2020-07-10T13:47:42-05:00 2019-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-01-01 310568628 General Electric Credit Union % GENERAL ELECTRIC CREDIT UNIO GENE 5132434328 10485 Reading Road Cincinnati OH 45241 KEVIN MOTLEY CFO 5132434328 2020-07-15 true MICHAEL J SUMMERS P00838533 3173834000 2020-07-15 167.68.126.162 43033020201915000069 2020-07-09 P B5ACE256890F413F9CC1F85E457A2C2304377692 E43C2FEF5D838BC286DC3B96AF984EDC8464B4B8 2019 2021-04-22 16:20:28Z TIMOTHY D BALLNGER 10485 READING ROAD CINCINNATI OH 45241 136441435 false X WWW.GECREDITUNION.ORG X 1954 OH PROVIDING FINANCIAL SERVICES TO ITS MEMBERS/OWNERS. 9 8 425 12 240377 -185783 0 0 108851893 120493247 3870819 12815038 0 0 112722712 133308285 28100 35000 0 0 21444435 28074664 0 0 0 77404688 92860417 98877223 120970081 13845489 12338204 3042586327 3361431298 2762788128 3069031182 279798199 292400116 PROVIDING A VARIETY OF QUALITY PRODUCTS AND SERVICES DESIGNED TO BENEFIT MEMBERS EXPERIENCE THROUGH A STRONG FINANCIAL AND VIABLE CREDIT UNION STRUCTURE. false false PROVIDIDE 198,500 MEMBERS A VARIETY OF LOAN AND DEPOSIT SERVICES AT COMPETITIVE INTEREST RATES. PROVIDED 24,800 LOANS IN EXCESS OF $945 MILLION IN VARIOUS LOANS TYPES INCLUDING RESIDENTIAL, COMMERCIAL, CONSUMER, AND INDIRECT AUTO, MARINE, AND RV LOANS. CONTINUED INTEGRATION AND INCREASED TECHNOLOGY TO MAXIMIZE VARIOUS ONLINE PORTALS THAT ACCESS THE VARIETY OF PRODUCTS AND SERVICES PROVIDED TO MEMBERS RELATIONSHIP. false false false false false false false false false true false false false true false false true false false false false false false false false false true true true false false false false false false false false false false false true false false true 64031 0 true 425 true true true false false false false false false false X 9 8 false false false false true true true true true false true true false true false false true true true true false X GENERAL ELECTRIC CREDIT UNIO 5132434328 10485 READING ROAD CINCINNATI OH 45241 Timothy D Ballinger President/CEO 40.0 0.0 X X 948348 0 55905 Kevin Motley CFO 40.0 0.0 X 312888 0 24789 Neil Peterson Director of Lending Services 40.0 0.0 X 237880 0 94538 Matthew Dole Human Resources Director 40.0 0.0 X 230667 0 83705 Kevin Riede Director of IT 40.0 0.0 X 211858 0 89582 Jill Lingo Marketing Director 40.0 0.0 X 194161 0 55137 Ashley Cunningham Bus. Dvlpmnt/Member Service 40.0 0.0 X 182705 0 59078 Brian Lucas Compliance 40.0 0.0 X 199828 0 33424 Jason Wabrick VP OF CONSUMER LOANS 40.0 0.0 X 207192 0 23182 Melissa Ziegelmeyer Director of Internal Audit 40.0 0.0 X 175755 0 10184 Sharon Short Collection Manager 40.0 0.0 X 115582 0 66240 Jeffrey Lenzer IT Security Risk Management 40.0 0.0 X 160208 0 20838 Nicholas McEvoy CHIEF DELIVERY OFFICER 40.0 0.0 X 134000 0 23815 Jason Leyda VP OF TREASURY MANAGEMENT 40.0 0.0 X 124152 0 25626 Ryan Flanigan VP OF ITM SERVICES 40.0 0.0 X 121300 0 21117 Mary Cay Vessells Chairperson 1.0 0.0 X X 0 0 0 Michael Johnson 1st Vice Chairperson 1.0 0.0 X X 0 0 0 Cheryl Hill 2nd Vice Chairperson 1.0 0.0 X 0 0 0 Richard Ille Secretary/Treasurer 1.0 