Civic Intelligence

Gecu

EIN 74-0650998 • 501(c)14 • El Paso, TX

Profile

Provide our members with convenient, superior financial products and services that pave the way for financial freedom.

1225 AirwayEl Paso, TX 79925

www.mygecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.89x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

14.94x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2021

Net Margin

97th percentile

26%

Higher net margin than 97% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2021

Top Officer Pay

57th percentile

$1,132,893

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2021

Asset Growth

68th percentile

5.7%

Faster asset growth than 68% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-1.0%

Faster revenue growth than 4% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,723,377,510

Up $200,412,474 (+5.7%) from 2020

Liabilities

Up

$3,317,394,498

Up $142,619,363 (+4.5%) from 2020

Net Assets

Up

$405,983,012

Up $57,793,111 (+17%) from 2020

Revenue

Down

$222,114,762

Down $2,158,361 (-1.0%) from 2020

Expenses

Down

$164,199,081

Down $36,875,048 (-18%) from 2020

Net Income

Up

$57,915,681

Up $34,716,687 (+150%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0B$3.0B$2.0B$1.0B$0Assets 2011: $1,825,093,373Liabilities 2011: $1,675,801,478Net Assets 2011: $149,291,8952011Assets 2012: $1,945,190,890Liabilities 2012: $1,780,972,703Net Assets 2012: $164,218,1872012Assets 2013: $2,005,779,908Liabilities 2013: $1,827,651,555Net Assets 2013: $178,128,3532013Assets 2014: $2,100,657,676Liabilities 2014: $1,904,766,631Net Assets 2014: $195,891,0452014Assets 2015: $2,294,444,648Liabilities 2015: $2,079,965,035Net Assets 2015: $214,479,6132015Assets 2016: $2,476,945,904Liabilities 2016: $2,242,669,064Net Assets 2016: $234,276,8402016Assets 2017: $2,650,858,008Liabilities 2017: $2,396,527,466Net Assets 2017: $254,330,5422017Assets 2018: $2,819,381,992Liabilities 2018: $2,533,894,536Net Assets 2018: $285,487,4562018Assets 2019: $2,923,496,822Liabilities 2019: $2,598,965,834Net Assets 2019: $324,530,9882019Assets 2020: $3,522,965,036Liabilities 2020: $3,174,775,135Net Assets 2020: $348,189,9012020Assets 2021: $3,723,377,510Liabilities 2021: $3,317,394,498Net Assets 2021: $405,983,0122021

Highlighted filing

2021

Assets$3,723,377,510
Liabilities$3,317,394,498
Net Assets$405,983,012

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0Revenue 2011: $119,344,088Expenses 2011: $101,060,142Net Income 2011: $18,283,9462011Expenses 2012: $104,964,6702012Revenue 2013: $119,360,064Expenses 2013: $103,735,957Net Income 2013: $15,624,1072013Revenue 2014: $125,006,410Expenses 2014: $106,859,594Net Income 2014: $18,146,8162014Revenue 2015: $138,383,984Expenses 2015: $118,704,454Net Income 2015: $19,679,5302015Revenue 2016: $162,071,554Expenses 2016: $143,030,961Net Income 2016: $19,040,5932016Revenue 2017: $179,451,771Expenses 2017: $159,967,050Net Income 2017: $19,484,7212017Revenue 2018: $201,771,905Expenses 2018: $168,899,936Net Income 2018: $32,871,9692018Revenue 2019: $225,334,087Expenses 2019: $186,819,628Net Income 2019: $38,514,4592019Revenue 2020: $224,273,123Expenses 2020: $201,074,129Net Income 2020: $23,198,9942020Revenue 2021: $222,114,762Expenses 2021: $164,199,081Net Income 2021: $57,915,6812021

Highlighted filing

2021

Revenue$222,114,762
Expenses$164,199,081
Net Income$57,915,681

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 18, 2017
Return Version
2016v3.0
Gross Receipts
$205,925,513
Mission and Program Overview

Mission

We are el paso's trusted financial advocate providing hope and solutions for a better financial future for our members.

