Civic Intelligence

Gecu

990 • Fiscal year 2019 • EIN 74-0650998

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 07, 2020

1225 AirwayEl Paso, TX 79925

(915) 778-9221

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.89x

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

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

4th percentile

11.53x

Higher debt load relative to revenue than 4% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Net Margin

50th percentile

17%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Top Officer Pay

60th percentile

$1,059,991

Higher top officer pay than 60% of similar nonprofits.

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

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Asset Growth

13th percentile

3.7%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

12%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,923,496,822

Up $104,114,830 (+3.7%) from 2018

Net Assets

Up

$324,530,988

Up $39,043,532 (+14%) from 2018

Liabilities

Up

$2,598,965,834

Up $65,071,298 (+2.6%) from 2018

Revenue

Up

$225,334,087

Up $23,562,182 (+12%) from 2018

Expenses

Up

$186,819,628

Up $17,919,692 (+11%) from 2018

Net Income

Up

$38,514,459

Up $5,642,490 (+17%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$2,923,496,822
Liabilities$2,598,965,834
Net Assets$324,530,988

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$225,334,087
Expenses$186,819,628
Net Income$38,514,459
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 7, 2020
Return Version
2019v5.1
Gross Receipts
$252,952,235
Mission and Program Overview

Mission

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

Cooperative provider of credit union financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,473,787,007$2,536,014,063▲ $62,227,056
Rtn Earn Endowment Incm Other Fnds$268,653,195$307,696,727▲ $39,043,532
Cash and Non-Interest-Bearing Accounts$119,237,444$150,661,165▲ $31,423,721
Investments Other Securities$75,522,523$72,852,880▼ $2,669,643
Land, Buildings, and Equipment, Net$66,301,172$72,314,562▲ $6,013,390
Cap Stk Tr Prin Current Funds$16,834,261$16,834,261→ $0
Prepaid Expenses and Deferred Charges$4,212,822$4,555,073▲ $342,251
Savings and Temporary Cash Investments$1,223,563$1,251,772▲ $28,209
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$2,819,381,992$2,923,496,822▲ $104,114,830
Other Assets Total$79,097,461$85,847,307▲ $6,749,846
Liabilities
Other Liabilities$2,278,544,227$2,451,306,723▲ $172,762,496
Mortgage Notes Payable Secured by Investment Property$232,224,947$122,866,544▼ $109,358,403
Accounts Payable and Accrued Expenses$22,675,792$23,318,244▲ $642,452
Escrow Account Liability$449,570$1,474,323▲ $1,024,753
Total Liabilities$2,533,894,536$2,598,965,834▲ $65,071,298
Net Assets / Fund Balance
Total Net Assets Fund Balance$285,487,456$324,530,988▲ $39,043,532
Total Liabilities and Net Assets / Fund Balance$2,819,381,992$2,923,496,822▲ $104,114,830

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,185,570$21,365,607$62,551,177
Equipment$12,929,495$39,790,650$52,720,145
Leasehold Improvements$11,790,188$7,290,011$19,080,199
Land$6,409,309-$6,409,309
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Crystal D LongPresident/CEOFT$681,800$378,191$1,059,991
Roy TompkinsSr. VP - Chief CommercialFT$315,479$303,171$618,650
David SolisSr. VP - Chief Financial OFT$220,438$382,143$602,581
Darlene PalmoreSr. VP - Chief ComplianceFT$257,047$164,219$421,266
Hazel KennedySr. VP - Chief Lending OffFT$244,990$168,652$413,642
Cecilia a DavilaSr. VP - Chief OperationsFT$252,701$155,268$407,969
Teresa MontoyaSr. VP - Chief Marketing OFT$243,444$137,437$380,881
Fernando OrtegaSr. VP - Chief InformationFT$249,056$89,808$338,864
Leticia RamosVP - MortgageFT$170,246$129,443$299,689
David RasconSr. VP - Chief Financial OFT$201,749$71,616$273,365
Joe UnderwoodVP - Human ResourcesFT$171,287$85,824$257,111
Raymond StallingsVP - Information TechnologyFT$146,198$52,881$199,079
Jacque ValdezVP - Branch OperationsFT$151,930$43,809$195,739
Daniel VasquezVP - Career and Talent DevFT$147,293$47,897$195,190
Sandra LujanAvp - Mortgage LendingFT$113,049$79,490$192,539
Mike SarabiaVP - Internal AuditFT$129,207$61,682$190,889
Steven WantuckVP - UnderwritingFT$145,136$36,135$181,271
Judith MonteleoneEd - Investment & Trust ServicesFT$131,558$38,928$170,486
Ricardo SotoDirector-$375-$375
Gregory J WattersDirectorPT$350-$350
John RunklesDirector-$350-$350
Grace VaughnDirector-$325-$325
Teresa QuezadaDirector-$325-$325
Jose I QuinonezDirector-$300-$300
Guadalupe GinerDirector-$275-$275

