General Electric Credit Union
General Electric Credit Union is a public charity based in Cincinnati, Ohio, formed in 1954. Its 2024 filing describes services for its members and reports 16 grants totaling $216,000 to recipients in Ohio.
General Electric Credit Union at a glance
In short: General Electric Credit Union gave $216K across 16 grants in 2024 (avg $14K), mostly in Ohio. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $216,000
- -8.2% vs 2023
- Grants made (2024)
- 16
- +45.5% vs 2023
- Average grant
- $13,500
- -36.9% vs 2023
- Median grant
- $6,750
- Total assets
- $4,428,702,240
- -13.2% vs 2023
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to General Electric Credit Union
- Contact
Mailing address: 11311 Cornell Park Drive 124, Cincinnati, OH 45242
Phone: (513) 243-4328
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who General Electric Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Cincinnati Zoo & Botanical Garden ($95K). Together the top 10 received $186K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 40 grants of 42 (95%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Ohio.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
Cities
How General Electric Credit Union gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $30K (2020) to $235K (2023). In 2024 it made 16 grants totaling $216K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cincinnati Zoo & Botanical Garden Cincinatti, OH | General Support | $95,000 |
| Xavier University Cincinatti, OH | General Support | $25,000 |
| Greater Cincinnati Automobile Dealers Association Cincinatti, OH | General Support | $10,000 |
| New Life Furniture Bank Cincinnati, OH | General Support | $10,000 |
| Pathways to Home Cincinnati, OH | General Support | $10,000 |
| Save the Animals Foundation Cincinnati, OH | General Support | $10,000 |
| Bon Secours Mercy Health Foundation aka Mercy Health Foundation Cincinatti, OH | General Support | $7,500 |
| Home Builders Association of Greater Cincinnati Cincinnati, OH | General Support | $7,500 |
| Pink Ribbon Good Inc Englewood, OH | General Support | $6,000 |
| Building Blocks for Kids Mason, OH | General Support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $4,428,702,240 | $251,427,949 | $270,893,564 | $216,000 | 16 | $27,692,655 |
| 2023 | $5,102,489,836 | $238,144,145 | $246,606,321 | $235,300 | 11 | $20,013,319 |
| 2022 | $4,683,051,080 | $167,594,908 | $134,004,722 | $84,000 | 7 | $6,771,391 |
| 2021 | $3,900,460,857 | $159,064,150 | $119,288,060 | $85,000 | 7 | $23,159,858 |
| 2020 | $3,929,368,292 | $143,747,706 | $131,444,654 | $30,000 | 1 | $7,634,782 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to offer quality products and financial services for the benefit of its members while maintaining a strong financial structure.
Its 2024 grants went to organizations with varied missions. For example, Xavier University describes its mission as educating students intellectually, morally, and spiritually. Pathways to Home says it supports healthy families and community connection through home visiting, food pantry, and community navigation services. New Life Furniture Bank says it provides gently used furniture to people in need, while Save the Animals Foundation says it provides shelter, medical care, and adoption services for animals.
Grantmaking
In 2024, the credit union reported 16 grants totaling $216,000. Grants ranged from $5,000 to $95,000, with a median of $6,750. The largest reported grants included $95,000 to Cincinnati Zoo & Botanical Garden and $25,000 to Xavier University. Other grants included $10,000 each to Greater Cincinnati Automobile Dealers Association, New Life Furniture Bank, Pathways to Home, and Save the Animals Foundation; and $7,500 to Bon Secours Mercy Health Foundation.
The filing also describes scholarships for credit union members graduating from high school and continuing their education. Applicants complete applications; a committee selects recipients based on stated criteria, and recipient documentation is maintained. This describes scholarships for the organization’s members, rather than a grant program for outside applicants.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing are Mary Cay Vessells, chairperson; Michael Johnson, 1st vice chairperson; Richard Ille, secretary/treasurer; Timothy D. Ballinger, president/CEO; Cheryl Hill, 2nd vice chairperson; Gayle Nyswonger, Jerry Cabe, Perry Engstrom, and Robert Peak, directors; and Ashley Cunningham, chief development officer.
General Electric Credit Union is led by Timothy D. Ballinger, President & CEO on every filing since 2020; 17 of 25 officers listed in 2024 are compensated.
