Sep, 30, 2025 — GENERAL ELECTRIC CREDIT UNION is a federally insured state chartered credit union headquartered in CINCINNATI, OH with 12 branch locations and about $4.25 billion in total assets. Opened 72 years ago in 1954, GENERAL ELECTRIC CREDIT UNION has about 306,711 members and employs 499 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 10485 Reading Rd CINCINNATI, OH 45241-2523 |
| Phone: | (513) 243-4328 |
| Fax: | (513) 243-9206 |
| Website: | https://www.gecreditunion.org |
| Branches: | 12 branch locations |
| Members: | 306,711 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68574 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,252,507,832 |
| CEO/Manager: | Timothy D Ballinger |
| Chairperson: | Mary C Vessells |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 283,139,544 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 69,685,332 |
| Real Estate Loans | 1,807,735,073 |
| Unsecured Loans | 90,684,776 |
| Other Loans | 1,564,973,146 |
| TOTAL LOANS | 3,463,484,982 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,991,222 |
| Land And Building | 48,739,295 |
| Other Fixed Assets | 2,390,481 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 31,359,178 |
| All Other Assets | 2,706,537 |
| TOTAL ASSETS | 4,252,507,832 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,291 |
| Notes & Interest Payable | 435,126,400 |
| Accounts Payable & Other Liabilities | 25,849,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 290,896,611 |
| Regular shares | 155,184,172 |
| All Other Shares & Deposits | 3,033,546,105 |
| TOTAL SHARES & DEPOSITS | 3,479,626,888 |
| TOTAL LIABILITIES | 3,940,838,019 |
| Regular Reserve | 0 |
| Other Reserves | -35,827,752 |
| Undivided Earnings | 347,497,565 |
| TOTAL EQUITY | 311,669,813 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,252,507,832 |
| INCOME & EXPENSE | |
| Loan Income | 140,352,611 |
| Investment Income | 16,011,986 |
| Other Income | 13,734,764 |
| Total Employee Compensation & Benefits | 34,132,128 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 27,036,940 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,231,454 |
| Cost of Funds | 95,357,147 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,869,684 |
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