRECTOR 3.00 X 400 0 0 TERESA QUEZADA DIRECTOR 3.00 X 325 0 0 GRACE VAUGHN DIRECTOR 3.00 X 325 0 0 JOHN RUNKLES DIRECTOR 3.00 X 425 0 0 CRYSTAL D LONG PRESIDENT/CEO 40.00 X 1035542 0 287137 TERESA MONTOYA SR. VP - CHIEF MARKETING O 40.00 X 282427 0 107818 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS 40.00 X 315571 0 131004 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE 40.00 X 323848 0 118078 HAZEL KENNEDY SR. VP - CHIEF LENDING OFF 40.00 X 305259 0 124571 ROY TOMPKINS SR. VP - CHIEF COMMERCIAL 40.00 X 368738 0 99077 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION 40.00 X 291391 0 117401 DAVID RASCON SR. VP - CHIEF FINANCIAL O 40.00 X 236848 0 115893 YOUNG VASQUEZ VP - HUMAN RESOURCES 40.00 X 144190 0 33955 LETICIA RAMOS VP - MORTGAGE 40.00 X 265547 0 49124 MIKE SARABIA VP - INTERNAL AUDIT 40.00 X 166753 0 49100 DANIEL VASQUEZ VP - CAREER AND TALENT DEV 40.00 X 174766 0 29739 AIDA ARCE VP - PROJECT MANAGEMENT OFFICER 40.00 X 128864 0 42701 ROBERT ECKHART VP - INFORMATION SECURITY 40.00 X 133974 0 38003 JOSE A FLORES GUERRERO VP - INFORMATION SYSTEMS 40.00 X 133914 0 13780 MICHELLE RODRIGUEZ VP - TRAINING & TALENT DEVELOPMENT 40.00 X 97600 0 20386 RAYMOND STALLINGS VP - INFORMATION TECHNOLOGY 40.00 X 176285 0 46009 JOE B UNDERWOOD VP - HUMAN RESOURCES 40.00 X 191004 0 36775 JAQUE VALDEZ VP - BRANCH OPERATIONS 40.00 X 173021 0 37874 STEVEN WANTUCK VP - UNDERWRITING & DEALER SERVCE 40.00 X 185002 0 32180 AMANDA M WILLIAMS VP - PAYMENT & REMOTE SERVICE 40.00 X 106529 0 32376 ENRIQUE ZARAGOZA VP - COMMUNICATION 40.00 X 138500 0 19383 JANETTE COON PRESIDENT 40.00 X 145562 0 25038 SANDRA LUJAN AVP - MORTGAGE LENDING 40.00 X 196200 0 35082 KEREN AGUILAR MORTGAGE DEVELOPMENT OFFICER 40.00 X 146048 0 5508 JULIETA VASQUEZ LOAN OFFICER 40.00 X 148413 0 30488 BEATRICE LICH MORTGAGE DEVELOPMENT OFFICER 40.00 X 139572 0 8208 DAVID SOLIS FORMER SR. VP - CFO 40.00 X 128397 0 0 6282340 0 1686688 44 1 1 0 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 FINANCIAL SERVICES 13745952 NCR CORPORATION 14181 COLLECTION CENTER DRIVE DISC CHICAGO IL 60693 IT SERVICES 8843296 DBSI INCORPORATED 6950 W MORELOS PL STE 1 CHANDLER AZ 85226 FACILITIES CONSTRUCTION AND RECONSTRUCTI 7059455 SHI INTERNATIONAL CORP 290 DAVIDSON AVE SOMERSET NJ 08873 COMPUTER SOFTWARE, HARDWARE AND IT 4519677 PIVOT TECHNOLOGY SERVICES 2500 CITY WEST BLVD STE 2300 DALLAS TX 75373 IT SOLUTIONS 4400494 82 INTEREST ON LOANS 522291 148530427 148530427 148530427 1422017 1422017 11566641 9341210 11538486 8507441 28155 833769 861924 861924 SERVICE CHARGES AND FEES 522100 47434161 47080911 353250 OTHER, NET 522100 20834205 18672114 2162091 INSURANCE PRODUCTS 524298 5190389 5190389 73458755 224273123 220335765 2515341 1422017 8008877 39198391 2893486 5771911 3114765 313398 78141 5421207 7404095 6057307 5579598 114392 175865 26248177 10604043 878960 OFFICE OPERATIONS 34710467 PROVISION FOR LOAN LOSS 33572155 OTHER OPERATING EXPENSE 10928894 201074129 150661165 685956954 1251772 1258559 2536014063 2517993768 4555073 6325534 155004923 76139724 72314562 78865199 72852880 123676908 85847307 108888114 2923496822 3522965036 