2018-10-11T20:55:02-05:00 2017-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2017-01-01 310568628 General Electric Credit Union % GENERAL ELECTRIC CREDIT UNIO GENE 5132434328 10485 Reading Road Cincinnati OH 45241 TIMOTHY D BALLINGER PRESIDENT/CEO 5132434328 2018-11-15 true MICHAEL J SUMMERS P00838533 3173834000 2018-11-15 167.68.126.162 43033020182845000093 2018-10-11 P 7A3918F54FB33634FB28EDFB12105AF57F04990A 044A2AED37EC84B6C9EB8C13C8A8970068B737BA 2017 2018-06-14 16:35:46Z TIMOTHY D BALLINGER 10485 READING ROAD CINCINNATI OH 45241 182558390 false X WWW.GECREDITUNION.ORG X 1954 OH TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 8 8 292 12 79235 -23156 0 0 87213328 102749964 1823273 506346 7537 0 89044138 103256310 10000 33750 0 0 14585090 17402836 0 0 0 53761170 73831214 68356260 91267800 20687878 11988510 2817870743 2795896170 2564604986 2529990360 253265757 265905810 X TO PROVIDE QUALITY MEMBER SERVICE. FINANCIAL SERVICES PROVIDED TO MEMBERS SHALL BE IN AS WIDE A VARIETY AS POSSIBLE AND OFFERED AS CONVENIENTLY AS POSSIBLE WHILE EMPHASIZING FRIENDLINESS. MANAGEMENT SHALL WORK TO FURTHER IMPROVE THE OVERALL FINANCIAL CONDITION OF THE CREDIT UNION THROUGH CONTINUATION OF SOUND ASSET/LIABILITY MANAGEMENT. false false PROVIDE 184,616 MEMBER-OWNERS ACCESS TO VARIOUS DEPOSIT PRODUCTS INCLUDING REGULAR SHARE, SHARE DRAFT, CD'S, MMDA, IRA, ALL TOTALING 285,054 ACCOUNTS ORIGINATED OVER $1.1 BILLION IN VARIOUS LOANS INCLUDING PERSONAL, AUTO, MARINE/RV, BUSINESS, INDIRECT, AND RESIDENTIAL LOANS BOTH FIRST, SECOND, AND HELOCS OFFER MEMBER ACCESS TO THEIR ACCOUNTS THROUGH VARIOUS PORTALS INCLUDING ATM'S, DEBIT CARDS, BILL PAYMENT, WIRE TRANSFERS, TRAVELERS CHECKS PLUS SAFE DEPOSIT BOXES, SCHOLARSHIP OPPORTUNITIES, AND VARIOUS INSURANCE PRODUCTS false false false false false false false false false true false true 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 50058 0 true 292 true true true false false false false false X 8 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 832312 0 142379 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 X 0 0 0 Richard Ille Secretary/Treasurer 1.0 0.0 X X 0 0 0 Gene Neff Director 1.0 0.0 X 0 0 0 Jerry Cabe Director 1.0 0.0 X 0 0 0 Robert Peak Director 1.0 0.0 X 0 0 0 Robert Litzinger CFO (End 10/31/17) 40.0 0.0 X 165845 0 17806 Joan Moore CFO (End 1/13/17) 40.0 0.0 X 342388 0 64245 Matthew Dole Human Resources Director 40.0 0.0 X 201705 0 66580 Jill Lingo Marketing Director 40.0 0.0 X 180757 0 46909 Brian Lucas Compliance 40.0 0.0 X 153783 0 30022 Donna Miller COO (End 1/13/17) 40.0 0.0 X 475061 0 88538 Neil Peterson Director of Lending Services 40.0 0.0 X 219000 0 75758 Kevin Riede Director of IT 40.0 0.0 X 207994 0 70302 Ashley Cunningham Bus. Dvlpmnt/Member Service 40.0 0.0 X 139670 0 32912 Brian Irvine Assistant Comptroller 40.0 0.0 X 135169 0 44273 Jeffrey Lenzer IT Security Risk Management 40.0 0.0 X 129651 0 12923 William Meyer Mortgage Manager 40.0 0.0 X 144390 0 28115 Melissa Ziegelmeyer Director of Internal Audit 40.0 0.0 X 133338 0 1912 3461063 0 722674 14 false true false Statman Harris and Eyrich 3700 Carew Tower 441 Vine St CINCINNATI OH 45202 Legal 221915 Vantiv Holding LLC 8500 Governors Hill Drive SYMMES TOWNSHIP OH 45249 Debit Card/ATM Prcsg 1242239 FISERV PO Box 745148 ATLANTA GA 303745148 Core Processing 625625 Equifax PO Box 740253 ATLANTA GA 303740256 Credit Reports 296588 Trak Staffing Service 625 Eden Park Drive CINCINNATI OH 45202 Staffing Service 997829 5 0 LOAN INTEREST 522100 86349070 86349070 FEE/OTHER INCOME 522100 16400894 16321659 79235 102749964 1658752 1658752 0 0 0 0 0 78149674 79302080 -1152406 -1152406 -1152406 0 0 0 0 0 0 0 0 0 0 103256310 103177075 79235 19750 14000 0 0 3381384 0 9729526 158976 3215563 917387 0 347154 458880 0 0 0 3016742 367845 2257603 0 0 1304569 0 0 144402 36811309 0 739828 308081 PROVISION FOR LOAN LOSS 21520894 LOAN