GECU: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GECU (EIN 74-0650998)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-12
- IRS object ID
- 201132289349301183
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-12T18:08:46-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATE & APPLEBY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1011 MONTANA AVENUE | AddressLine1 |
| City | EL PASO | City |
| State | TX | State |
| ZIP Code | 79902 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740650998 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GECU | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GECU | NameControl |
| Phone | 9157789221 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1225 AIRWAY | AddressLine1 |
| City | EL PASO | City |
| State | TX | State |
| ZIP Code | 79925 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CRYSTAL LONG | Name |
| Title | EXECUTIVE VICE PRESIDENT | Title |
| Phone | 9157789221 | Phone |
| Date Signed | 2011-08-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD DE SANTOS | Name |
| Phone | 9155328000 | Phone |
| Date Prepared | 2011-08-12 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CRYSTAL LONG | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1225 AIRWAY | AddressLine1 |
| City | EL PASO | City |
| State | TX | State |
| ZIP Code | 79925 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 147397222 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.GECU-EP.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1932 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 779 | TotalNbrEmployees |
| Total Nbr Volunteers | 10 | TotalNbrVolunteers |
| Total Gross UBI | 263847 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 121730996 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 120739332 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2149725 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1385767 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 23551 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2273045 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 123904272 | TotalRevenuePriorYear |
| Total Revenue Current Year | 124398144 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 32915563 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 33454438 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 100002672 | OtherExpensePriorYear |
| Other Expenses Current Year | 66383537 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 132918235 | TotalExpensesPriorYear |
| Total Expenses Current Year | 99837975 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -9013963 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 24560169 | RevenuesLessExpensesCY |
| Total Assets BOY | 1614756654 | TotalAssetsBOY |
| Total Assets EOY | 1699210418 | TotalAssetsEOY |
| Total Liabilities BOY | 1502505690 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1564743230 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 112250964 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 134467188 | NetAssetsOrFundBalancesEOY |
| Mission Description | WE PROVIDE A BETTER FINANCIAL FUTURE FOR OUR MEMBER-OWNERS AND THE COMMUNITIES WE SERVE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | VOLUNTARY, COOPERATIVE, NON-PROFIT SAVINGS INSTITUTION (CREDIT UNION), INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG THEIR MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 239387 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 779 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TX | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CRYSTAL LONG | NamePerson |
| Telephone Number | 9157748203 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1225 AIRWAY | AddressLine1 |
| City | EL PASO | City |
| State | TX | State |
| ZIP Code | 79925 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MANUEL R YBARRA | |||||||
| DIRECTOR | 6.00 | X | 1050 | 0 | 0 | ||
| GREGORY J WATERS | |||||||
| DIRECTOR | 2.00 | X | 475 | 0 | 0 | ||
| FRANK GARCIA | |||||||
| DIRECTOR | 2.00 | X | 925 | 0 | 0 | ||
| YOLANDA M ESTRADA | |||||||
| DIRECTOR | 2.00 | X | 750 | 0 | 0 | ||
| JOHN FERNANDEZ | |||||||
| DIRECTOR | 1.00 | X | 250 | 0 | 0 | ||
| ANNIE KOCH | |||||||
| DIRECTOR | 1.00 | X | 175 | 0 | 0 | ||
| JOSE I QUINONEZ | |||||||
| DIRECTOR | 1.00 | X | 525 | 0 | 0 | ||
| HARRIET B MAY | |||||||
| PRESIDENT/CEO | 40.00 | 472710 | 0 | 9102 | X | ||
| CRYSTAL D LONG | |||||||
| SR. VP, CHIEF OPERATING OFFICER | 40.00 | 235323 | 0 | 11166 | X | ||
| RUDOLF W KUEHNE | |||||||
| SR. VP, INFORMATION TECHNO | 40.00 | 290915 | 0 | 8999 | X | ||
| SARAH E NEWMAN-ALTAMIRANO | |||||||
| SR. VP, GENERAL COUNSEL | 40.00 | 157095 | 0 | 10753 | X | ||
| ARTURO MORENO | |||||||
| VP - BUSINESS SERVICES | 40.00 | 165661 | 0 | 8293 | X | ||
| VIRGINIA BRACHER | |||||||
| VP - MARKETING | 40.00 | 145190 | 0 | 8194 | X | ||
