Sep, 30, 2025 — GAS AND ELECTRIC CREDIT UNION is a federally insured state chartered credit union headquartered in ROCK ISLAND, IL with 2 branch locations and about $125.73 million in total assets. Opened 91 years ago in 1935, GAS AND ELECTRIC CREDIT UNION has about 5,564 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GAS AND ELECTRIC CREDIT UNION |
|---|---|
| Address: (Main Office) | 2300 4TH AVE ROCK ISLAND, IL 61201 |
| Phone: | (309) 793-3610 |
| Fax: | (309) 788-6548 |
| Website: | https://www.gaselectriccu.com |
| Branches: | 2 branch locations |
| Members: | 5,564 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65003 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $125,731,670 |
| CEO/Manager: | DARYL E EMPEN |
| Chairperson: | DARRON L NILES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,062,175 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,109,572 |
| Unsecured Loans | 9,790,616 |
| Other Loans | 24,566,901 |
| TOTAL LOANS | 82,467,089 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -754,252 |
| Land And Building | 1,703,780 |
| Other Fixed Assets | 168,075 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,034,840 |
| All Other Assets | 0 |
| TOTAL ASSETS | 125,731,670 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,033,864 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,331,151 |
| Regular shares | 26,658,252 |
| All Other Shares & Deposits | 61,019,081 |
| TOTAL SHARES & DEPOSITS | 112,008,484 |
| TOTAL LIABILITIES | 114,042,348 |
| Regular Reserve | 0 |
| Other Reserves | -780,810 |
| Undivided Earnings | 12,470,132 |
| TOTAL EQUITY | 11,689,322 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 125,731,670 |
| INCOME & EXPENSE | |
| Loan Income | 3,517,136 |
| Investment Income | 846,108 |
| Other Income | 245,636 |
| Total Employee Compensation & Benefits | 1,251,704 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,442,531 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,051 |
| Cost of Funds | 1,696,626 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 845,559 |
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