23318244 26538952 1474323 2436262 122866544 123785609 2451306723 3022014312 2598965834 3174775135 X 16834261 16834261 0 0 307696727 331355640 324530988 348189901 2923496822 3522965036 X 23198994 486405 -26486 X X 0 1 X 1 0 0 1 X 6409311 6409311 68548386 23341435 45206951 20660079 9281630 11378449 59387147 43516659 15870488 78865199 MEMBERS' SHARES AND SAVINGS ACCOUNTS 3022014312 3022014312 X 224273123 0 224273123 0 224273123 201074129 0 201074129 0 201074129 PART IV, LINE 2B: THE CREDIT UNION SERVICES MORTGAGE LOANS AND HOLDS FUNDS IN ESCROW FOR TAXES AND INSURANCE PAYMENTS ON BEHALF OF THE BORROWERS. PART X, LINE 2: THE AUDIT REPORT DOES NOT DISCLOSE ANY UNCERTAIN TAX POSITIONS UNDER FIN 48. X 1 1 X X X 0 1 0 CRYSTAL D LONG PRESIDENT/CEO 728712 0 306830 0 0 0 275495 0 11642 0 1322679 0 0 0 ROY TOMPKINS SR. VP - CHIEF COMMERCIAL 324774 0 43964 0 0 0 87435 0 11642 0 467815 0 0 0 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS 265507 0 50064 0 0 0 119362 0 11642 0 446575 0 0 0 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE 274733 0 49115 0 0 0 118078 0 0 0 441926 0 0 0 HAZEL KENNEDY SR. VP - CHIEF LENDING OFF 260988 0 44271 0 0 0 118473 0 6098 0 429830 0 0 0 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION 258386 0 33005 0 0 0 100155 0 17246 0 408792 0 0 0 TERESA MONTOYA SR. VP - CHIEF MARKETING O 252359 0 30068 0 0 0 90572 0 17246 0 390245 0 0 0 DAVID RASCON SR. VP - CHIEF FINANCIAL O 208649 0 28199 0 0 0 98647 0 17246 0 352741 0 0 0 LETICIA RAMOS VP - MORTGAGE 182028 0 83519 0 0 0 37481 0 11643 0 314671 0 0 0 SANDRA LUJAN AVP - MORTGAGE LENDING 118885 0 77315 0 0 0 23388 0 11694 0 231282 0 0 0 JOE B UNDERWOOD VP - HUMAN RESOURCES 170150 0 20854 0 0 0 26119 0 10656 0 227779 0 0 0 RAYMOND STALLINGS VP - INFORMATION TECHNOLOGY 167480 0 8805 0 0 0 34604 0 11405 0 222294 0 0 0 STEVEN WANTUCK VP - UNDERWRITING & DEALER SERVCE 174070 0 10932 0 0 0 26082 0 6098 0 217182 0 0 0 MIKE SARABIA VP - INTERNAL AUDIT 150684 0 16069 0 0 0 31854 0 17246 0 215853 0 0 0 JAQUE VALDEZ VP - BRANCH OPERATIONS 156794 0 16227 0 0 0 31776 0 6098 0 210895 0 0 0 DANIEL VASQUEZ VP - CAREER AND TALENT DEV 155840 0 18926 0 0 0 23641 0 6098 0 204505 0 0 0 JULIETA VASQUEZ LOAN OFFICER 81170 0 67243 0 0 0 13242 0 17246 0 178901 0 0 0 YOUNG VASQUEZ VP - HUMAN RESOURCES 135585 0 8605 0 0 0 27408 0 6547 0 178145 0 0 0 ROBERT ECKHART VP - INFORMATION SECURITY 127090 0 6884 0 0 0 26598 0 11405 0 171977 0 0 0 AIDA ARCE VP - PROJECT MANAGEMENT OFFICER 120388 0 8476 0 0 0 25455 0 17246 0 171565 0 0 0 JANETTE COON PRESIDENT 121591 0 23971 0 0 0 7792 0 17246 0 170600 0 0 0 ENRIQUE ZARAGOZA VP - COMMUNICATION 129431 0 9069 0 0 0 7978 0 11405 0 157883 0 0 0 KEREN AGUILAR MORTGAGE DEVELOPMENT OFFICER 91362 0 54686 0 0 0 5508 0 0 0 151556 0 0 0 DAVID SOLIS FORMER SR. VP - CFO 128397 0 0 0 0 0 0 0 0 0 128397 0 0 0 PART I, LINE 4B PARTICIPANTS IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CRYSTAL LONG - $ 432,901 TERESA MONTOYA - $ 283,621 FERNANDO ORTEGA - $ 173,107 ROY TOMPKINS - $ 181,693 JEFFREY D. THOMAS - $ 20,121 RAYMOND W. STALLINGS$ 17,728 ROBERT J. ECKHART - $ 18,661 YOUNG VASQUEZ - $ 10,199 