General Electric Credit Union
OFFER A VARIETY OF QUALITY PRODUCTS AND FINANCIAL SERVICES DESIGNED TO BENEFIT ALL MEMBERS UNDER A STRONG FINANCIAL STRUCTURE THAT ENSURES THE CONTINUED VIABILITY OF THE CREDIT UNION.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4B
-13.2% YoY
Annual Giving
$216K
-8.2% YoY
Grant Count
16
+45.5% YoY
Avg Grant Size
$14K
-36.9% YoY
About General Electric Credit Union
Based on IRS filings
General Electric Credit Union is a nonprofit organization, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4B in total assets. In 2024, it awarded 16 grants totaling $216K. Net investment income was $27.7M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,428,702,240 | $5,102,489,836 | $4,683,051,080 |
| Revenue | $251,427,949 | $238,144,145 | $167,594,908 |
| Expenses | $270,893,564 | $246,606,321 | $134,004,722 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $27,692,655 | $20,013,319 | $6,771,391 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cincinnati Zoo & Botanical Garden ($95,000), Xavier University ($25,000), Greater Cincinnati Automobile Dealers Association ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bon Secours Mercy Health Foundation aka Mercy Health Foundation CINCINATTI, OH | GENERAL SUPPORT | $7,500 |
| Building Blocks for Kids MASON, OH | GENERAL SUPPORT | $5,000 |
| Cincinnati Zoo & Botanical Garden CINCINATTI, OH | GENERAL SUPPORT | $95,000 |
| Easter Seals Tristate CINCINATTI, OH | GENERAL SUPPORT | $5,000 |
| Germania Society CINCINATTI, OH | GENERAL SUPPORT | $5,000 |
| Greater Cincinnati Automobile Dealers Association CINCINATTI, OH | GENERAL SUPPORT | $10,000 |
| Habitat for Humanity of Greater Cincinnati Cincinnati, OH | GENERAL SUPPORT | $5,000 |
| Home Builders Association of Greater Cincinnati Cincinnati, OH | GENERAL SUPPORT | $7,500 |
| Lakota Sports Organization West Chester, OH | GENERAL SUPPORT | $5,000 |
| New Life Furniture Bank Cincinnati, OH | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY CAY VESSELLS | CHAIRPERSON | 1 | — |
| MICHAEL JOHNSON | 1ST VICE CHAIRPERSON | 1 | — |
| RICHARD ILLE | SECRETARY/TREASURER | 1 | — |
| TIMOTHY D BALLINGER | PRESIDENT/CEO | 40 | $871,288 |
| CHERYL HILL | 2ND VICE CHAIRPERSON | 1 | — |
| GAYLE NYSWONGER | DIRECTOR | 1 | — |
| JERRY CABE | DIRECTOR | 1 | — |
| PERRY ENGSTROM | DIRECTOR | 1 | — |
| ROBERT PEAK | DIRECTOR | 1 | — |
| ASHLEY CUNNINGHAM | CHIEF DEVELOPMENT OFFICER | 40 | $215,844 |
| DANIEL J VONDERHAAR | CHIEF FINANCIAL OFFICER | 40 | $238,089 |
| JEFFREY LENZER | CHIEF RISK OFFICER | 40 | $213,620 |
| JILL LINGO | CHIEF COMMUNICATION OFFICER | 40 | $216,014 |
| JOSEPH ELAM | CHIEF INFORMATION OFFICER | 40 | $200,572 |
| MELANIE DISNEY TAMASKA | CHIEF HUMAN RESOURCES OFFICER | 40 | $170,745 |
| MELISSA ZIEGELMEYER | CHIEF AUDIT OFFICER | 40 | $193,540 |
| NEIL D PETERSON | CHIEF CREDIT OFFICER | 40 | $243,179 |
| NICHOLAS MCEVOY | CHIEF DELIVERY OFFICER | 40 | $216,552 |
| ROBIN SARGENT | CHIEF SUPPORT OFFICER | 40 | $208,139 |
| BRIAN LUCAS | SENIOR VICE PRESIDENT OF COMPLIANCE | 40 | $189,279 |
| Aaron Williams | Mortgage Loan Originator | 40 | $190,579 |
| AMY S WHEELER | SENIOR VICE PRESIDENT/CONTROLLER | 40 | $166,043 |
| BRANDON J WHEATLEY | LOAN ORIGINATOR | 40 | $294,363 |
| LAURA J WURZELBACHER | SENIOR VICE PRESIDENT OF FINANCIAL PLANNING & ANALYSIS | 40 | $204,599 |
| SCOTT MEYER | VICE PRESIDENT OF MORTGAGE ORIGINATIONS | 40 | $263,603 |
Frequently Asked Questions
How large is General Electric Credit Union?
As of 2024, General Electric Credit Union holds $4.4B in total assets with $251.4M in annual revenue. It awarded 16 grants totaling $216K in 2024.
Where does General Electric Credit Union operate?
General Electric Credit Union has awarded grants in Kentucky, Ohio.
What size grants does General Electric Credit Union award?
In 2024, General Electric Credit Union awarded 16 grants totaling $216K — an average of about $14K per grant, based on its IRS Form 990 filings.
What is General Electric Credit Union's EIN?
General Electric Credit Union's EIN (Employer Identification Number) is 31-0568628. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in General Electric Credit Union's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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