2023-11-15T14:33:04-06:00 2022-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-01-01 310568628 GENERAL ELECTRIC CREDIT UNION % GENERAL ELECTRIC CREDIT UNIO GENE 5135778813 11311 CORNELL PARK DRIVE Suite 124 CINCINNATI OH 45242 DAN VONDERHAAR CFO 5132434328 2023-11-15 true DAN VONDERHAAR 999009999 MICHAEL J SUMMERS P00838533 3173834000 2023-11-15 2 2022 2023-04-26 12:10:37Z DAN VONDERHAAR 11311 CORNELL PARK DR STE 124 CINCINNATI OH 45242 376320885 false X WWW.GECREDITUNION.ORG X 1954 OH PROVIDE FINANCIAL SERVICES TO CREDIT UNION MEMBERS. 9 8 581 9 52420 0 0 0 135904292 160823517 23159858 6771391 0 0 159064150 167594908 97000 144000 0 0 34054802 36904914 0 0 0 85136258 96955808 119288060 134004722 39776090 33590186 3900460857 4683051080 3559951583 4364458764 340509274 318592316 OFFER A VARIETY OF QUALITY PRODUCTS AND FINANCIAL SERVICES DESIGNED TO BENEFIT ALL MEMBERS UNDER A STRONG FINANCIAL STRUCTURE THAT ENSURES THE CONTINUED VIABILITY OF THE CREDIT UNION. false false PROVIDE 254,000 MEMBERS A VARIETY OF LOAN AND DEPOSIT SERVICES AT COMPETITIVE INTEREST RATES AND TERMS. ORIGINATED 45,700 LOANS IN EXCESS OF $2.0 BILLION IN VARIOUS LOANS CATEGORIES INCLUDING RESIDENTIAL, COMMERCIAL, CONSUMER, INDIRECT AUTO, MARINE, AND RV LOANS. CONTINUED ADDITIONS TO TECHNOLOGY DESIGNED TO MAXIMIZE ACCESS TO VARIOUS ONLINE PORTALS THAT CONTAIN A VARIETY OF PRODUCTS AND SERVICES TO ITS MEMBERS. false false false false false false false false false true true 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 183439 0 true 581 true true true false false false false false true false X 9 8 false false false false true true true true true false true true false true true true true true true true false OH X GENERAL ELECTRIC CREDIT UNIO 5132434328 11311 CORNELL PARK DR SUITE 124 CINCINNATI OH 45242 Timothy D Ballinger President/CEO 40.0 0.0 X X 1026392 0 61625 Kevin Motley CFO 40.0 0.0 X 376141 0 31173 Neil Peterson Director Of Lending Services 40.0 0.0 X 274120 0 30125 Jill Lingo Marketing Director 40.0 0.0 X 239426 0 43885 Ashley Cunningham Bus. Dvlpmnt/member Service 40.0 0.0 X 237130 0 43738 Nicholas McEvoy Chief Delivery Officer 40.0 0.0 X 225470 0 42228 Jeffrey Lenzer It Security Risk Management 40.0 0.0 X 237092 0 27117 Robin Sargent Chief Support Officer 40.0 0.0 X 207022 0 41705 Brian Lucas Compliance 40.0 0.0 X 205201 0 41802 Melissa Ziegelmeyer Director Of Internal Audit 40.0 0.0 X 208264 0 17103 Melanie Disney Tamaska Chief Human Resources Officer 40.0 0.0 X 180991 0 38353 Andy M Dunn SVP Mortgage Services 40.0 0.0 X 194151 0 23981 Amy Wheeler Senior VP & Controller 40.0 0.0 X 161329 0 38528 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 3772729 0 481363 29 false true false FISERV PO Box 745148 ATLANTA GA 303745148 Core Processing 2943519 NCR CORPORATION 14181 Collections Center Drive CHICAGO IL 60693 IT SERVICE 2934792 16 POINTS 39 BROADWAY STE 3300 RM 14 NEW YORK NY 10006 INVESTMENTS 1382345 ST GREGORY GROUP 9435 WATERSTONE BLVD CINCINNATI OH 45249 MARKETING 2671915 MERIDIANLINK 3560 Hyland Ave STE 200 COSTA MESA CA 92626 Software provider 1273891 45 0 LOAN INTEREST 522100 131060266 131060266 FEE/OTHER INCOME 522100 29763251 29710831 52420 160823517 13298514 13298514 0 0 0 0 0 44632854 157566000 53216120 155509857 -8583266 2056143 -6527123 -6527123 0 0 0 0 0 0 0 0 0 0 167594908 167542488 52420 134000 10000 0 0 3100334 0 22560732 688841 8448919 2106088 0 -884506 399724 0 0 0 3428377 3146656 2119716 0 0 6960400 43123 0 233639 55888332 0 3556201 415991 PROVISION FOR LOAN LOSS 12852324 LOAN SERVICING 3703970 DATA PROCESSING EXPENSE 5093225 MISCELLANEOUS OPERATING -1364 134004722 8350141 9163227 270600930 290700606 0 0 3579619 2403526 0 0 0 0 2959920133 3844498824 0 0 2147444 2263381 66448193 15350195 51868921 51097998 50815001 0 457761209 375638436 57444826 61391747 0 0 37972633 45893335 3900460857 4683051080 21475566 22774544 0 0 0 0 0 0 0 0 0 0 279752630 242357912 0 0 3258723387 4099326308 3559951583 4364458764 X 0 0 0 0 340509274 318592316 340509274 318592316 3900460857 4683051080 33590186 -55857144 350000 X false true X true false 15570002 15570002 37541061 7052440 30488621 412539 114157 298382 12924591 8183598 4740993 51097998 U.S. TREASURY BONDS 263847509 F CORPORATE BONDS 89181988 F OTHER SECURITIES 22608939 F 375638436 0 MEMBER SHARES 4099326308 4099326308 SCHEDULE D, PART X, LINE 2: ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS 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 GREATER CINCINNATI AUTOMOBILE DEALERS ASSOCIATION 2315 CROWNE POINT DR CINCINNATI OH 45241 310239010 501(C)(3) 10000 GENERAL SUPPORT ALZHEIMER'S ASSOCIATION 644 LINN ST SUITE 1026 CINCINNATI OH 45203 133039601 501(C)(3) 18500 GENERAL SUPPORT GRANT US HOPE 4010 EXECUTIVE PARK DRIVE STE 320 CINCINATTI OH 45241 814212207 501(C)(3) 19500 GENERAL SUPPORT BEECH ACRES PARENTING 615 ELSINORE PL STE 500 CINCINATTI OH 45202 310536663 501(C)(3) 10000 GENERAL SUPPORT Homeless Animal Rescue 11711 Princeton Pike PMG 222 STE 43 CINCINATTI OH 45246 364562074 501(C)(3) 10000 GENERAL SUPPORT Cincinnati Children's Hospital 3333 Burnet Ave CINCINATTI OH 45229 310833936 501(C)(3) 10000 GENERAL SUPPORT Corporation for Find PO Box 14727 CINCINATTI OH 45250 311740317 501(C)(3) 6000 GENERAL SUPPORT 7 SCHOLARSHIPS 5 10000 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 798652 221228 6512 37250 24375 1088017 Kevin Motley CFO 302985 73156 30714 459 407314 Ashley Cunningham Bus. Dvlpmnt/member Service 193396 43734 19340 24398 280868 Jeffrey Lenzer It Security Risk Management 192785 44307 19279 7838 264209 Jill Lingo Marketing Director 194872 44554 19487 24398 283311 Brian Lucas Compliance 174044 31157 17404 24398 247003 Neil Peterson Director Of Lending Services 222866 51254 22287 7838 304245 Melissa Ziegelmeyer Director Of Internal Audit 166440 41824 16644 459 225367 Nicholas McEvoy Chief Delivery Officer 183489 41981 17830 24398 267698 Melanie Disney Tamaska Chief Human Resources Officer 139831 41160 13983 24370 219344 Amy Wheeler Senior VP & Controller 141297 20032 14130 24398 199857 Robin Sargent Chief Support Officer 168387 38635 17307 24398 248727 Andy M Dunn SVP Mortgage Services 164436 29715 16344 7637 218132 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 2022 FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: FINANCIAL INFORMATION IS PROVIDED ONLINE THROUGH OUR CORPORATE WEBSITE, QUARTERLY NEWSLETTER, OR ANNUAL REPORTS. OTHER GOVERNING INFORMATION IS AVAILABLE UPON REQUEST. CUSO Corporation 10485 Reading Road Cincinnati OH 45241 311420019 Mortgage Serv OH GECU C corp 506342 76558 1.00000 true false false false false false true false false false false false false false true true false true false false CUSO CORPORATION F 350000 CASH CUSO CORPORATION N 37145 CASH CUSO CORPORATION O 27045 CASH CUSO CORPORATION Q 1305 CASH