Overview
What is Gecu?
GECU is a member-owned, non-profit financial services provider based in El Paso, Texas. With over 1,100 employees, this cooperative organization aims to encourage savings among its members and provides them with credit at reasonable rates. GECU offers various loan options, including personal, auto, business, and home loans, and manages a substantial loan portfolio with 199,041 outstanding loans worth over $2.5 billion as of December 31, 2021. The institution also caters to its members' savings needs, with over 661,000 deposit accounts and substantial deposits totaling over $3.2 billion. GECU's mission is to help its members and the community access top-tier financial products and services, paving the way for financial freedom.
Official website here: www.gecu.com
Is Gecu legitimate?
Gecu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gecu submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $9,425,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gecu.com
What is the mission statement of Gecu?
GECU is a member-owned financial cooperative dedicated to providing superior financial products and services to its members. Its mission is to help members pave the way towards financial freedom. Established under the Texas Credit Union Act, GECU aims to encourage thrift, offer credit at fair rates, and improve members' economic conditions. The cooperative offers various loan options, including personal, auto, business, and home loans, with a total of 199,041 outstanding loans and an outstanding balance of $2.52 billion as of December 31, 2021. In addition, GECU provides various deposit account options, such as checking, savings, certificates of deposit, individual retirement accounts, and money market accounts, with a total of 661,159 deposit accounts and an outstanding balance of $3.22 billion.
Official website here: www.gecu.com
Who is the CEO of Gecu?
What is the revenue of Gecu?
Who are the executives of Gecu and what are their salaries?
Where can I find the form 990 for Gecu?
The Gecu’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.gecu.com
Learn more at the official website: www.gecu.com
Mission Statement of Gecu
GECU, a member-owned, cooperative, non-profit financial services provider, is dedicated to enhancing the financial well-being of its members and the community. Established under the Texas Credit Union Act, this financial cooperative encourages savings among its members, offers credit at fair and reasonable rates, and creates opportunities to improve economic conditions. GECU's mission in action translates into providing convenient, superior financial products and services that pave the way for financial freedom.
The credit union's extensive range of offerings includes personal, auto, business, and home loans. As of December 31, 2021, GECU had over 199,000 outstanding loans with a collective balance of $2.52 billion. In addition to loans, GECU offers various deposit account options such as checking, savings, certificates of deposit, individual retirement accounts, and money market accounts. With a total of 661,159 deposit accounts and an outstanding deposit balance of $3.22 billion at the same time, members have ample choices to manage their finances effectively. GECU's commitment to its members' financial growth and stability sets it apart as a trusted financial partner.
Impact
This information is meant to be a general summary of Gecu. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Gecu's impact is significant as a cooperative provider of credit union financial services, aiming to encourage thrift among members, provide credit at fair rates, and improve members' economic conditions. With a wide range of offerings including personal, auto, business, and home loans, Gecu has facilitated economic opportunities for its members. Additionally, with a substantial number of outstanding loans and deposits, Gecu plays a crucial role in supporting the financial stability of its community in El Paso, Texas. Through its mission to provide superior financial products and services that lead to financial freedom, Gecu creates a tangible public benefit for its members and the broader community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$139,483,788
Organization Details
Founding Year
1932
Phone
(915) 778-9221
Principal Officer
David A Rascon
Main Address
1225 AIRWAY, EL PASO, TX, 79925
Website
www.gecu.com
NTEE Category
Code: W60 - Public benefit
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