2022-05-16T18:05:01-05:00 2021-12-31 010592228 PATE & APPLEBY LLP 1011 MONTANA AVENUE EL PASO TX 79902 990 2021-01-01 740650998 GECU GECU 9157789221 1225 AIRWAY EL PASO TX 79925 DAVID A RASCON EVP-CFO 9157789221 2022-05-13 1 DAVID RASCON 999009999 RICHARD DE SANTOS P01385749 9155328000 2022-05-13 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DAVID A RASCON 1225 AIRWAY EL PASO TX 79925 233347855 0 2742 X WWW.GECU.COM X 1932 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES 7 7 1152 0 3063493 0 0 0 148530427 139483788 2283941 3647833 73458755 78983141 224273123 222114762 0 0 0 0 58987430 62030992 0 0 0 142086699 102168089 201074129 164199081 23198994 57915681 3522965036 3723377510 3174775135 3317394498 348189901 405983012 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 ITS MEMBERS' ECONOMIC CONDITION. GECU OFFERS PERSONAL, AUTO, BUSINESS AND HOME LOANS TO ITS MEMBERS. AT DECEMBER 31, 2021, TOTAL NUMBER OF OUTSTANDING LOANS WAS 199,041 WITH AN OUTSTANDING BALANCE OF $2,522,155,299. GECU ALSO PROVIDES VARIOUS DEPOSIT ACCOUNT OPTIONS INCLUDING CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, INDIVIDUAL RETIREMENT ACCOUNTS AND MONEY MARKET ACCOUNTS. AT DECEMBER 31, 2021, TOTAL DEPOSIT ACCOUNTS WERE 661,159 AND OUTSTANDING DEPOSITS WERE $3,217,253,802. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 324271 0 1 1152 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X DAVID A RASCON 9157741968 1225 AIRWAY EL PASO TX 79925 GREGORY J WATTERS DIRECTOR 5.00 X 700 0 0 JOSE I QUINONEZ DIRECTOR 3.00 X 475 0 0 GUADALUPE GINER DIRECTOR 3.00 X 575 0 0 RICARDO SOTO DIRECTOR 3.00 X 525 0 0 TERESA QUEZADA DIRECTOR 3.00 X 525 0 0 GRACE VAUGHN DIRECTOR 3.00 X 500 0 0 JOHN RUNKLES DIRECTOR 3.00 X 575 0 0 CRYSTAL D LONG PRESIDENT/CEO 40.00 X 1081060 0 51833 TERESA MONTOYA SR. VP - CHIEF MARKETING O 40.00 X 322594 0 108476 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS 40.00 X 754578 0 103759 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE 40.00 X 763975 0 93452 HAZEL KENNEDY SR. VP - CHIEF LENDING OFF 40.00 X 775169 0 99470 ROY TOMPKINS SR. VP - CHIEF COMMERCIAL 40.00 X 414543 0 100565 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION 40.00 X 326421 0 116675 DAVID RASCON SR. VP - CHIEF FINANCIAL O 40.00 X 350347 0 117202 YOUNG VASQUEZ VP - HUMAN RESOURCES 40.00 X 188339 0 40728 LETICIA RAMOS VP - MORTGAGE 40.00 X 229675 0 50718 MIKE SARABIA VP - INTERNAL AUDIT 40.00 X 195915 0 50906 DANIEL VASQUEZ VP - CAREER AND TALENT DEV 40.00 X 214439 0 40805 AIDE ARCE VP - PROJECT MANAGEMENT OF 40.00 X 154450 0 43953 ROBERT ECKHART VP - INFORMATION SECURITY 40.00 X 156404 0 38444 JOSE A FLORES GUERRERO VP - INFORMATION SYSTEMS 40.00 X 161420 0 14097 MICHELLE RODRIGUEZ VP - TRAINING & TALENT DEV 40.00 X 122416 0 27985 RAYMOND STALLINGS VP - INFORMATION TECHNOLOG 40.00 X 212447 0 47383 JEFFREY D THOMAS VP - BUSINESS INTELLIGENCE 40.00 X 190268 0 21424 JACQUE VALDEZ VP - BRANCH OPERATIONS 40.00 X 196083 0 37568 STEVEN WANTUCK VP - UNDERWRITING & DEALER 