2020-07-14T13:21:19-05:00 2019-12-31 010592228 PATE & APPLEBY LLP 1011 MONTANA AVENUE EL PASO TX 79902 990 2019-01-01 740650998 GECU GECU 9157789221 1225 AIRWAY EL PASO TX 79925 CRYSTAL LONG PRESIDENT AND CEO 9157789221 2020-07-07 1 RICHARD DE SANTOS P01385749 9155328000 2020-07-07 X 97.79.167.222 2020-07-07 16:26:46 MD P 34AC30CC3F033D30438BD7B258D9E0F4FF40490A 386D1B6F0F9EDA98736B1BE31AD6C1AD77017B8B 2019 2020-09-22 18:59:49Z CRYSTAL LONG 1225 AIRWAY EL PASO TX 79925 252952235 0 X WWW.GECU.COM X 1932 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES 7 7 1087 0 1709506 0 0 0 196487731 219995699 5284174 5338388 0 0 201771905 225334087 0 0 0 0 49980622 56002383 0 0 0 118919314 130817245 168899936 186819628 32871969 38514459 2819381992 2923496822 2533894536 2598965834 285487456 324530988 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, 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. 0 0 0 0 0 0 0 1 0 1 0 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 269963 0 1 1087 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 ALEX RASCON 9157741968 1225 AIRWAY EL PASO TX 79925 GREGORY J WATTERS DIRECTOR 5.00 X 350 0 0 JOSE I QUINONEZ DIRECTOR 3.00 X 300 0 0 GUADALUPE GINER DIRECTOR 3.00 X 275 0 0 RICARDO SOTO DIRECTOR 3.00 X 375 0 0 TERESA QUEZADA DIRECTOR 3.00 X 325 0 0 GRACE VAUGHN DIRECTOR 3.00 X 325 0 0 JOHN RUNKLES DIRECTOR 3.00 X 350 0 0 CRYSTAL D LONG PRESIDENT/CEO 40.00 X 932119 0 127872 TERESA MONTOYA SR. VP - CHIEF MARKETING O 40.00 X 278601 0 102280 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS 40.00 X 298695 0 109274 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE 40.00 X 307506 0 113760 HAZEL KENNEDY SR. VP - CHIEF LENDING OFF 40.00 X 289438 0 124204 ROY TOMPKINS SR. VP - CHIEF COMMERCIAL 40.00 X 354661 0 263989 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION 40.00 X 284383 0 54481 DAVID RASCON SR. VP - CHIEF FINANCIAL O 40.00 X 215541 0 57824 JOE UNDERWOOD VP - HUMAN RESOURCES 40.00 X 194400 0 62711 DAVID SOLIS SR. VP - CHIEF FINANCIAL O 40.00 X 470499 0 132082 LETICIA RAMOS VP - MORTGAGE 40.00 X 246726 0 52963 MIKE SARABIA VP - INTERNAL AUDIT 40.00 X 146078 0 44811 DANIEL VASQUEZ VP - CAREER AND TALENT DEV 40.00 X 166582 0 28608 RAYMOND STALLINGS VP - INFORMATION TECHNOLOGY 40.00 X 157324 0 41755 SANDRA LUJAN AVP - MORTGAGE LENDING 40.00 X 170209 0 22330 JACQUE VALDEZ VP - BRANCH OPERATIONS 40.00 X 158732 0 37007 STEVEN WANTUCK VP - UNDERWRITING 40.00 X 160596 0 20675 JUDITH MONTELEONE ED - INVESTMENT & TRUST SERVICES 40.00 X 150716 0 19770 4985106 0 1416396 37 0 1 0 DBSI INCORPORATED 6950 W MORELOS PL STE 1 CHANDLER AZ 85226 FACILITIES CONSTRUCTION AND RECONSTRUCTI 9469684 FIDELITY INFORMATION SERVICE PO BOX 4535 CAROL STREAM IL 60197 MEMBER STATEMENT PROCESSING 3440451 SIGMA TECHNOLOGY SOLUTIONS INC 607 E SONTERRA BLVD SAN ANTONIO TX 78258 IT SERVICES 2515871 SHI INTERNATIONAL CORP 290 DAVIDSON AVE SOMERSET NJ 08873 COMPUTER SOFTWARE, HARDWARE AND IT 1847061 NCR CORPORATIONS 14181 COLLECTION CENTER DRIVE DISC CHICAGO IL 60693 IT SERVICES 1163521 28 INTEREST ON LOANS 522291 148642657 148642657 SERVICE CHARGES AND FEES 522100 50524106 50194056 330050 OTHER, NET 522100 15459755 14080299 1379456 INSURANCE PRODUCTS 524298 5369181 5369181 219995699 3032486 3032486 19220966 10703084 18886618 8731530 334348 1971554 2305902 