Gecu

Nonprofit profile at a glance

EIN
740650998
IRS 990 coverage
2010–2021
Forms available
Form 990 2021
Location
El Paso, TX, USA
Phone
9157789221
Rating confidence
Limited

Official website

Reported finances

Revenue
$222,114,762
Expenses
$164,199,081
Assets
$3,723,377,510
Liabilities
$3,317,394,498

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • CRYSTAL D LONG (PRESIDENT/CEO)
  • JENNY TURNER (COLLECTIONS VICE PRESIDENT)

Highest reported compensation

  • CRYSTAL D LONG (PRESIDENT/CEO): $1,132,893 total reported compensation
  • HAZEL KENNEDY (SR. VP - CHIEF LENDING OFF): $874,639 total reported compensation
  • CECILIA A DAVILA (SR. VP - CHIEF OPERATIONS): $858,337 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2021

Gecu 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, 2021, total number of outstanding loans was 199,041 with an outstanding balance of $2,522,155,299. Gecu also provides various deposit account options including checking, savings, certificates of deposit, individual retirement accounts and money market accounts. At december 31, 2021, total deposit accounts were 661,159 and outstanding deposits were $3,217,253,802.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 95
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 67th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 79th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26.1%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 22.68; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 7.2% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 7% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.1M · 34 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $30.2M reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Money network: 34 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.