Gecu

Gecu Overview

Gecu is located in El Paso, TX. The organization was established in 1976. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Gecu employed 1,087 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Gecu 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, Gecu generated $225.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $186.8m during the year ending 12/2019. While expenses have increased by 9.5% 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

COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

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, 2019, TOTAL NUMBER OF OUTSTANDING LOANS WAS 218,796 WITH AN OUTSTANDING BALANCE OF $2,536,014,063. GECU ALSO PROVIDES VARIOUS DEPOSIT ACCOUNT OPTIONS INCLUDING CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, INDIVIDUAL RETIREMENT ACCOUNTS AND MONEY MARKET ACCOUNTS. AT DECEMBER 31, 2019, TOTAL DEPOSIT ACCOUNTS WERE 618,108 AND OUTSTANDING DEPOSITS WERE $2,451,306,723.


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Gecu Vendors

Vendor Name (Service)Compensation
Dbsi Incorporated
Facilities Construction And Reconstructi
$9,469,684
Fidelity Information Service
Member Statement Processing
$3,440,451
Sigma Technology Solutions Inc
It Services
$2,515,871
Shi International Corp
Computer Software, Hardware And It
$1,847,061
Ncr Corporations
It Services
$1,163,521
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$219,995,699
Investment income $3,032,486
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,305,902
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $225,334,087

Gecu Grants Recieved

Over the last fiscal year, we have identified 1 grants that Gecu has recieved totaling $21,274.

Awarding OrganizationAmount
Inclusiv Inc

New York, NY

PURPOSE: HOUSING COUNSELING

$21,274
View Grant Recipient Profile

Gecu Peer Organizations

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