2305902 225334087 220592095 1709506 3032486 5487104 38305531 3264853 5978543 2966352 477955 65631 5577158 7102254 4561657 4990789 570274 173956 27217433 9999786 801759 OFFICE OPERATIONS 32662201 PROVISION FOR LOAN LOSS 26078420 OTHER OPERATING EXPENSE 10537972 186819628 119237444 150661165 1223563 1251772 2473787007 2536014063 4212822 4555073 140760830 68446268 66301172 72314562 75522523 72852880 79097461 85847307 2819381992 2923496822 22675792 23318244 449570 1474323 232224947 122866544 2278544227 2451306723 2533894536 2598965834 X 16834261 16834261 0 0 268653195 307696727 285487456 324530988 2819381992 2923496822 X 38514459 559152 -30079 X X 0 1 X 1 0 1 449569 98633198 97721969 1360798 1 6409309 6409309 62551177 21365607 41185570 19080199 7290011 11790188 52720145 39790650 12929495 72314562 MEMBERS' SHARES AND SAVINGS ACCOUNTS 2451306723 2451306723 X 225334087 0 225334087 0 225334087 186819628 0 186819628 0 186819628 PART IV, LINE 1B: 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 681800 0 250319 0 0 0 116228 0 11644 0 1059991 0 0 0 TERESA MONTOYA SR. VP - CHIEF MARKETING O 243444 0 35157 0 0 0 85034 0 17246 0 380881 0 0 0 CECILIA A DAVILA SR. VP - CHIEF OPERATIONS 252701 0 45994 0 0 0 97630 0 11644 0 407969 0 0 0 DARLENE PALMORE SR. VP - CHIEF COMPLIANCE 257047 0 50459 0 0 0 113760 0 0 0 421266 0 0 0 HAZEL KENNEDY SR. VP - CHIEF LENDING OFF 244990 0 44448 0 0 0 118105 0 6099 0 413642 0 0 0 ROY TOMPKINS SR. VP - CHIEF COMMERCIAL 315479 0 39182 0 0 0 253713 0 10276 0 618650 0 0 0 FERNANDO ORTEGA SR. VP - CHIEF INFORMATION 249056 0 35327 0 0 0 37235 0 17246 0 338864 0 0 0 DAVID RASCON SR. VP - CHIEF FINANCIAL O 201749 0 13792 0 0 0 40578 0 17246 0 273365 0 0 0 JOE UNDERWOOD VP - HUMAN RESOURCES 171287 0 23113 0 0 0 51067 0 11644 0 257111 0 0 0 DAVID SOLIS SR. VP - CHIEF FINANCIAL O 220438 0 250061 0 0 0 124330 0 7752 0 602581 0 0 0 LETICIA RAMOS VP - MORTGAGE 170246 0 76480 0 0 0 35717 0 17246 0 299689 0 0 0 MIKE SARABIA VP - INTERNAL AUDIT 129207 0 16871 0 0 0 27565 0 17246 0 190889 0 0 0 DANIEL VASQUEZ VP - CAREER AND TALENT DEV 147293 0 19289 0 0 0 22509 0 6099 0 195190 0 0 0 RAYMOND STALLINGS VP - INFORMATION TECHNOLOGY 146198 0 11126 0 0 0 30352 0 11403 0 199079 0 0 0 SANDRA LUJAN AVP - MORTGAGE LENDING 113049 0 57160 0 0 0 22330 0 0 0 192539 0 0 0 JACQUE VALDEZ VP - BRANCH OPERATIONS 151930 0 6802 0 0 0 30908 0 6099 0 195739 0 0 0 STEVEN WANTUCK VP - UNDERWRITING 145136 0 15460 0 0 0 14576 0 6099 0 181271 0 0 0 JUDITH MONTELEONE ED - INVESTMENT & TRUST SERVICES 131558 0 19158 0 0 0 8126 0 11644 0 170486 0 0 0 PART I, LINE 4B PARTICIPANTS IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CRYSTAL LONG - $ 365,044 TERESA MONTOYA - $ 216,586 FERNANDO ORTEGA - $ 125,138 ROY TOMPKINS - $ 134,684 CECILIA DAVILA - $ 59,054 HAZEL KENNEDY - $ 61,732 SHARON PALMORE - $ 83,922 LETICIA RAMOS - $ 97,398 DAVID SOLIS - $ 84,597 JOE UNDERWOOD - $ 82,276 DANIEL VASQUEZ - $ 22,082 CARLA SPAULDING - $ 1,382 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 -30,079. 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 6601 MONTANA AVE SUITE A EL PASO TX 79925 825443576 PROVIDE TITLE INSURANCE, SETTLEMENT SERVICES AND VARIOUS LOAN CLOSINGS TX -337919 1099295 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 291368 AMOUNTS PAID EL PASO CREDIT UNION HOAP INC O 477110 AMOUNTS PAID