| BARBARA FRANCO | |||||||
| VP - INTERNAL AUDIT | 40.00 | 140089 | 0 | 7977 | X | ||
| CECILIA A DAVILA | |||||||
| VP - SALES & SERVICE OPERATIONS | 40.00 | 144998 | 0 | 10622 | X | ||
| MARY JANE SHOCKLEY | |||||||
| VP - HUMAN RESOURCES | 40.00 | 201269 | 0 | 8411 | X | ||
| STEVEN G LUTZ | |||||||
| SR. VP, CHIEF FINANCIAL OF | 40.00 | 240927 | 0 | 8562 | X | ||
| RAYMOND STALLINGS | |||||||
| TECHNICAL SUPPORT MANAGER | 40.00 | 120137 | 0 | 10251 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2318464 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 102330 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FIDELITY INFORMATION SERVICE | |||||
| PO BOX 18012 | ASHBURN | VA | 20146 | MEMBER STATEMENT PROCESSING | 4345423 |
| THE LASTER GROUP | |||||
| 5407 N MESA | EL PASO | TX | 79912 | ADVERTISING | 2149160 |
| ALLIEDBARTON SECURITY SERVICES | |||||
| PO BOX 828854 | PHILADELPHIA | PA | 19182 | SECURITY SERVICES | 869419 |
| MIRACLE DELIVERY SERVICE | |||||
| 515 S KANSAS STREET | EL PASO | TX | 79901 | ARMORED CAR & COURIER SERVICES | 775353 |
| UNITED HEALTHCARE INSURANCE | |||||
| 22561 NETWORK PLACE | CHICAGO | IL | 60673 | EMPLOYEE HEALTH INSURANCE PROVIDER | 584159 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 64 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 90259271 | 90259271 | |
| FEE INCOME | 524113 | 27252194 | 27008335 | 243859 |
| OTHER OPERATING | 522100 | 3227867 | 3227867 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 120739332 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 761421 | TotalRevenueColumn |
| Related Or Exempt Function Income | 761421 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 23623424 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 22999078 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 624346 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 624346 | TotalRevenueColumn |
| Exclusion | $624,346 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| EQUITY EARNINGS ON INV | 900099 | 2253057 | 2253057 | |
| COMMISSION FROM FIRST | 900099 | 19988 | 19988 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2273045 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 124398144 | TotalRevenueColumn |
| Related Or Exempt Function Income | 123509951 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 263847 | UnrelatedBusinessRevenue |
| Exclusion | $624,346 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2318464 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23862815 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2076867 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3276427 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1919865 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 770405 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108550 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2147790 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6815997 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2928025 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234106 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85898 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25385072 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4155115 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| OFFICE OPERATIONS | 13730347 |
| PROVISION FOR LOAN LOSS | 6528175 |
| MISCELLANEOUS OPERATING | 2939502 |
| EDUCATION AND PROMOTION | 554555 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99837975 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43352819 | BOY |
| EOY | 97230198 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162392685 | BOY |
| EOY | 44775966 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1306490623 | BOY |
| EOY | 1392212683 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3181708 | BOY |
| EOY | 2217677 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 85350871 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 34465769 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51509127 | BOY |
| EOY | 50885102 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27766749 | BOY |
| EOY | 74791325 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20062943 | BOY |
| EOY | 37097467 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1614756654 | BOY |
| EOY | 1699210418 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1501866950 | BOY |
| EOY | 1563652304 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 638740 | BOY |
| EOY | 1090926 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1502505690 | BOY |
| EOY | 1564743230 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13327515 | BOY |
| EOY | 15580572 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98923449 | BOY |
| EOY | 118886616 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112250964 | BOY |
| EOY | 134467188 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1614756654 | BOY |