Cooperative provider of credit union financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,946,675,752$2,194,028,108▲ $247,352,356
Rtn Earn Endowment Incm Other Fnds$198,899,041$218,696,268▲ $19,797,227
Investments Other Securities$111,692,875$90,901,088▼ $20,791,787
Land, Buildings, and Equipment, Net$58,046,143$61,557,713▲ $3,511,570
Cash and Non-Interest-Bearing Accounts$106,855,142$59,913,372▼ $46,941,770
Cap Stk Tr Prin Current Funds$15,580,572$15,580,572→ $0
Prepaid Expenses and Deferred Charges$2,981,555$4,843,288▲ $1,861,733
Savings and Temporary Cash Investments$1,208,676$1,208,676→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$2,294,444,648$2,476,945,904▲ $182,501,256
Other Assets Total$66,984,505$64,493,659▼ $2,490,846
Liabilities
Accounts Payable and Accrued Expenses$2,077,678,025$2,240,725,048▲ $163,047,023
Escrow Account Liability$2,287,010$1,944,016▼ $342,994
Total Liabilities$2,079,965,035$2,242,669,064▲ $162,704,029
Net Assets / Fund Balance
Total Net Assets Fund Balance$214,479,613$234,276,840▲ $19,797,227
Total Liabilities and Net Assets / Fund Balance$2,294,444,648$2,476,945,904▲ $182,501,256

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,256,367$20,172,865$60,429,232
Equipment$14,531,977$31,150,277$45,682,254
Land$6,769,369-$6,769,369
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Crystal D LongPresident/CEOFT$537,499$454,943$992,442
Roy ThompkinsSr. VP - Chief Commercial Services OfficerFT$312,188$48,037$360,225
Roy ThompkinsSr. VP - Chief Commercial Services O-$273,096$87,129$360,225
Cecilia a DavilaSr. VP - Chief Operations OfficerFT$205,134$123,437$328,571
Hazel Kennedy-ledesmaSr. VP - Chief Administrative OfficerFT$216,468$83,134$299,602
Hazel Kennedy-ledesmaSr. VP - Chief Administrative Office-$186,671$112,931$299,602
Darlene PalmoreSr. VP - Chief Compliance OfficerFT$199,046$97,932$296,978
Fernando OrtegaSr. VP - Chief Information OfficerFT$194,104$90,951$285,055
Teresa MontoyaSr. VP - Chief Marketing OfficerFT$190,012$79,180$269,192
Arturo PerezSr. VP - Chief Lending OfficerFT$192,756$74,527$267,283
David SolisSr. VP - Chief Financial OfficerFT$187,480$70,670$258,150
Leticia RamosVP - MortgageFT$138,973$54,846$193,819
Joe UnderwoodVP - Human ResourcesFT$137,495$48,208$185,703
Raymond StallingsEmployeeFT$124,103$48,556$172,659
Sandra LujanEmployeeFT$92,092$70,369$162,461
Jacque ValdezEmployeeFT$111,050$49,282$160,332
Jenny TurnerEmployeeFT$113,359$35,263$148,622
Mike SarabiaVP - Internal AuditFT$103,916$38,254$142,170
Daniel VasquezVP - Career and Talent DevelopmentFT$116,551$22,649$139,200
Larry GarciaVP - Community DevelopmentFT$114,385$18,819$133,204
Steven WantuckEmployeeFT$107,592$16,617$124,209
Guadalupe GinerDirector-$500-$500
Ricardo SotoDirector-$500-$500
Gregory J WattersDirectorPT$375-$375
John RunklesDirectorPT$325-$325
Frank GarciaDirector-$325-$325
Grace VaughnDirector-$325-$325
Teresa QuezadaDirector-$325-$325
Jose I QuinonezDirector-$275-$275

Highest Paid Contractors

ContractorServicesLocationCompensation
Dbsi IncorporatedFacilities Construction And Reconstructi6950 W MORELOS PL STE 1, Chandler, AZ 85226$4,854,766
Sanders WingoAdvertising221 N KANSAS STREET, El Paso, TX 79901$3,227,850
Fidelity Information ServiceMember Statement ProcessingPO BOX 4535, Carol Stream, IL 60197$3,011,349
Ncr CorporationConsumer Transaction Technologies14181 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$1,676,732
Miracle Delivery ServiceArmored Car And Courier515 S KANSAS ST, El Paso, TX 79901$1,024,837
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$158,550,379
Investment Income
$3,521,175
Other Revenue
$0
Change in Net Assets
$19,040,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,567,528
Salaries, Compensation, and Employee Benefits$45,463,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$31,358,365
Interest---$17,447,300
Depreciation Depletion---$7,963,913
Office Expenses---$6,158,244
Other Employee Benefits---$4,920,566
Advertising---$4,733,704
Occupancy---$4,387,824
Current Officers, Directors, Trustees, and Key Employees---$4,151,595
Information Technology---$3,094,979
Pension Plan Contributions---$2,533,273
Payroll Taxes---$2,499,634
Other Expenses---$1,241,804
Travel---$463,146
Fees for Services Legal---$308,361
Conferences and Meetings---$95,131
Fees for Services Accounting---$67,182
Total Functional Expenses$0$0$0$143,030,961
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a state chartered community credit union. Membership is established through the opening of share accounts at the institution. Members vote at an annual meeting to elect representatives to the board of directors of the institution.

