2019-11-15T14:16:09-06:00 2018-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2018-01-01 310568628 General Electric Credit Union % GENERAL ELECTRIC CREDIT UNIO GENE 5132434328 10485 Reading Road Cincinnati OH 45241 KEVIN MOTLEY CFO 5132434328 2019-11-15 true MICHAEL J SUMMERS P00838533 3173834000 2019-11-15 167.68.126.162 43033020193195000025 2019-11-15 P FD4F297D91F1C2296C9EC3134EBCC295BFEA8D59 E43C2FEF5D838BC286DC3B96AF984EDC8464B4B8 2018 2020-04-17 16:48:07Z TIMOTHY D BALLINGER 10485 READING ROAD CINCINNATI OH 45241 114651139 false X WWW.GECREDITUNION.ORG X 1954 OH TO PROVIDE FINANCIAL SERVICES TO MEMBERSHIP OWNERS. 8 7 351 12 184222 0 0 0 102749964 108851893 506346 3870819 0 0 103256310 112722712 33750 28100 0 0 17402836 21444435 0 0 0 73831214 77404688 91267800 98877223 11988510 13845489 2795896170 3042586327 2529990360 2762788128 265905810 279798199 TO PROVIDE A VARIETY OF QUALITY PRODUCTS AND SERVICES ALL DESIGNED TO BENEFIT THE MEMBER EXPERIENCE AND PROVIDE A STRONG FINANCIAL STRUCTURE AROUND THE INTEGRITY AND CONTINUED VIABILITY OF THE CREDIT UNION. false false PROVIDE APPROXIMATELY 191,000 MEMBER-OWNERS A VARIETY OF DEPOSIT PRODUCTS AT COMPETITIVE INTEREST RATES INCLUDING REGULAR SHARE, SHARE DRAFT, CD'S, MMDA, AND IRA'S. ORIGINATED 24,529 LOANS TOTALING OVER $885 MILLION DOLLARS IN VARIOUS LOAN TYPES INCLUDING RESIDENTIAL, COMMERCIAL, CONSUMER, AND INDIRECT AUTO, MARINE, AND RV LOANS. OFFER MEMBERS THE MOST TECHNOLOGICALLY ADVANCED ACCESS PORTALS TO THEIR VARIOUS ACCOUNTS THROUGH MULTIPLE CHANNELS WHILE PROVIDING A VARIETY OF PRODUCTS AND SERVICES THAT COMPLIMENT THEIR OVERALL 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 53492 0 true 351 true true true false false false false false false false X 8 7 false false false false true true true true true false true true false true false false true true true true false X GENERAL ELECTRIC CREDIT UNIO 5132434328 10485 READING ROAD CINCINNATI OH 45241 Timothy D Ballinger President/CEO 40.0 0.0 X X 878826 0 166021 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 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 Kevin Motley CFO 40.0 0.0 X 227429 0 4364 Ashley Cunningham Bus. Dvlpmnt/Member Service 40.0 0.0 X 153229 0 37978 Matthew Dole Human Resources Director 40.0 0.0 X 216362 0 75769 Jeffrey Lenzer IT Security Risk Management 40.0 0.0 X 150236 0 19960 Jill Lingo Marketing Director 40.0 0.0 X 184268 0 53899 Brian Lucas Compliance 40.0 0.0 X 183477 0 31934 Neil Peterson Director of Lending Services 40.0 0.0 X 227760 0 87530 Kevin Riede Director of IT 40.0 0.0 X 199911 0 93059 Melissa Ziegelmeyer Director of Internal Audit 40.0 0.0 X 168159 0 9661 William Meyer Mortgage Manager 40.0 0.0 X 108892 0 20071 Stephen Taylor Branch Manager 40.0 0.0 X 112632 0 22001 Sharon Short Collection Manager 40.0 0.0 X 106263 0 57628 Amy Prather Payment Systems Administrator 40.0 0.0 X 101655 0 9050 David Ekey Sr Commercial Lending Officer 40.0 0.0 X 112432 0 27960 3131531 0 716885 15 false true false NCR Corporation 14181 Collections Center Drive CHICAGO IL 60693 IT Service 1922814 16 Point Solutions 7351 E Kemper Road CINCINNATI OH 45249 Space Planning 1893621 FISERV PO Box 745148 ATLANTA GA 303745148 Core Processing 2294955 PSCU 560 Carillion Parkway ST PETERSBURG FL 33716 Banking Technology 1284854 Trak Staffing Service 625 Eden Park Drive CINCINNATI OH 45202 Staffing Service 1136970 5 0 LOAN INTEREST 522100 93808404 93808404 FEE/OTHER INCOME 522100 15043489 14859267 184222 108851893 4256001 4256001 0 0 0 0 0 1543245 1928427 -385182 -385182 -385182 0 0 0 0 0 0 0 0 0 0 112722712 112538490 184222 18100 10000 0 0 3169832 0 12281742 777602 4046806 1168453 0 336098 311405 0 0 0 3287818 1677831 2058561 0 0 1655429 115748 0 192366 45404577 0 1002739 299337 PROVISION FOR LOAN LOSS 13134866 LOAN SERVICING 4270981 DATA PROCESSING EXPENSE 3520506 MISCELLANEOUS OPERATING 136426 98877223 2861153 2774220 9726912 251851006 0 0 7646691 3268591 0 0 0 0 2549431956 2663692464 0 0 571380 984492 21907216 7444135 9136854 14463081 0 0 26748308 26755061 160394967 48531551 0 0 29377949 30265861 2795896170 3042586327 18196808 18537774 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2511793552 2744250354 2529990360 2762788128 X 0 0 0 0 265905810 279798199 265905810 279798199 2795896170 3042586327 13845489 -103100 150000 X false true X true false 1586323 1586323 13417762 3958115 9459647 425115 2272 422843 6478016 3483748 2994268 14463081 0 MEMBER SHARES 2744250354 2744250354 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 GE Employee's Community Service Fund ONE NEUMANN WAY H334 CINCINNATI OH 45215 316049266 501(c)(3) 13000 GENERAL SUPPORT Loveland School 757 SOUTH LEBANON ROAD LOVELAND OH 45140 316000858 GOVERNMENT 5100 GENERAL SUPPORT 2 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 697201 174893 6732 148357 0 17664 0 1044847 0 0 0 Ashley Cunningham Bus. Dvlpmnt/Member Service 117509 32115 3605 20617 0 17361 0 191207 0 0 0 Matthew Dole Human Resources Director 165657 50705 0 58048 0 17721 0 292131 0 0 0 Jeffrey Lenzer IT Security Risk Management 116306 33930 0 11631 0 8329 0 170196 0 0 0 Jill Lingo Marketing Director 146122 38146 0 36232 0 17667 0 238167 0 0 0 Brian Lucas Compliance 144787 38690 0 14479 0 17455 0 215411 0 0 0 Neil Peterson Director of Lending Services 180642 47118 0 69866 0 17664 0 315290 0 0 0 Kevin Riede Director of IT 157961 41950 0 75338 0 17721 0 292970 0 0 0 Melissa Ziegelmeyer Director of Internal Audit 131991 36168 0 8987 0 674 0 177820 0 0 0 Kevin Motley CFO 215429 12000 0 3946 0 418 0 231793 0 0 0 Sharon Short Collection Manager 94079 0 12184 0 40291 0 17337 0 163891 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 1, LINE 4A: SEVERANCE PAYMENTS: WILLIAM MEYER AND AMY PRATHER RECEIVED SEVERANCE PAYMENTS DURING 2018. THESE AMOUNTS ARE INCLUDED WITH REPORTABLE COMPENSATION ON THE FORM 990, PART VII. 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/CEO'S EVALUATION IS COMPLETED BY HUMAN RESOURCES WITH THE INITIAL SUBMISSION TO THE COMPENSATION COMMITTEE COMPRISED OF SELECTED BOARD MEMBERS. ONCE REVIEWED, THE EVALUATION IS SUBMITTED TO THE FULL BOARD FOR APPROVAL. SALARY INCREASES ARE SUBJECT TO THE SUCCESSFUL PERFORMANCE OF THE CREDIT UNION AND COMPETITIVE SALARY SURVEYS. THE LAST REVIEW WAS CONDUCTED IN THE FOURTH QUARTER OF 2018. THE CFO AND OTHER KEY EMPLOYEES ARE EVALUATED AND APPROVED BY THE PRESIDENT AND HUMAN RESOURCES WITH ANY SUGGESTED SALARY INCREASES GOING TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR FINAL APPROVAL. ALL OTHER EMPLOYEES' SALARIES ARE REVIEWED ON THEIR ANNIVERSARY DATE. LAST REVIEW WAS IN 2018. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: FINANCIAL STATEMENT INFORMATION IS AVAILABLE AT LEAST MONTHLY THROUGH VARIOUS CHANNELS INCLUDING WEBSITE, QUARTERLY NEWSLETTERS, 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 320911 232421 1.00000 true false false false false false true false false false false false false false true true true true false false CUSO CORPORATION F 150000 CASH CUSO CORPORATION N 39582 CASH CUSO CORPORATION O 37732 CASH CUSO CORPORATION Q 37024 CASH