2017-11-15T16:53:56-06:00 2016-12-31 010592228 PATE & APPLEBY LLP 1011 MONTANA AVENUE EL PASO TX 79902 990 2016-01-01 740650998 GECU GECU 9157789221 1225 AIRWAY EL PASO TX 79925 CRYSTAL LONG PRESIDENT AND CEO 9157789221 2017-05-18 1 RICHARD DE SANTOS P01385749 9155328000 2017-05-18 X 97.79.167.222 2017-05-18 14:28:48 MD P C1B78D9EB1500EE8D0F935AC94B0AA075D68402A ADD723DD0F1CB4A45B051997CCA6AFF6D76D9FAF 2016 2017-02-10 21:41:12Z CRYSTAL LONG 1225 AIRWAY EL PASO TX 79925 205925513 0 X WWW.MYGECU.ORG X 1932 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES 7 7 947 0 431067 0 0 0 135960467 158550379 2423517 3521175 0 0 138383984 162071554 0 0 0 0 36202804 45463433 0 0 0 82501650 97567528 118704454 143030961 19679530 19040593 2294444648 2476945904 2079965035 2242669064 214479613 234276840 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 OUR MEMBER'S ECONOMIC CONDITION. GECU OFFERS PERSONAL, AUTO, BUSINESS AND HOME LOANS TO ITS MEMEBERS. AT DECEMBER 31, 2016, TOTAL NUMBER OF OUTSTANDING LOANS WAS 208,475 WITH AN OUTSTANDING BALANCE OF $2,194,028,108. GECU PROVIDES VARIOUS DEPOSIT ACCOUNT OPTIONS FOR ITS MEMBERS INCLUDING CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, INDIVIDUAL RETIREMENT ACCOUNTS AND MONEY MARKET ACCOUNTS. AT DECEMBER 31, 2016, TOTAL DEPOSIT ACCOUNTS WERE 545,877 AND OUTSTANDING DEPOSITS WERE $2,139,801,222. 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 249088 0 1 947 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X DAVID SOLIS 9157748260 1225 AIRWAY EL PASO TX 79925 GREGORY J WATTERS DIRECTOR 5.00 X 375 0 0 FRANK GARCIA DIRECTOR 3.00 X 325 0 0 JOSE I QUINONEZ DIRECTOR 3.00 X 275 0 0 GUADALUPE GINER DIRECTOR 3.00 X 500 0 0 RICARDO SOTO DIRECTOR 3.00 X 500 0 0 TERESA QUEZADA DIRECTOR 3.00 X 325 0 0 GRACE VAUGHN DIRECTOR 3.00 X 325 0 0 JOHN RUNKLES DIRECTOR 5.00 X 325 0 0 CRYSTAL D LONG PRESIDENT/CEO 40.00 X 722497 0 269945 TERESA MONTOYA SR. VP - CHIEF MARKETING OFFICER 40.00 X 219393 0 49799 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS OFFICER 40.00 X 245133 0 83438 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE OFFICER 40.00 X 232195 0 64783 HAZEL KENNEDY-LEDESMA SR. VP - CHIEF ADMINISTRATIVE OFFICER 40.00 X 216468 0 83134 ROY THOMPKINS SR. VP - CHIEF COMMERCIAL SERVICES OFFICER 40.00 X 312188 0 48037 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION OFFICER 40.00 X 225604 0 59451 ARTURO PEREZ SR. VP - CHIEF LENDING OFFICER 40.00 X 222806 0 44477 JOE UNDERWOOD VP - HUMAN RESOURCES 40.00 X 158491 0 27212 DAVID SOLIS SR. VP - CHIEF FINANCIAL OFFICER 40.00 X 208136 0 50014 LETICIA RAMOS VP - MORTGAGE 40.00 X 145595 0 48224 MIKE SARABIA VP - INTERNAL AUDIT 40.00 X 103916 0 38254 LARRY GARCIA VP - COMMUNITY DEVELOPMENT 40.00 X 114385 0 18819 DANIEL VASQUEZ VP - CAREER AND TALENT DEVELOPMENT 40.00 X 116551 0 22649 RAYMOND STALLINGS EMPLOYEE 40.00 X 133970 0 38689 SANDRA LUJAN EMPLOYEE 40.00 X 142958 0 19503 JACQUE VALDEZ EMPLOYEE 40.00 X 124466 0 35866 JENNY TURNER EMPLOYEE 40.00 X 113359 0 35263 STEVEN WANTUCK EMPLOYEE 40.00 X 107592 0 16617 3868653 0 1054174 21 0 1 0 DBSI INCORPORATED 6950 W MORELOS PL STE 1 CHANDLER AZ 85226 FACILITIES CONSTRUCTION AND RECONSTRUCTI 4854766 SANDERS WINGO 221 N KANSAS STREET EL PASO TX 79901 ADVERTISING 3227850 FIDELITY INFORMATION SERVICE PO BOX 4535 CAROL STREAM IL 60197 MEMBER STATEMENT PROCESSING 3011349 NCR CORPORATION 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 CONSUMER TRANSACTION TECHNOLOGIES 1676732 MIRACLE DELIVERY SERVICE 515 S KANSAS ST EL