Dec, 31, 2023 — GENERAL ELECTRIC CREDIT UNION is a federally insured state chartered credit union headquartered in CINCINNATI, OH with 11 branch locations and about $5.11 billion in total assets. Opened 70 years ago in 1954, GENERAL ELECTRIC CREDIT UNION has about 279,569 members and employs 547 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: | 11 branch locations |
Members: | 279,569 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,108,668,436 |
CEO/Manager: | Timothy D Ballinger |
Chairperson: | Mary C Vessells |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 311,444,289 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 266,643,223 |
Real Estate Loans | 1,921,347,441 |
Unsecured Loans | 101,157,002 |
Other Loans | 1,979,585,296 |
TOTAL LOANS | 4,002,158,468 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,733,273 |
Land And Building | 47,891,116 |
Other Fixed Assets | 5,312,571 |
NCUSIF Deposit | 34,763,325 |
All Other Assets | 3,837,181 |
TOTAL ASSETS | 5,108,668,436 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 41 |
Notes & Interest Payable | 785,541,092 |
Accounts Payable & Other Liabilities | 30,075,125 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 319,125,696 |
Regular shares | 225,084,824 |
All Other Shares & Deposits | 3,438,313,529 |
TOTAL SHARES & DEPOSITS | 3,982,524,049 |
TOTAL LIABILITIES | 4,798,617,831 |
Regular Reserve | 0 |
Other Reserves | -53,459,179 |
Undivided Earnings | 363,509,784 |
TOTAL EQUITY | 310,050,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,108,668,436 |
INCOME & EXPENSE | |
Loan Income | 188,351,009 |
Investment Income | 20,887,859 |
Other Income | 17,780,202 |
Total Employee Compensation & Benefits | 44,734,499 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 35,675,263 |
Non-operating Income & (Expense) | 928,614 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,384,187 |
Cost of Funds | 143,978,778 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,075,483 |
↑ Back to Top |