Overview
What is General Electric Credit Union?
The General Electric Credit Union, based in Cincinnati, Ohio, serves over 254,000 members by providing them with a range of loan and deposit services at competitive rates and terms. As a nonprofit organization, their mission is to offer financial services that benefit all members under a strong financial structure, ensuring the credit union's continued viability. With a workforce of 581 employees, the credit union offers various high-quality products designed to meet the diverse financial needs of its members.
Official website here: www.gecreditunion.org
Is General Electric Credit Union legitimate?
General Electric Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. General Electric Credit Union 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,538,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,872,148
For more financial information, click here
Official website here: www.gecreditunion.org
What is the mission statement of General Electric Credit Union?
The General Electric Credit Union is dedicated to delivering a range of high-quality financial products and services to its members. By maintaining a robust financial structure, the credit union ensures its continued viability and benefits all members. The credit union offers competitive interest rates and terms on loans and deposit services to approximately 254,000 members. By providing these financial solutions, the General Electric Credit Union aims to enhance the financial well-being of its members. Furthermore, the credit union's strong financial footing allows it to offer various loan and deposit services that cater to the diverse financial needs of its members.
Official website here: www.gecreditunion.org
Who is the CEO of General Electric Credit Union?
Timothy D Ballinger is the CEO of General Electric Credit Union The CEO's salary of General Electric Credit Union is $870,057 and their total compensation is $927,448.
Official website here: www.gecreditunion.org
What is the revenue of General Electric Credit Union?
General Electric Credit Union's revenue in 2023 was $238,144,145.
Official website here: www.gecreditunion.org
Who are the executives of General Electric Credit Union and what are their salaries?
The average compensation at General Electric Credit Union during 2023 was $50,394. There are 663 employees and 9 volunteers at General Electric Credit Union.
Here are 25 key members and their salaries (General Electric Credit Union's CEO's salary is $870,057 and their total compensation is $927,448):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $870,057
- Related: $0
- Other: $57,391
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $259,776
- Related: $0
- Other: $35,428
- Compensation: $123,771
- Related: $0
- Other: $12,991
- Compensation: $252,245
- Related: $0
- Other: $28,082
- Compensation: $251,542
- Related: $0
- Other: $34,817
- Compensation: $214,950
- Related: $0
- Other: $38,897
- Compensation: $201,119
- Related: $0
- Other: $30,599
- Compensation: $227,124
- Related: $0
- Other: $18,327
- Compensation: $296,522
- Related: $0
- Other: $31,672
- Compensation: $252,404
- Related: $0
- Other: $35,273
- Compensation: $235,738
- Related: $0
- Other: $33,629
- Compensation: $206,079
- Related: $0
- Other: $31,817
- Compensation: $174,307
- Related: $0
- Other: $36,195
- Compensation: $742,801
- Related: $0
- Other: $23,652
- Compensation: $207,256
- Related: $0
- Other: $14,087
- Compensation: $265,935
- Related: $0
- Other: $8,060
- Compensation: $167,233
- Related: $0
- Other: $30,937
Official website here: www.gecreditunion.org
Where can I find the form 990 for General Electric Credit Union?
General Electric Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gecreditunion.org
Learn more at the official website: www.gecreditunion.org
Mission Statement of General Electric Credit Union
General Electric Credit Union, with its mission to provide financial services, is dedicated to benefiting its members under a financially sound structure. The credit union offers a wide range of quality products and services designed to cater to the needs of all its 254,000 members. By ensuring the continued viability of the credit union, General Electric Credit Union aims to deliver a variety of competitive loan and deposit services to its members. The organization's primary goal is to enhance the financial well-being of its members through its extensive range of offerings.
In pursuit of its mission, General Electric Credit Union provides its members with financial solutions tailored to their unique situations. The credit union's strong financial structure allows it to offer loans and deposit services at competitive interest rates and terms. This commitment to member benefits is the driving force behind General Electric Credit Union's success. By consistently delivering high-quality financial services, the credit union fosters trust and loyalty among its members, ensuring a strong and thriving financial community.
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Impact
October, 2024
General Electric Credit Union significantly impacts its community by providing essential financial services to over 254,000 members in Cincinnati, Ohio. The credit union offers a wide range of loan and deposit services, ensuring competitive interest rates and favorable terms. This approach not only enhances financial accessibility for its members but also contributes to their overall financial well-being.
By focusing on a strong financial structure, General Electric Credit Union is dedicated to offering quality products and services that cater to the needs of its diverse membership base. This commitment fosters a sense of community and stability, enhancing the economic empowerment of its members and creating a positive ripple effect throughout the region. The credit union's mission underscores its role in promoting public benefit while ensuring the long-term viability of its operations.
This information is meant to be a general summary of General Electric Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $22,892,775
- Program Service Revenue: $218,130,826
- Gross Receipts: $692,009,601
Assets and Liabilities:
- Total Assets: $4,683,051,080
- Total Liabilities: $4,364,458,764
- Net Assets: $318,592,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$186,746,099
Fee/Other Income
Revenue
$31,384,727
Organization Details
Founding Year
1954
Principal Officer
Dan Vonderhaar
Website
www.gecreditunion.orgNTEE Category
Code: W60 - Public benefit
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