Sep, 30, 2025 — GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MILFORD, CT with 12 branch locations and about $270.35 million in total assets. Opened 86 years ago in 1940, GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION has about 25,853 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 265 Sub Way MILFORD, CT 06461-3048 |
| Phone: | (203) 783-1103 |
| Fax: | (203) 783-1131 |
| Website: | https://www.mygecreditunion.com |
| Branches: | 12 branch locations |
| Members: | 25,853 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4043 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $270,346,515 |
| CEO/Manager: | Christopher Moran |
| Chairperson: | William E Ryan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,525,438 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 99,217,078 |
| Unsecured Loans | 14,348,895 |
| Other Loans | 38,480,278 |
| TOTAL LOANS | 153,421,812 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -868,638 |
| Land And Building | 1,831,890 |
| Other Fixed Assets | 2,482,740 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,228,134 |
| All Other Assets | 0 |
| TOTAL ASSETS | 270,346,515 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,296,548 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,623,329 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,461,930 |
| Regular shares | 102,456,904 |
| All Other Shares & Deposits | 89,312,155 |
| TOTAL SHARES & DEPOSITS | 243,230,989 |
| TOTAL LIABILITIES | 247,165,078 |
| Regular Reserve | 0 |
| Other Reserves | 374,415 |
| Undivided Earnings | 22,807,022 |
| TOTAL EQUITY | 23,181,437 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 270,346,515 |
| INCOME & EXPENSE | |
| Loan Income | 6,886,059 |
| Investment Income | 2,021,061 |
| Other Income | 1,273,052 |
| Total Employee Compensation & Benefits | 3,432,592 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,627,473 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 236,131 |
| Cost of Funds | 1,917,090 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 860,444 |
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