2021-11-15T17:11:32-06:00 2020-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2020-01-01 310568628 General Electric Credit Union % GENERAL ELECTRIC CREDIT UNIO GENE 5135778928 11311 Cornell Park Drive Suite 406 Cincinnati OH 45242 Kevin Motley CFO 5132434328 2021-11-15 true Kevin Motley 999009999 MICHAEL J SUMMERS P00838533 3173834000 2021-11-15 3 2020 2022-09-23 18:48:47Z X Kevin Motley 11311 Cornell Park Drive STE 406 CINCINNATI OH 45242 521524315 false X WWW.GECREDITUNION.ORG X 1954 OH PROVIDING FINANCIAL SERVICES TO ITS MEMBERS/OWNERS. 9 8 478 9 239805 0 0 0 120493247 136112924 12815038 7634782 0 0 133308285 143747706 35000 40000 0 0 28074664 30699756 0 0 0 92860417 100704898 120970081 131444654 12338204 12303052 3361431298 3929368292 3069031182 3623151840 292400116 306216452 PROVIDE A VARIETY OF QUALITY PRODUCTS AND SERVICES DESIGNED TO BENEFIT ALL MEMBERS EXPERIENCE WHILE PROVIDING A STRONG FINANCIAL STRUCTURE THAT ENSURES THE CONTINUED VIABILITY OF THE CREDIT UNION. false false PROVIDE 204,537 MEMBERS A VARIETY OF LOAN AND DEPOSIT SERVICES AT COMPETITIVE INTEREST RATES. PROVIDED 35,938 LOANS IN EXCESS OF $1.4 BILLION 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. false false false false false false false false false true false 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 66254 0 true 478 true true true false false false false false false 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 5135778928 11311 CORNELL PARK DRIVE STE 406 CINCINNATI OH 45242 Timothy D Ballinger President/CEO 40.0 0.0 X X 1138527 0 56672 Kevin Riede Director of IT 40.0 0.0 X 324235 0 99118 Kevin Motley CFO 40.0 0.0 X 394878 0 27204 Neil Peterson Director of Lending Services 40.0 0.0 X 287790 0 108175 Matthew Dole Human Resources Director 40.0 0.0 X 269489 0 91563 Jill Lingo Marketing Director 40.0 0.0 X 247126 0 60997 Ashley Cunningham Bus. Dvlpmnt/Member Service 40.0 0.0 X 233143 0 47272 Brian Lucas Compliance 40.0 0.0 X 231881 0 35194 Nicholas McEvoy CHIEF DELIVERY OFFICER 40.0 0.0 X 198129 0 31783 Melissa Ziegelmeyer Director of Internal Audit 40.0 0.0 X 213232 0 14607 Jeffrey Lenzer IT Security Risk Management 40.0 0.0 X 203533 0 22488 Sharon Short Collection Manager 40.0 0.0 X 136251 0 78547 Robin Sargent Chief Support Officer 40.0 0.0 X 172901 0 28087 Amy Potter Senior VP & Controller 40.0 0.0 X 153753 0 30764 Jason Leyda VP OF TREASURY MANAGEMENT 40.0 0.0 X 147287 0 30694 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 4352155 0 763165 26 false true false FISERV PO Box 745148 ATLANTA GA 303745148 Core Processing 2958204 NCR CORPORATION 14181 Collections Center Drive CHICAGO IL 60693 IT SERVICE 3868470 MORELIA GROUP 8600 GOVERNORS HILL DRIVE STE 160 CINCINNATI OH 45249 CONSULTING 3436491 16 POINTS 39 BROADWAY STE 3300 RM 14 NEW YORK NY 10006 INVESTMENTS 1385336 ST GREGORY GROUP 9435 WATERSTONE BLVD CINCINNATI OH 45249 MARKETING 1985627 51 0 LOAN INTEREST 522100 115139211 115139211 FEE/OTHER INCOME 522100 20973713 20733908 239805 136112924 3308733 3308733 0 0 0 0 0 236972781 145129877 