CECILIA DAVILA - $ 81,047 HAZEL KENNEDY - $ 92,627 SHARON PALMORE - $ 115,137 LETICIA RAMOS - $ 133,125 DAVID SOLIS - $ 95,154 JOE UNDERWOOD - $ 114,595 DANIEL VASQUEZ - $ 36,374 CARLA SPAULDING - $ 1,382 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A STATE CHARTERED COMMUNITY CREDIT UNION. MEMBERSHIP IS ESTABLISHED THROUGH THE OPENING OF SHARE ACCOUNTS AT THE INSTITUTION. MEMBERS VOTE AT AN ANNUAL MEETING TO ELECT REPRESENTATIVES TO THE BOARD OF DIRECTORS OF THE INSTITUTION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS A STATE CHARTERD COMMUNITY CREDIT UNION. MEMBERSHIP IS ESTABLISHED THROUGH THE OPENING OF SHARE ACCOUNTS AT THE INSTITUTION. MEMBERS VOTE AT AN ANNUAL MEETING TO ELECT REPRESENTATIVS TO THE BOARD OF DIRECTORS OF THE INSTITUTION. FORM 990, PART VI, SECTION A, LINE 7B AS DISCUSSED IN 7A, MEMBERS HOLD ELECTIONS AT AN ANNUAL MEETING TO ELECT MEMBERS TO THE BOARD OF DIRECTORS FOR THOSE BOARD MEMBERS WHOSE TERMS ARE ENDING. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW FORM 990 PRIOR TO FILING. UPON COMPLETION OF THEIR REVIEW THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION INFORMS THE BOARD OF DIRECTORS THAT FORM 990 IS AVAILABLE TO THEM UPON THEIR REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANY OFFICER, DIRECTOR, ADVISORY DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION OR ITS DISREGARDED ENTITY MUST DISCLOSE ANY CONFLICT OF INTEREST PRIOR TO DELIBERATION OR DETERMINATION OF ANY LOAN, INVESTMENT OR ANY OTHER MATTER AFFECTING THAT INDIVIDUAL AND THE INDIVIDUAL CAN NOT PARTICIPATE, DIRECTLY OR INDIRECTLY, IN SUCH DELIBERATION OR DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTION AND ITS DISREGARDED ENTITY USES HRN, AN INDEPENDENT COMPENSATION CONSULTANT, TO SUPPLY COMPARATIVE MARKET DATA. OTHER REPUTABLE SOURCES SUCH AS CUNA, D. HILTON AND CREDIT UNION EXECUTIVE SOCIETY ARE ALSO USED. A REPORT IS PREPARED FOR BOARD OF DIRECTORS REVIEW. THE BOARD WILL SET THE SALARY, BONUS AND BENEFITS FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GECU DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH OFFICE EACH MONTH AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM ANY OFFICER OR MANAGER. FORM 990, PART XI, LINE 9: UNREALIZED HOLDING LOSS ON POST RETIREMENT OBLIGATIONS -26,486. FORM 990, PART XII, LINE 2C NO CHANGES HAVE BEEN MADE WITH REGARDS TO THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT TAX YEAR. PROSPERUS TITLE & ESCROW LLC 6601 MONTANA AVE SUITE A EL PASO TX 79925 825443576 PROVIDE TITLE INSURANCE, SETTLEMENT SERVICES AND VARIOUS LOAN CLOSINGS TX 48933 1316125 GECU GECU FOUNDATION 1225 AIRWAY BLVD EL PASO TX 79925 208801986 FUNDING OF A SCHOLARSHIPS AND GRANTS AND SUPPORT OTHER CHARITABLE CAUSES TX 501(C)(3) LINE 12D, III-O 0 EL PASO CREDIT UNION HOAP INC 6801 VISCOUNT BLVD STE A EL PASO TX 79925 300181693 PROVIDE FINANCIAL LITERACY, HOUSING COUNSELING AND DOWN PAYMENT ASSISTANCE TX 501(C)(3) LINE 12D, III-O 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 EL PASO CREDIT UNION HOAP INC L EL PASO CREDIT UNION HOAP INC N 263298 AMOUNTS PAID EL PASO CREDIT UNION HOAP INC O 485148 AMOUNTS PAID