PASO TX 79901 ARMORED CAR AND COURIER 1024837 10 INTEREST ON LOANS 522100 108645311 108645311 SERVICE CHARGES AND FEES 522100 36800746 36369679 431067 OTHER, NET 522100 8768700 8768700 LIFE & DISABILITY INSURANCE 522100 4335622 4335622 158550379 1902455 1902455 29843302 15629377 29500755 14353204 342547 1276173 1618720 1618720 162071554 159738032 431067 1902455 4151595 31358365 2533273 4920566 2499634 308361 67182 4733704 6158244 3094979 4387824 463146 95131 17447300 7963913 OFFICE OPERATIONS 24422625 PROVISION FOR LOAN LOSS 24352031 OTHER OPERATING EXPENSE 2831284 EDUCATION AND PROMOTION 1241804 143030961 106855142 59913372 1208676 1208676 1946675752 2194028108 2981555 4843288 112880855 51323142 58046143 61557713 111692875 90901088 66984505 64493659 2294444648 2476945904 2077678025 2240725048 2287010 1944016 2079965035 2242669064 X 15580572 15580572 0 0 198899041 218696268 214479613 234276840 2294444648 2476945904 X 19040593 752398 4236 X X 0 1 X 1 0 1 2287010 64141057 64484051 1944016 1 6769369 6769369 60429232 20172865 40256367 45682254 31150277 14531977 61557713 X PART IV, LINE 1B: 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 CREDIT UNION IS EXEMPT, BY STATUTE FROM FEDERAL INCOME TAX. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN IRC SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE IRS ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES AND OPEN AUDIT TAX PERIODS INCLUDE 2013-2016. X 1 1 X X X 0 1 0 CRYSTAL D LONG PRESIDENT/CEO 537499 0 184998 0 0 0 255560 0 14385 0 992442 0 0 0 TERESA MONTOYA SR. VP - CHIEF MARKETING OFFICER 190012 0 29381 0 0 0 36579 0 13220 0 269192 0 0 0 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS OFFICER 205134 0 39999 0 0 0 64217 0 19221 0 328571 0 0 0 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE OFFICER 199046 0 33149 0 0 0 62966 0 1817 0 296978 0 0 0 HAZEL KENNEDY-LEDESMA SR. VP - CHIEF ADMINISTRATIVE OFFICE 186671 0 29797 0 0 0 64088 0 19046 0 299602 0 0 0 ROY THOMPKINS SR. VP - CHIEF COMMERCIAL SERVICES O 273096 0 39092 0 0 0 39760 0 8277 0 360225 0 0 0 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION OFFICER 194104 0 31500 0 0 0 40327 0 19124 0 285055 0 0 0 ARTURO PEREZ SR. VP - CHIEF LENDING OFFICER 192756 0 30050 0 0 0 36723 0 7754 0 267283 0 0 0 JOE UNDERWOOD VP - HUMAN RESOURCES 137495 0 20996 0 0 0 14252 0 12960 0 185703 0 0 0 DAVID SOLIS SR. VP - CHIEF FINANCIAL OFFICER 187480 0 20656 0 0 0 36572 0 13442 0 258150 0 0 0 LETICIA RAMOS VP - MORTGAGE 138973 0 6622 0 0 0 29610 0 18614 0 193819 0 0 0 RAYMOND STALLINGS EMPLOYEE 124103 0 9867 0 0 0 26081 0 12608 0 172659 0 0 0 SANDRA LUJAN EMPLOYEE 92092 0 50866 0 0 0 18593 0 910 0 162461 0 0 0 JACQUE VALDEZ EMPLOYEE 111050 0 13416 0 0 0 23333 0 12533 0 160332 0 0 0 PART I, LINE 4B PARTICIPANTS IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CRYSTAL LONG - $ 235,557 TERESA MONTOYA - $ 106,982 FERNANDO ORTEGA - $ 41,319 ROY TOMPKINS - $ 50,583 DAVID SOLIS - $ 20,285 LETICIA RAMOS - $ 27,322 JOE UNDERWOOD - $ 17,572 CECILIA DAVILA - $ 735 DARLENE PALMORE - $ 6,667 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 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 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 GAIN ON POST RETIREMENT OBLIGATIONS 4,236. 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. GECU FOUNDATION 1225 AIRWAY BLVD EL PASO TX 79925 208801986 FUNDING OF A SCHOLARSHIP ENDOWMENT FUND 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 EL PASO CREDIT UNION HOAP INC O 341212 AMOUNTS PAID