234037959 143738650 2934822 1391227 4326049 4326049 0 0 0 0 0 0 0 0 0 0 143747706 143507901 239805 30000 10000 0 0 4107124 0 17296110 874659 6909844 1512019 0 1037949 340000 0 0 0 1816538 2797990 2836634 0 0 5363229 27696 0 138979 57008460 0 2239494 126005 PROVISION FOR LOAN LOSS 19585079 LOAN SERVICING 3206934 DATA PROCESSING EXPENSE 4065779 MISCELLANEOUS OPERATING 114132 131444654 2915585 7900873 368549930 571210439 0 0 2857821 7871119 0 0 0 0 2756762692 3001421956 0 0 927741 1676897 55763890 8916353 41656403 46847537 0 0 101561631 184593007 52842491 72393380 0 0 33357004 35453084 3361431298 3929368292 13845330 14503687 0 0 0 0 0 0 0 0 0 0 149429099 299932134 0 0 2905756753 3308716019 3069031182 3623151840 X 0 0 0 0 292400116 306216452 292400116 306216452 3361431298 3929368292 12303052 1313284 200000 X false true X true false 15570002 15570002 29839700 5063452 24776248 412539 58215 354324 9941649 3794686 6146963 46847537 0 MEMBER SHARES 3308716019 3308716019 SCHEDULE D, PART X, LINE 2: FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIIONS 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 MERCY HEALTH FOUNDATION 1701 MERCY HEALTH PLACE CINCINNATI OH 45237 201072726 501(c)(3) 30000 GENERAL SUPPORT 1 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 true false false Timothy D Ballinger President/CEO 727026 404769 6732 38187 0 18485 0 1195199 0 0 0 Kevin Motley CFO 268476 126402 0 26488 0 716 0 422082 0 0 0 Ashley Cunningham Bus. Dvlpmnt/Member Service 154934 74604 3605 29089 0 18183 0 280415 0 0 0 Matthew Dole Human Resources Director 160779 54313 54397 72558 0 19005 0 361052 0 0 0 Jeffrey Lenzer IT Security Risk Management 137915 65618 0 13791 0 8697 0 226021 0 0 0 Jill Lingo Marketing Director 168231 78895 0 42507 0 18490 0 308123 0 0 0 Brian Lucas Compliance 169006 62875 0 16901 0 18293 0 267075 0 0 0 Neil Peterson Director of Lending Services 199872 87918 0 89689 0 18486 0 395965 0 0 0 Kevin Riede Director of IT 164766 71833 87636 80385 0 18733 0 423353 0 0 0 Melissa Ziegelmeyer Director of Internal Audit 149629 63603 0 13891 0 716 0 227839 0 0 0 Jason Leyda VP OF TREASURY MANAGEMENT 122790 24497 0 12274 0 18420 0 177981 0 0 0 Nicholas McEvoy CHIEF DELIVERY OFFICER 134063 64066 0 13406 0 18377 0 229912 0 0 0 Sharon Short Collection Manager 105244 31007 0 60389 0 18158 0 214798 0 0 0 Amy Potter Senior VP & Controller 123408 30345 0 12341 0 18423 0 184517 0 0 0 Robin Sargent Chief Support Officer 130570 42331 0 9729 0 18358 0 200988 0 0 0 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. SCHEDULE J, PART I, LINE 4A: MATTHEW DOLE & KEVIN RIEDE RECEIVED SEVERANCE PAYMENTS FROM THE CREDIT UNION IN THE AMOUNTS OF $54,397 AND $87,636 RESPECTIVELY. 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 2020. 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 375234 170885 1.00000 true false false false false false true false false false false false false false true true false false false false CUSO CORPORATION F 200000 CASH CUSO CORPORATION N 38245 CASH CUSO CORPORATION O 24749 CASH