Officers on the 2024 filing
Timothy D. Ballinger
President & CEO
On filings since 2020
40 hrs/week
$1.1M (2020) → $871K (2024)
Mary Cay Vessells
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Gayle Nyswonger
Director
On filings since 2020
1 hr/week
No compensation reported
Jerry Cabe
Director
On filings since 2020
1 hr/week
No compensation reported
Perry Engstrom
Director
On filings since 2020
1 hr/week
No compensation reported
Robert Peak
Director
On filings since 2020
1 hr/week
No compensation reported
Ashley Cunningham
Chief Development Officer
Bus. Dvlpmnt & Member Service → Chief Development Officer, 2023
On filings since 2020
40 hrs/week
$233K (2020) → $216K (2024)
Brian Lucas
Senior Vice President of Compliance
Compliance → Senior Vice President of Compliance, 2023
On filings since 2020
40 hrs/week
$232K (2020) → $189K (2024)
Jeffrey Lenzer
Chief Risk Officer
It Security Risk Management → Chief Risk Officer, 2023
On filings since 2020
40 hrs/week
$204K (2020) → $214K (2024)
Jill Lingo
Chief Communication Officer
Marketing Director → Chief Communication Officer, 2023
On filings since 2020
40 hrs/week
$247K (2020) → $216K (2024)
Melissa Ziegelmeyer
Chief Audit Officer
Director of Internal Audit → Chief Audit Officer, 2023
On filings since 2020
40 hrs/week
$213K (2020) → $194K (2024)
Neil D. Peterson
Chief Credit Officer
Director of Lending Services → Chief Credit Officer, 2024
On filings since 2020
40 hrs/week
$288K (2020) → $243K (2024)
Nicholas McEvoy
Chief Delivery Officer
On filings since 2020
40 hrs/week
$198K (2020) → $217K (2024)
Robin Sargent
Chief Support Officer
On filings since 2020
40 hrs/week
$173K (2020) → $208K (2024)
Amy S. Wheeler
Senior Vice President & Controller
On filings since 2022
40 hrs/week
$161K (2022) → $166K (2024)
Melanie Disney Tamaska
Chief Human Resources Officer
On filings since 2022
40 hrs/week
$181K (2022) → $171K (2024)
Brandon J. Wheatley
Loan Originator
On filings since 2023
40 hrs/week
$743K (2023) → $294K (2024)
Daniel J. Vonderhaar
Chief Financial Officer
On filings since 2023
40 hrs/week
$124K (2023) → $238K (2024)
Joseph Elam
Chief Information Officer
On filings since 2023
40 hrs/week
$215K (2023) → $201K (2024)
Laura J. Wurzelbacher
Senior Vice President of Financial Planning & Analysis
On filings since 2023
40 hrs/week
$207K (2023) → $205K (2024)
Scott Meyer
Vice President of Mortgage Originations
On filings since 2023
40 hrs/week
$266K (2023) → $264K (2024)
Aaron Williams
Mortgage Loan Originator
New on the 2024 filing
40 hrs/week
$191K (2024)
Cheryl Hill
2nd Vice Chairperson
On filings since 2020
1 hr/week
No compensation reported
Michael Johnson
1st Vice Chairperson
On filings since 2020
1 hr/week
No compensation reported
Richard Ille
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (11)
- Former: Neil D. Patterson (2023) — Chief Credit Officer
- Former: Serge N. Howard (2023) — Senior Vice President & Branch Services
- Former: Kevin Motley (2020–2022) — CFO
- Former: Andy M Dunn (2022) — Senior Vice President Mortgage Services
- Former: Amy Potter (2020–2021) — Senior Vice President & Controller
- Former: Craig S Burton (2021) — Chief Information Officer
- Former: Paula Pfaehler (2021) — Vice President of Commercial & Small Busin
- Former: Jason Leyda (2020) — Vice President of Treasury Management
- Former: Kevin Riede (2020) — Director of It
- Former: Matthew Dole (2020) — Human Resources Director
- Former: Sharon Short (2020) — Collection Manager
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $871K, to Timothy D Ballinger (President/CEO). 17 officers or directors reported compensation on that filing.
Frequently asked questions about General Electric Credit Union
How much does General Electric Credit Union give each year?
General Electric Credit Union gave $216K across 16 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $235K across 11 grants.
What is General Electric Credit Union's typical grant size?
General Electric Credit Union's median grant in 2024 was $6,750, and its average grant was $13,500, across 16 grants on its 2024 IRS Form 990.
Where does General Electric Credit Union give grants?
General Electric Credit Union gives mostly in Ohio: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Cincinatti, OH (6 grants) and Cincinnati, OH (6 grants).
Does General Electric Credit Union give general operating support?
Yes: 100% of General Electric Credit Union's 2024 grants with a stated purpose (16 of 16) were for general or operating support, per its 2024 IRS Form 990.
Who are General Electric Credit Union's largest grantees?
General Electric Credit Union's largest 2024 grantees include Cincinnati Zoo & Botanical Garden ($95,000), Xavier University ($25,000) and Greater Cincinnati Automobile Dealers Association ($10,000), according to its 2024 IRS Form 990. Together they received 60% of its itemized 2024 grant dollars.
How large is General Electric Credit Union?
General Electric Credit Union reported $4.4B in total assets on its 2024 IRS Form 990. Its revenue that year was $251.4M.
What does General Electric Credit Union fund?
The organization’s stated mission is to offer quality products and financial services for the benefit of its members while maintaining a strong financial structure. See mission & focus areas ↑
How do I apply for a grant from General Electric Credit Union?
General Electric Credit Union has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Ohio
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Cite this profile
Grantable. (2026). General Electric Credit Union funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/general-electric-credit-union-morg_f56f6410ab3842aabaf8bd1d78955cc9
BibTeX
@misc{grantable_310568628_2026,
author = {{Grantable}},
title = {{General Electric Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/general-electric-credit-union-morg_f56f6410ab3842aabaf8bd1d78955cc9},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from General Electric Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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