2011-08-12T18:08:46-05:00 2010-12-31 PATE & APPLEBY LLP 1011 MONTANA AVENUE EL PASO TX 79902 990 2010-01-01 740650998 GECU GECU 9157789221 1225 AIRWAY EL PASO TX 79925 CRYSTAL LONG 9157789221 2011-08-12 1 RICHARD DE SANTOS 9155328000 2011-08-12 X 2010 2016-02-24 21:20:13Z CRYSTAL LONG 1225 AIRWAY EL PASO TX 79925 147397222 0 X WWW.GECU-EP.ORG X 1932 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES 7 7 779 10 263847 0 0 0 121730996 120739332 2149725 1385767 23551 2273045 123904272 124398144 0 0 0 0 32915563 33454438 0 0 0 100002672 66383537 132918235 99837975 -9013963 24560169 1614756654 1699210418 1502505690 1564743230 112250964 134467188 WE PROVIDE A BETTER FINANCIAL FUTURE FOR OUR MEMBER-OWNERS AND THE COMMUNITIES WE SERVE. 0 0 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. 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 239387 0 779 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 TX X CRYSTAL LONG 9157748203 1225 AIRWAY EL PASO TX 79925 MANUEL R YBARRA 6.00 X 1050 0 0 GREGORY J WATERS 2.00 X 475 0 0 FRANK GARCIA 2.00 X 925 0 0 YOLANDA M ESTRADA 2.00 X 750 0 0 JOHN FERNANDEZ 1.00 X 250 0 0 ANNIE KOCH 1.00 X 175 0 0 JOSE I QUINONEZ 1.00 X 525 0 0 HARRIET B MAY 40.00 X 472710 0 9102 CRYSTAL D LONG 40.00 X 235323 0 11166 RUDOLF W KUEHNE 40.00 X 290915 0 8999 SARAH E NEWMAN-ALTAMIRANO 40.00 X 157095 0 10753 ARTURO MORENO 40.00 X 165661 0 8293 VIRGINIA BRACHER 40.00 X 145190 0 8194 BARBARA FRANCO 40.00 X 140089 0 7977 CECILIA A DAVILA 40.00 X 144998 0 10622 MARY JANE SHOCKLEY 40.00 X 201269 0 8411 STEVEN G LUTZ 40.00 X 240927 0 8562 RAYMOND STALLINGS 40.00 X 120137 0 10251 2318464 0 102330 11 0 1 0 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 64 INTEREST ON LOANS 522100 90259271 90259271 FEE INCOME 524113 27252194 27008335 243859 OTHER OPERATING 522100 3227867 3227867 120739332 761421 761421 23623424 22999078 624346 624346 624346 EQUITY EARNINGS ON INV 900099 2253057 2253057 COMMISSION FROM FIRST 900099 19988 19988 2273045 124398144 123509951 263847 624346 2318464 23862815 2076867 3276427 1919865 770405 108550 2147790 6815997 2928025 234106 85898 25385072 4155115 OFFICE OPERATIONS 13730347 PROVISION FOR LOAN LOSS 6528175 MISCELLANEOUS OPERATING 2939502 EDUCATION AND PROMOTION 554555 99837975 43352819 97230198 162392685 44775966 1306490623 1392212683 3181708 2217677 85350871 34465769 51509127 50885102 27766749 74791325 20062943 37097467 1614756654 1699210418 1501866950 1563652304 638740 1090926 1502505690 1564743230 X 13327515 15580572 0 0 98923449 118886616 112250964 134467188 1614756654 1699210418 X 24560169 -2343945 X 0 1 1 X 0 1 638740 29373636 28921450 1090926 1 10449202 10449202 46620128 12344704 34275424 28281541 22121065 6160476 50885102 124398144 99837975 24560169 -2343945 -2343945 22216224 124398144 0 124398144 0 124398144 99837975 0 99837975 0 99837975 PART IV, LINE 1B: THE ORGANIZATION SERVICES MORTGAGE LOANS AND HOLDS FUNDS IN ESCROW FOR TAXES AND INSURANCE PAYMENTS ON BEHALF OF THE BORROWERS. PART XI, LINE 8 - OTHER ADJUSTMENTS: IMPAIRMENT OF NCUSIF INSURANCE -3,771,410. OTHER COMPREHENSIVE INCOME 1,427,465. X 1 1 X X X 0 0 0 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 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. FORM 990, PART VI, SECTION B, LINE 12C 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 15 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: IMPAIRMENT OF NCUSIF INSURANCE -3,771,410. OTHER COMPREHENSIVE INCOME 1,427,465. TOTAL TO FORM 990, PART XI, LINE 5: -2,343,945. GECU FOUNDATION 1225 AIRWAY BLVD EL PASO TX 79925 208801986 FUNDING OF A SCHOLARSHIP ENDOWMENT FUND TX 501(C)(3) LINE 11D, III-O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0