0.0 X X 0 0 0 Jerry Cabe Director 1.0 0.0 X 0 0 0 Perry Engstrom Director 1.0 0.0 X 0 0 0 Gayle Nyswonger Director 1.0 0.0 X 0 0 0 Robert Peak Director 1.0 0.0 X 0 0 0 3556524 0 687160 23 false true false FISERV PO Box 745148 ATLANTA GA 303745148 Core Processing 2598004 Trak Staffing Service 625 Eden Park Drive CINCINNATI OH 45202 Staffing Service 1503151 NCR CORPORATION 14181 Collections Center Drive CHICAGO IL 60693 IT SERVICE 2033429 MORELIA GROUP 8600 GOVERNORS HILL DRIVE STE 160 CINCINNATI OH 45249 CONSULTING 2396819 16 POINTS 39 BROADWAY STE 3300 RM 14 NEW YORK NY 10006 INVESTMENTS 1039350 45 0 LOAN INTEREST 522100 104360072 104360072 FEE/OTHER INCOME 522100 16133175 15892798 240377 120493247 10089646 10089646 0 0 0 0 0 5790224 68318 3133150 2657074 68318 2725392 2725392 0 0 0 0 0 0 0 0 0 0 133308285 133067908 240377 23000 12000 0 0 3381478 0 15705827 902891 6641697 1442771 0 541763 275324 0 0 0 3271515 1787352 1651020 0 0 3247151 58706 0 164786 62289020 0 1375944 273228 PROVISION FOR LOAN LOSS 10626152 LOAN SERVICING 2813196 DATA PROCESSING EXPENSE 3855098 MISCELLANEOUS OPERATING 630162 120970081 2774220 2915585 251851006 368549930 0 0 3268591 2857821 0 0 0 0 2663692464 2756762692 0 0 984492 927741 48363324 6706921 14463081 41656403 0 0 26755061 101561631 48531551 52842491 0 0 30265861 33357004 3042586327 3361431298 18537774 13845330 0 0 0 0 0 0 0 0 0 0 0 149429099 0 0 2744250354 2905756753 2762788128 3069031182 X 0 0 0 0 279798199 292400116 279798199 292400116 3042586327 3361431298 12338204 38713 225000 X false true X true false 15570002 15570002 25809981 4310897 21499084 412744 30244 382500 6570597 2365780 4204817 41656403 0 MEMBER SHARES 2905756753 2905756753 SCHEDULE D, PART X, LINE 2: FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIIONS UNDER THE GUIDANCE INCLUDED IN ASC 470. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true GE Employee's Community Service Fund ONE NEUMANN WAY H334 CINCINNATI OH 45215 316049266 501(c)(3) 13000 GENERAL SUPPORT MAY WE HELP 7501 WOOSTER PIKE CINCINNATI OH 12004 271490751 501(c)(3) 10000 GENERAL SUPPORT 2 SCHOLARSHIPS 6 12000 Schedule I, Part I, Line 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: Scholarship recipients complete applications and are chosen by committee based on certain criteria. Documentation is maintained on the recipients. Schedule I, Part III, Column A: TYPE OF GRANT OR ASSISTANCE: Scholarships are awarded to General Electric Credit Union members that are graduating from high school and continuing their education. X true true X X X false false false Timothy D Ballinger President/CEO 735316 206300 6732 38187 0 17718 0 1004253 0 0 0 Kevin Motley CFO 244031 68857 0 24073 0 716 0 337677 0 0 0 Ashley Cunningham Bus. Dvlpmnt/Member Service 143598 35502 3605 41662 0 17416 0 241783 0 0 0 Matthew Dole Human Resources Director 177253 53414 0 66208 0 17497 0 314372 0 0 0 Jeffrey Lenzer IT Security Risk Management 124447 35761 0 12445 0 8393 0 181046 0 0 0 Jill Lingo Marketing Director 152937 41224 0 37415 0 17722 0 249298 0 0 0 Brian Lucas Compliance 158871 40957 0 15887 