General Electric Credit Union (EIN 310568628) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Phone

5132434328

Tax Period

2024-01-01 to 2024-12-31

General Electric Credit Union, founded in 1954, is a major nonprofit that reported $251.4M in total revenue in fiscal year 2024.

Mission

PROVIDE FINANCIAL SERVICES TO CREDIT UNION MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $223,735,294

Investment Income $27,692,655

Other Revenue $0

TOTAL REVENUE $251,427,949

Expense Breakdown

Grants Paid $230,000

Salaries & Benefits $44,487,031

Fundraising Expenses $0

Program Expenses $0

Other Expenses $226,176,533

TOTAL EXPENSES $270,893,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,427,949	$238,144,145	+0.1%
Expenses	$270,893,564	$246,606,321	+0.1%
Net Income	$-19,465,615	$-8,462,176	+1.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

619

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,381,586

Total Directors

$929,224

Key Employees

$220,414

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CAY VESSELLS	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
MICHAEL JOHNSON	1ST VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
RICHARD ILLE	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
TIMOTHY D BALLINGER	PRESIDENT/CEO	40.0	Officer Director	$871,288	$57,936	$929,224
CHERYL HILL	2ND VICE CHAIRPERSON	1.0	Director	$0	$0	$0
GAYLE NYSWONGER	DIRECTOR	1.0	Director	$0	$0	$0
JERRY CABE	DIRECTOR	1.0	Director	$0	$0	$0
PERRY ENGSTROM	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT PEAK	DIRECTOR	1.0	Director	$0	$0	$0
ASHLEY CUNNINGHAM	CHIEF DEVELOPMENT OFFICER	40.0	Officer	$215,844	$35,251	$251,095
DANIEL J VONDERHAAR	CHIEF FINANCIAL OFFICER	40.0	Officer	$238,089	$42,422	$280,511
JEFFREY LENZER	CHIEF RISK OFFICER	40.0	Officer	$213,620	$28,836	$242,456
JILL LINGO	CHIEF COMMUNICATION OFFICER	40.0	Officer	$216,014	$35,368	$251,382
JOSEPH ELAM	CHIEF INFORMATION OFFICER	40.0	Officer	$200,572	$41,958	$242,530
MELANIE DISNEY TAMASKA	CHIEF HUMAN RESOURCES OFFICER	40.0	Officer	$170,745	$30,878	$201,623
MELISSA ZIEGELMEYER	CHIEF AUDIT OFFICER	40.0	Officer	$193,540	$19,210	$212,750
NEIL D PETERSON	CHIEF CREDIT OFFICER	40.0	Officer	$243,179	$31,792	$274,971
NICHOLAS MCEVOY	CHIEF DELIVERY OFFICER	40.0	Officer	$216,552	$35,612	$252,164
ROBIN SARGENT	CHIEF SUPPORT OFFICER	40.0	Officer	$208,139	$34,741	$242,880
BRIAN LUCAS	SENIOR VICE PRESIDENT OF COMPLIANCE	40.0	Key Emp	$189,279	$31,135	$220,414
Aaron Williams	Mortgage Loan Originator	40.0	Highest	$190,579	$11,550	$202,129
AMY S WHEELER	SENIOR VICE PRESIDENT/CONTROLLER	40.0	Highest	$166,043	$36,957	$203,000
BRANDON J WHEATLEY	LOAN ORIGINATOR	40.0	Highest	$294,363	$10,363	$304,726
LAURA J WURZELBACHER	SENIOR VICE PRESIDENT OF FINANCIAL PLANNING & ANALYSIS	40.0	Highest	$204,599	$13,410	$218,009
SCOTT MEYER	VICE PRESIDENT OF MORTGAGE ORIGINATIONS	40.0	Highest	$263,603	$9,082	$272,685

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$251,427,949	$270,893,564	$4,428,702,240	$-19,465,615
2023	$238,144,145	$246,606,321	$5,102,489,836	$-8,462,176
2022	$167,594,908	$134,004,722	$4,683,051,080	$33,590,186
2021	$159,064,150	$119,288,060	$3,900,460,857	$39,776,090
2020	$143,747,706	$131,444,654	$3,929,368,292	$12,303,052
2019	$133,308,285	$120,970,081	$3,361,431,298	$12,338,204
2018	$112,722,712	$98,877,223	$3,042,586,327	$13,845,489

General Electric Credit Union