40.00 X 206724 0 29278 AMANDA M WILLIAMS VP - PAYMENT & REMOTE SERV 40.00 X 130324 0 33833 ENRIQUE ZARAGOZA VP - COMMUNICATION 40.00 X 160846 0 22962 JORGE MACIAS FINANCIAL ADVISOR 40.00 X 146323 0 10487 ALBERT ARELLANO CREDIT RISK ANALYST SUPERVISOR 40.00 X 133922 0 19252 JENNY TURNER COLLECTIONS VICE PRESIDENT 40.00 X 131143 0 25357 JULIETA VASQUEZ LOAN OFFICER 40.00 X 122869 0 36728 JOSIE MARQUEZ VP - CONTOLLER 40.00 X 122852 0 28980 7969421 0 1412320 27 0 1 0 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 FINANCIAL SERVICES 13618712 NCR CORPORATION 14181 COLLECTION CENTER DRIVE DISC CHICAGO IL 60693 IT SERVICES 8021088 MASTERCARD INTERNATIONAL INC 2000 PURCHASE ST PURCHASE NY 10577 CARD SERVICES 5503405 SHI INTERNATIONAL CORP 290 DAVIDSON AVE SOMERSET NJ 08873 COMPUTER SOFTWARE, HARDWARE AND IT 1716966 HORIZONTAL INTEGRATION INC 1660 HIGHWAY 100 SOUTH STE 200 ST LOUIS MN 55416 IT SERVICES 1291309 79 INTEREST ON LOANS 522291 139483788 139483788 139483788 2757282 2757282 5562166 6561478 5477968 5755125 84198 806353 890551 890551 SERVICE CHARGES AND FEES 522100 58967167 58621836 345331 OTHER, NET 522100 14905761 12187599 2718162 INSURANCE PRODUCTS 524298 5110213 5110213 78983141 222114762 216293987 3063493 2757282 9425362 40216586 3201792 6036638 3150614 283616 83450 5750460 7126409 6220048 5854160 72570 164596 18798327 11063313 699687 OFFICE OPERATIONS 38273017 OTHER OPERATING EXPENSE 7132501 PROVISION FOR LOAN LOSS 645935 164199081 685956954 436499921 1258559 1261709 2517993768 2522155299 6325534 5797120 151929184 79342887 78865199 72586297 123676908 563196101 108888114 121881063 3522965036 3723377510 26538952 27563569 2436262 1804206 123785609 70772921 3022014312 3217253802 3174775135 3317394498 X 16834261 16834261 0 0 331355640 389148751 348189901 405983012 3522965036 3723377510 X 57915681 -99045 -23525 X X 0 1 X 1 0 0 1 X 6409311 6409311 68812191 25664514 43147677 20834698 11339648 9495050 55872984 42338725 13534259 72586297 SECURITIES HELD TO MATURITY 482157394 C EQUITY SECURITIES 55209389 F SECURITIES AVAILABLE FOR SALE 9031518 F OTHER INVESTMENTS 16797800 C 563196101 MEMBERS' SHARES AND SAVINGS ACCOUNTS 3217253802 3217253802 X 222114762 0 222114762 0 222114762 164199081 0 164199081 0 164199081 PART IV, LINE 2B: 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 AUDIT REPORT DOES NOT DISCLOSE ANY UNCERTAIN TAX POSITIONS UNDER FIN 48. X 1 1 X X X 0 1 0 CRYSTAL D LONG PRESIDENT/CEO 754105 0 326955 0 0 0 40189 0 11644 0 1132893 0 0 0 HAZEL KENNEDY SR. VP - CHIEF LENDING OFF 696360 0 78809 0 0 0 93371 0 6099 0 874639 0 0 0 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS 676193 0 78385 0 0 0 92115 0 11644 0 858337 0 0 0 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE 686367 0 77608 0 0 0 93452 0 0 0 857427 0 0 0 ROY TOMPKINS SR. VP - CHIEF COMMERCIAL 337364 0 77179 0 0 0 88921 0 11644 0 515108 0 0 0 DAVID RASCON SR. VP - CHIEF FINANCIAL O 283023 0 67324 0 0 0 99956 0 17246 0 467549 0 0 0 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION 264717 0 61704 0 0 0 99429 0 17246 0 443096 0 0 0 TERESA MONTOYA SR. VP - CHIEF MARKETING O 264200 0 58394 0 0 0 91230 0 17246 0 431070 0 0 0 LETICIA RAMOS VP - MORTGAGE 190023 0 39652 0 0 0 39074 0 11644 0 280393 0 0 0 RAYMOND STALLINGS VP - INFORMATION TECHNOLOG 174678 0 37769 0 0 0 35980 0 11403 0 259830 0 0 0 DANIEL VASQUEZ VP - CAREER AND TALENT DEV 180798 0 33641 0 0 0 34706 0 6099 0 255244 0 0 0 MIKE SARABIA VP - INTERNAL AUDIT 160754 0 35161 0 0 0 33660 0 17246 0 246821 0 0 0 STEVEN WANTUCK VP - UNDERWRITING & DEALER 170037 0 36687 0 0 0 23179 0 6099 0 236002 0 0 0 JACQUE VALDEZ VP - BRANCH OPERATIONS 161527 0 34556 0 0 0 31469 0 6099 0 233651 0 0 0 YOUNG VASQUEZ VP - HUMAN RESOURCES 169928 0 18411 0 0 0 34179 0 6549 0 229067 0 0 0 JEFFREY D THOMAS VP - BUSINESS INTELLIGENCE 159044 0 31224 0 0 0 9780 0 11644 0 211692 0 0 0 AIDE ARCE VP - PROJECT MANAGEMENT OF 126670 0 27780 0 0 0 26707 0 17246 0 198403 0 0 0 ROBERT ECKHART VP - INFORMATION SECURITY 129004 0 27400 0 0 0 27041 0 11403 0 194848 0 0 0 ENRIQUE ZARAGOZA VP - COMMUNICATION 132925 0 27921 0 0 0 8293 0 14669 0 183808 0 0 0 JOSE A FLORES GUERRERO VP - INFORMATION SYSTEMS 132613 0 28807 0 0 0 7998 0 6099 0 175517 0 0 0 AMANDA M WILLIAMS VP - PAYMENT & REMOTE SERV 106732 0 23592 0 0 0 22430 0 11403 0 164157 0 0 0 JULIETA VASQUEZ LOAN OFFICER 90336 0 32533 0 0 0 19482 0 17246 0 159597 0 0 0 JORGE MACIAS FINANCIAL ADVISOR 72006 0 74317 0 0 0 4388 0 6099 0 156810 0 0 0 JENNY TURNER COLLECTIONS VICE PRESIDENT 124616 0 6527 0 0 0 25357 0 0 0 156500 0 0 0 ALBERT ARELLANO CREDIT RISK ANALYST SUPERVISOR 124766 0 9156 0 0 0 7849 0 11403 0 153174 0 0 0 JOSIE MARQUEZ VP - CONTOLLER 112731 0 10121 0 0 0 22881 0 6099 0 151832 0 0 0 MICHELLE RODRIGUEZ VP - TRAINING & TALENT DEV 107354 0 15062 0 0 0 21886 0 6099 0 150401 0 0 0 PART I, LINE 4B PARTICIPANTS IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CRYSTAL LONG - $ 502,268 TERESA MONTOYA - $ 344,902 FERNANDO ORTEGA - $ 227,054 ROY TOMPKINS - $ 226,606 JEFFREY D. THOMAS - $ 34,048 RAYMOND W. STALLINGS$ 40,615 ROBERT J. ECKHART - $ 42,219 YOUNG VASQUEZ - $ 35,238 CECILIA DAVILA - $ 105,606 HAZEL KENNEDY - $ 124,586 SHARON PALMORE - $ 142,144 LETICIA RAMOS - $ 157,896 DAVID SOLIS - $ 104,376 DANIEL VASQUEZ - $ 54,056 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 OR ITS DISREGARDED ENTITY 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 AND ITS DISREGARDED ENTITY 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 LOSS ON POST RETIREMENT OBLIGATIONS -23,525. 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. PROSPERUS TITLE & ESCROW LLC 1200 AIRWAY BLVD STE 108 EL PASO TX 79925 825443576 PROVIDE TITLE INSURANCE, SETTLEMENT SERVICES AND VARIOUS LOAN CLOSINGS TX 552559 1727948 GECU GECU FOUNDATION 1225 AIRWAY BLVD EL PASO TX 79925 208801986 FUNDING OF A SCHOLARSHIPS AND GRANTS AND SUPPORT OTHER CHARITABLE CAUSES 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 280535 AMOUNTS PAID EL PASO CREDIT UNION HOAP INC O 412307 AMOUNTS PAID