1386 General Electric Credit Union

1386 General Electric Credit Union Overview

1386 General Electric Credit Union is located in Cincinnati, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, 1386 General Electric Credit Union employed 425 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 1386 General Electric Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, 1386 General Electric Credit Union generated $133.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $121.0m during the year ending 12/2019. While expenses have increased by 14.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING FINANCIAL SERVICES TO ITS MEMBERS/OWNERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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1386 General Electric Credit Union Board, Officers & Key Employees

Name (title)Compensation
Timothy D Ballinger
President/ceo
$948,348
Kevin Motley
CFO
$312,888
Neil Peterson
Director Of Lending Services
$237,880
Matthew Dole
Human Resources Director
$230,667
Kevin Riede
Director Of It
$211,858
Jason Wabrick
VP Of Consumer Loans
$207,192

1386 General Electric Credit Union Vendors

Vendor Name (Service)Compensation
Fiserv
Core Processing
$2,598,004
Trak Staffing Service
Staffing Service
$1,503,151
Ncr Corporation
It Service
$2,033,429
Morelia Group
Consulting
$2,396,819
16 Points
Investments
$1,039,350
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$120,493,247
Investment income $10,089,646
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,725,392
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $133,308,285

1386 General Electric Credit Union Grants Awarded

Over the last fiscal year, 1386 General Electric Credit Union has awarded $23,000 in support to 2 organizations.

Grant RecipientAmount

GE EMPLOYEE'S COMMUNITY SERVICE FUND

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: GENERAL SUPPORT

$13,000

Cincinnati, OH

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

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