History
The year the credit union was founded.
What is 1935?
The two types of revenue we earn from our credit card program.
What is interchange income and interest?
What is interest on loans to members?
In an average month, the number of ACH credit entries the credit union receives (within 1000).
What is 17,700
The average number of checks written in a year by each checking member in 2004 (within 10).
What is 134
The number of paid (not volunteer) Presidents/Managers that GECU has had in its 90 history.
What is 2?
Wanda Castrey served for 32 years before turning the reins over to me in 1999. Before that, the credit union was run by volunteers, who were employees of Iowa-Illinois Gas & Electric Company.
The % of our members who have our credit card (within 5%).
What is 55%.
Our largest category of loans (auto loans, first mortgages, home equity loans, credit cards, unsecured consumer loans, recreational vehicles).
What is first mortgage loans?
Fun Fact: We have $83 million in outstanding loans. First mortgages are $37 million, or 44% of those loans, followed by auto loans at $22.4 million.
In an average month, the number of ACH debit entries the credit union receives (within 1000).
What is 39,900?
The average number of checks written in a year by each checking member in 2024 (within 10)..
What is 14?
The number of members the credit union had at the turn of the century - December 2000 (within 250)?
What is 3602.
The % of our members who have our debit card (within 5%).
What is 61%?
The % of our total income generated from interest on loans (consumer loans, mortgages, VISA, student loans) within 5%.
What is 66%?
Fun Fact: Mortgage interest is by far our highest income line item, earning over $200,000 per month in interest, followed by consumer loans at $162,000.
In an average month, the dollar amount of ACH credit and debit entries processed by the credit union (within $1 million).
What is $19.6 million
The perfect of our membership who have a checking account (within 3%).
What is 69%?
This places us in the top 15% of all credit unions in the country.
The year we took the name Gas & Electric, switching from our original name of People's Power Employees CU (within 5 years).
What is 1943?
Fun Fact: In 1941, Iowa-Illinois Gas & Electric Company was formed from 10 small companies. In response, the Credit Union changed its name to Gas & Electric Credit Union in March 1943.
The average monthly revenue derived from our credit card program in 2025 (within $3000).
What is $37,800? ($22,400 in interest, $15,400 in interchange).
Fun Fact: Although debit card transaction volume is 4x that of cards, credit cards are more profitable due to the interest earned in addition to interchange.
The average monthly income earned from overdraft and transfer fees on our members' checking accounts (within $2000).
What is $9400?
In an average month, the number of ACH returns processed by the credit union (within 25).
What is 300?
For all credit unions in the country (4500), where Callahan ranks us in overall member product usage (checking penetration, auto loan penetration, credit card penetration, 1st mortgage penetration, 3 year membership growth, and fee income per member (less is better).
What is 2nd?
The first year that we grilled hot dogs and brats for our members on International Credit Union Day.
What is 2004?
Thank you to Kelly for coming up with this great idea!
The average number of debit card transactions per month, PIN and signature, in 2025 (within 5000).
What is 96,000?
Fun Fact: The average monthly dollar volume is over $4.3 million.
The percent of our overall income we pay back to members in dividends on our various deposit accounts (within 10%).
What is $32%?
Fun Fact: Operating expenses make up 53% of our gross income, leaving a profit of 15% of our income
The average monthly dollar amount of ACH returns processed every month (within $2000).
What is $27,900?
According to Callahan & Associates Return to Member Index, where do we rank among 4500 credit unions nationwide, of all sizes, for returning to our members (within 100).
What is 66th?
Fun Fact: This places us in the top 1.5% for ALL credit unions. In our asset range, we rank 9th (out of 690), and #1 in member service usage.