SERVICING 3952744 DATA PROCESSING EXPENSE 2459691 MISCELLANEOUS OPERATING 141472 91267800 2933807 2861153 9429260 9726912 0 0 4374738 7646691 0 0 0 0 2542772370 2549431956 0 0 128706 571380 15460172 6323318 9046655 9136854 0 0 89416766 26748308 135546138 160394967 0 0 24222303 29377949 2817870743 2795896170 26301937 18196808 0 0 0 0 0 0 0 0 0 0 175000000 0 0 0 2363303049 2511793552 2564604986 2529990360 X 0 0 0 0 253265757 265905810 253265757 265905810 2817870743 2795896170 11988510 376543 275000 X false true X true false 457743 457743 10231733 3493837 6737896 37107 37107 4733589 2829481 1904108 0 0 0 9136854 CORP ONE FEDERAL CREDIT UNION 160394967 C 160394967 0 MEMBER SHARES 2511793552 2511793552 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 1 scholarships 7 14000 Part I, Line 2: Scholarship recipients complete applications and are chosen by committee based on certain criteria. Documentation is maintained on the recipients. Part III, Column A: 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 true false false Timothy D Ballinger President/CEO 651572 172027 8713 124683 0 17696 0 974691 0 0 0 Ashley Cunningham Bus. Dvlpmnt/Member Service 100575 33827 5268 15523 0 17389 0 172582 0 0 0 Matthew Dole Human Resources Director 154820 46885 0 48884 0 17696 0 268285 0 0 0 Brian Irvine Assistant Comptroller 114624 20545 0 26701 0 17572 0 179442 0 0 0 Jill Lingo Marketing Director 130730 50027 0 29245 0 17664 0 227666 0 0 0 Robert Litzinger CFO (End 10/31/17) 160845 5000 0 2359 0 15447 0 183651 0 0 0 Brian Lucas Compliance 133452 20331 0 12539 0 17483 0 183805 0 0 0 William Meyer Mortgage Manager 122250 22140 0 10497 0 17618 0 172505 0 0 0 Donna Miller COO (End 1/13/17) 78630 100075 296356 83717 0 4821 0 563599 0 0 0 Joan Moore CFO (End 1/13/17) 60083 78213 204092 62019 0 2226 0 406633 0 0 0 Neil Peterson Director of Lending Services 174339 44661 0 58062 0 17696 0 294758 0 0 0 Kevin Riede Director of IT 149749 58245 0 52606 0 17696 0 278296 0 0 0 SCHEDULE J, PART I, LINE 1A 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. SCHEDULE J, PART 1, LINE 4A JOAN MOORE AND DONNA MILLER RECEIVED SEVERANCE PAYMENTS DURING 2017. THESE AMOUNTS ARE INCLUDED WITH REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND REPORTED AS OTHER REPORATABLE COMPENSATION ON SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINE 6: 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: 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: CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS AND CHARTER CHANGES. Form 990, Part VI, Section B, Line 11b: 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: 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 transcations 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: President/CEO evaluation is completed by Human Resources and a Compensation Committee made up of selected Board of Directors members. The evaluation is submitted to the entire Board of Directors for review and approval. Salary increases are based on Credit Union performance and compensation/salary survey. This review was last conducted in 2017. Key Employees and the CFO are evaluated by the President/CEO and Human Resources. Salary increases are approved by the President/CEO and submitted to the Executive Committee of the Board of Directors for review and approval. Employees are reviewed annually on their anniversary date. Form 990, Part VI, Section C, Line 19: Financial Statements are posted in the Credit Union lobby. Other documents and policies are available for review upon request. CUSO Corporation 10485 Reading Road Cincinnati OH 45241 311420019 Mortgage Serv OH GECU C corp 306243 163972 1.00000 true false false false false false true false false false false false false false true true true true false false CUSO CORPORATION F 275000 CASH CUSO CORPORATION N 52452 CASH CUSO CORPORATION O 27549 CASH CUSO CORPORATION Q 24962 CASH