| EOY | 1699210418 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 24560169 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2343945 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 1 | AgentTrusteeEtc |
| Beginning Balance | 638740 | BeginningBalance |
| Additions During Year | 29373636 | AdditionsDuringYear |
| Distributions During Year | 28921450 | DistributionsDuringYear |
| Ending Balance | 1090926 | EndingBalance |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10449202 | OtherCostOrOtherBasis |
| Book Value | 10449202 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 46620128 | OtherCostOrOtherBasis |
| Depreciation | 12344704 | Depreciation |
| Book Value | 34275424 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 28281541 | OtherCostOrOtherBasis |
| Depreciation | 22121065 | Depreciation |
| Book Value | 6160476 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 50885102 | TotalOfBookValueLandBuildings |
| Total Revenue | 124398144 | TotalRevenue |
| Total Expenses | 99837975 | TotalExpenses |
| Excess Or Deficit For Year | 24560169 | ExcessOrDeficitForYear |
| Other | -$2,343,945 | OtherAmount |
| Total Adjustments | -2343945 | TotalAdjustments |
| Excess Or Deficit Per FS | 22216224 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 124398144 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 124398144 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 124398144 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 99837975 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 99837975 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 99837975 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 1B: | THE ORGANIZATION SERVICES MORTGAGE LOANS AND HOLDS FUNDS IN ESCROW FOR TAXES AND INSURANCE PAYMENTS ON BEHALF OF THE BORROWERS. | |
| IMPAIRMENT OF NCUSIF INSURANCE -3,771,410. OTHER COMPREHENSIVE INCOME 1,427,465. | PART XI, LINE 8 - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HARRIET B MAY | |||||||||||||
| 433544 | 0 | 0 | 0 | 39166 | 0 | 0 | 0 | 9102 | 0 | 481812 | 0 | 0 | 0 |
| CRYSTAL D LONG | |||||||||||||
| 199126 | 0 | 3963 | 0 | 32234 | 0 | 0 | 0 | 11166 | 0 | 246489 | 0 | 0 | 0 |
| RUDOLF W KUEHNE | |||||||||||||
| 247153 | 0 | 4697 | 0 | 39065 | 0 | 0 | 0 | 8999 | 0 | 299914 | 0 | 0 | 0 |
| SARAH E NEWMAN-ALTAMIRANO | |||||||||||||
| 146308 | 0 | 3082 | 0 | 7705 | 0 | 0 | 0 | 10753 | 0 | 167848 | 0 | 0 | 0 |
| ARTURO MORENO | |||||||||||||
| 154852 | 0 | 3088 | 0 | 7721 | 0 | 0 | 0 | 8293 | 0 | 173954 | 0 | 0 | 0 |
| VIRGINIA BRACHER | |||||||||||||
| 136591 | 0 | 2965 | 0 | 5634 | 0 | 0 | 0 | 8194 | 0 | 153384 | 0 | 0 | 0 |
| CECILIA A DAVILA | |||||||||||||
| 117821 | 0 | 2471 | 0 | 24706 | 0 | 0 | 0 | 10622 | 0 | 155620 | 0 | 0 | 0 |
| MARY JANE SHOCKLEY | |||||||||||||
| 169588 | 0 | 3335 | 0 | 28346 | 0 | 0 | 0 | 8411 | 0 | 209680 | 0 | 0 | 0 |
| STEVEN G LUTZ | |||||||||||||
| 206481 | 0 | 3963 | 0 | 30483 | 0 | 0 | 0 | 8562 | 0 | 249489 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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 11 | EACH YEAR THE BOARD OF DIRECTORS, AT A REGULAR BOARD MEETING, WILL REVIEW AND APPROVE IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE CEO AND CONTROLLER REVIEW THE TAX RETURN WITH THE BOARD MEMBMERS. THE RETURN IS FILED WITH THE DEPARTMENT OF TREASURY, INTERNAL REVENUE SERVICE. NO LATER THAN TEN DAYS AFTER FILING FORM 990, CONFIRMATION THAT THE FORM HAS BEEN REVIEWED BY THE BOARD OF DIRECTORS AND FILED ON TIME WILL BE SENT TO THE CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS BY MAIL, EMAIL OR FAX. | |
| ANY OFFICER, DIRECTOR, ADVISORY DIRECTOR OR COMMITTEE MEMBER OF THE CREDIT UNION 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 12C | |
| THE INSTITUTION USES HRONLINE, 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 THE CHAIRMAN OF THE BOARD AND ALONG WITH THE GOVERNANCE COMMITTEE WILL REVIEW THE REPORT AND SET THE SALARY FOR THE CEO AND EXECUTIVES AS WELL AS BONUS AMOUNTS AND OTHER BENEFITS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| 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 VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | IMPAIRMENT OF NCUSIF INSURANCE -3,771,410. OTHER COMPREHENSIVE INCOME 1,427,465. TOTAL TO FORM 990, PART XI, LINE 5: -2,343,945. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GECU FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1225 AIRWAY BLVD | AddressLine1 |
| City | EL PASO | City |
| State | TX | State |
| ZIP Code | 79925 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208801986 | EIN |
| Primary Activities | FUNDING OF A SCHOLARSHIP ENDOWMENT FUND | PrimaryActivities |
| Legal Domicile State | TX | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 11D, III-O | PublicCharityStatus |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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