Highest Paid Contractors

ContractorServicesLocationCompensation
Dbsi IncorporatedFacilities Construction And Reconstructi6950 W MORELOS PL STE 1, Chandler, AZ 85226$9,469,684
Fidelity Information ServiceMember Statement ProcessingPO BOX 4535, Carol Stream, IL 60197$3,440,451
Sigma Technology Solutions INCIt Services607 E SONTERRA BLVD, San Antonio, TX 78258$2,515,871
Shi International CorpComputer Software, Hardware And It290 DAVIDSON AVE, Somerset, NJ 08873$1,847,061
Ncr CorporationsIt Services14181 COLLECTION CENTER DRIVE DISC, Chicago, IL 60693$1,163,521
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$219,995,699
Investment Income
$5,338,388
Other Revenue
$0
Change in Net Assets
$38,514,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$225,334,087
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$225,334,087
Total Revenue per Form 990
$225,334,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,817,245
Salaries, Compensation, and Employee Benefits$56,002,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$38,305,531
Interest---$27,217,433
Other Expenses---$10,537,972
Depreciation Depletion---$9,999,786
Office Expenses---$7,102,254
Other Employee Benefits---$5,978,543
Advertising---$5,577,158
Current Officers, Directors, Trustees, and Key Employees---$5,487,104
Occupancy---$4,990,789
Information Technology---$4,561,657
Pension Plan Contributions---$3,264,853
Payroll Taxes---$2,966,352
Insurance---$801,759
Travel---$570,274
Fees for Services Legal---$477,955
Conferences and Meetings---$173,956
Fees for Services Accounting---$65,631
Total Functional Expenses$0$0$0$186,819,628

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$186,819,628
Total Expenses per Audited Statements$186,819,628
Total Expenses per Form 990$186,819,628
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES AND SAVINGS ACCOUNTS$2,451,306,723
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 35% controlled entity
No
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 or its disregarded entity 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 and its disregarded entity 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
2020-07-07
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
1,087
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 loss on post retirement obligations -30,079.

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 audit report does not disclose any uncertain tax positions under fin 48.

Raw XML AppendixShowing 400 of 919 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/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 ITS MEMBERS' ECONOMIC CONDITION. GECU OFFERS PERSONAL, AUTO, BUSINESS AND HOME LOANS TO ITS MEMBERS. AT DECEMBER 31, 2019, TOTAL NUMBER OF OUTSTANDING LOANS WAS 218,796 WITH AN OUTSTANDING BALANCE OF $2,536,014,063. GECU ALSO PROVIDES VARIOUS DEPOSIT ACCOUNT OPTIONS INCLUDING CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, INDIVIDUAL RETIREMENT ACCOUNTS AND MONEY MARKET ACCOUNTS. AT DECEMBER 31, 2019, TOTAL DEPOSIT ACCOUNTS WERE 618,108 AND OUTSTANDING DEPOSITS WERE $2,451,306,723.
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