0 17537 0 233252 0 0 0 Neil Peterson Director of Lending Services 189752 48128 0 76820 0 17718 0 332418 0 0 0 Kevin Riede Director of IT 168266 43592 0 71814 0 17768 0 301440 0 0 0 Melissa Ziegelmeyer Director of Internal Audit 138077 37678 0 9483 0 701 0 185939 0 0 0 Nicholas McEvoy CHIEF DELIVERY OFFICER 121500 12500 0 6338 0 17477 0 157815 0 0 0 Sharon Short Collection Manager 101470 14112 0 48847 0 17391 0 181820 0 0 0 Jason Wabrick VP OF CONSUMER LOANS 117236 89956 0 5561 0 17621 0 230374 0 0 0 SCHEDULE J, PART I, LINE 1A: COMPENSATION BENEFITS RECEIVED: THE CREDIT UNION HAS POLICIES WHICH ALLOW CERTAIN TRAVEL EXPENSES TO BE PAID BY THE CREDIT UNION WHEN A GUEST ACCOMPANIES AN OFFICIAL OR EMPLOYEE ON CREDIT UNION BUSINESS. THESE EXPENSES ARE TREATED AS TAXABLE INCOME TO THE OFFICIAL OR EMPLOYEE ON WHOSE BEHALF THE EXPENSES ARE PAID. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A: MEMBERS OF THE GOVERNING BODY: THE BOARD OF DIRECTORS IS ELECTED BY A MEMBERSHIP BALLOT VOTE COUNTED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THE RESULTS ARE ANNOUNCED AT THE ANNUAL MEETING. EACH MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B: GOVERNANCE DECISIONS RESERVED FOR MEMBERS: CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS AND CHARTER CHANGES. FORM 990, PART VI, SECTION B, LINE 11B: PROCESS TO REVIEW THE FORM 990: A REVIEW IS CONDUCTED BY THE CFO, PRESIDENT/CEO AND HUMAN RESOURCE DIRECTOR PRIOR TO SUBMISSION TO THE IRS. THE RETURNS ARE MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C: CONFLICT OF INTEREST POLICY: EMPLOYEES AND BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST WHEN THEY OCCUR. IF THERE IS ANY INDICATION THAT ACTIVITIES MAY CAUSE A CONFLICT, EMPLOYEES SHOULD CONSULT THEIR IMMEDIATE SUPERVISOR OR CEO. CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS INVOLVING DIRECTORS AND EXECUTIVE OFFICERS MUST BE REVIEWED BY THE SUPERVISORY COMMITTEE OR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A & 15B: PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND OTHER OFFICERS: PRESIDENT'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE COMPRISED OF SELECTED BOARD MEMBERS. ONCE COMPLETED, THE EVALUATION IS SUBMITTED TO THE FULL BOARD FOR APPROVAL. SALARY INCREASES ARE PERFORMANCE BASED AND INCLUDE SALARY SURVEYS. EXECUTIVE LEVEL SALARIES ARE EVALUATED BY THE PRESIDENT AND HUMAN RESOURCES WITH SUGGESTED SALARY INCREASES PRESENTED AND APPROVED BY THE EXECUTIVE COMMITTEE. ALL OTHER EMPLOYEE'S COMPENSATION ARE REVIEWED ANNUALLY ON THEIR ANNIVERSARY DATE. LAST REVIEW WAS IN 2019. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ALSO POSTED ON THE CREDIT UNION'S WEBSITE AND THROUGH THE DISTRIBUTION OF THE ANNUAL REPORT. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CUSO Corporation 10485 Reading Road Cincinnati OH 45241 311420019 Mortgage Serv OH GECU C corp 300307 131973 1.00000 true false false false false false true false false false false false false false true true false false false false CUSO CORPORATION F 225000 CASH CUSO CORPORATION N 37127 CASH CUSO CORPORATION O 29442 CASH