Form 990, Part VI, Section A, Line 7A

The organization is a state charterd community credit union. Membership is established through the opening of share accounts at the institution. Members vote at an annual meeting to elect representativs to the board of directors of the institution.

Form 990, Part VI, Section A, Line 7B

As discussed in 7a, members hold elections at an annual meeting to elect members to the board of directors for those board members whose terms are ending.

Form 990, Part VI, Section B, Line 11B

The ceo and cfo review form 990 prior to filing. Upon completion of their review the return is filed with the internal revenue service. The organization informs the board of directors that form 990 is available to them upon their request.

Form 990, Part VI, Section B, Line 12C

Any officer, director, advisory director or committee member of the credit union must disclose any conflict of interest prior to deliberation or determination of any loan, investment or any other matter affecting that individual and the individual can not participate, directly or indirectly, in such deliberation or determination.

Form 990, Part VI, Section B, Line 15

The institution uses hrn, an independent compensation consultant, to supply comparative market data. Other reputable sources such as cuna, d. Hilton and credit union executive society are also used. A report is prepared for board of directors review. The board will set the salary, bonus and benefits for the ceo.

Form 990, Part VI, Section C, Line 19

Gecu does not make its governing documents or conflict of interest policy available to the public. Financial statements are posted in the lobby of each branch office each month and are available to the public upon request from any officer or manager.

Filing and Contact Details

Filer

Filer Name
Gecu
EIN
74-0650998
Phone
9157789221
Address
1225 AIRWAY, EL PASO, TX 79925

Signing Officer

Name
Crystal Long
Title
President and CEO
Phone
9157789221
Signed
2017-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Crystal Long
Formed
1932
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
947
Volunteers
0

Preparer

Firm
Pate & Appleby Llp
Address
1011 MONTANA AVENUE, EL PASO, TX 79902
Preparer
Richard De Santos
Phone
9155328000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Unrealized holding gain on post retirement obligations 4,236.

Form 990, Part XII, Line 2C

No changes have been made with regards to the audit oversight or selection process during the current tax year.

Financial Statement Notes

PART IV, LINE 1B:

The credit union services mortgage loans and holds funds in escrow for taxes and insurance payments on behalf of the borrowers.

PART X, LINE 2:

The credit union is exempt, by statute from federal income tax. The credit union is a state-chartered credit union described in irc section 501(c)(14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, irc section 511 imposes a tax on the unrelated business income (as defined in section 512) derived by state-chartered credit unions. The specific application of section 512 to the various activities conducted by state-chartered credit unions has been an issue for many years. In 2007, the irs issued a series of technical advice memoranda ("tam") to a number of state-chartered credit unions located throughout the country. In these tams, the irs ruled certain products and services to be subject to taxation as unrelated business income. In light of the tams, the credit union has assessed its activities and any potential federal or state income tax liability. In the opinion of management, any liability arising from federal or state taxation of activities deemed to be unrelated to its exempt purpose is not expected to have a material effect on the credit union's financial condition or results of operations. The credit union's income tax filings are subject to audit by various taxing authorities and open audit tax periods include 2013-2016.

Raw XML AppendixShowing 400 of 838 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SANDERS WINGO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2FIDELITY INFORMATION SERVICE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3NCR CORPORATION
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IRS990/Desc0GECU IS A MEMBER-OWNED, COOPERATIVE, NON-PROFIT FINANCIAL SERVICES PROVIDER, INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, TO ENCOURAGE THRIFT AMONG MEMBERS, PROVIDE CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND CREATE OPPORTUNITIES TO IMPROVE OUR MEMBER'S ECONOMIC CONDITION. GECU OFFERS PERSONAL, AUTO, BUSINESS AND HOME LOANS TO ITS MEMEBERS. AT DECEMBER 31, 2016, TOTAL NUMBER OF OUTSTANDING LOANS WAS 208,475 WITH AN OUTSTANDING BALANCE OF $2,194,028,108.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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