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Overview / Commentary
1225 Airway Blvd
El Paso, TX 79925

GECU is a Texas-based credit union that offers personal and business banking products and services, along with access to various individual investment products. The credit union’s acronym, GECU, stands for Government Employees Credit Union, which embodies the original purpose of the financial institution. Since its inception, GECU has broadly expanded its membership eligibility to include consumers who live in close proximity to a branch.

GECU’s personal banking products include checking, savings, Money Market, CD, and IRA CD accounts. Its checking account options have no monthly service or activity fees and require a relatively low average daily balance minimum in order to earn interest. A basic savings account is offered and includes a free GECU ATM card, free ATM access, and no monthly service fee. Several other savings accounts designed for youth of different ages and seniors are available, as well, and pay dividends. Several CD options are available to meet consumers’ savings goals at different stages of life. One CD account is designed for seniors and adds basis points on top of the interest rate for any CD. There is also a CD with a small minimum balance requirement that makes it easy to get a ladder started with limited funds. Similar accounts are available on the business banking side, and a business resource center is offered to provide information on relevant small business needs.

GECU online banking offers customers access to their accounts via the credit union’s web-based platform. Account management activities can be performed, including Bill Pay, money transfers, direct deposit, and financial management software integration. Mobile banking services are also available and provide access to the mobile-optimized website as well as mobile banking apps that make banking via smartphone and tablet devices simple and convenient. GECU’s website also provides a number of financial calculators and worksheets to help with budgeting and mortgage processes.

GECU was originally organized and chartered in 1932 when a group of civil servants pooled their money together to provide banking services to members of the El Paso community. Since then, the credit union has grown to serve hundreds of thousands of members and is currently headquartered in El Paso, Texas. It serves its members through multiple branches located in the El Paso area.

Field of Membership Restrictions

Must live or work in El Paso or Doña Ana County. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 GECU had $21.09 million in non-current loans and owned real-estate with $195.17 million in equity and loan loss allowances on hand to cover it. This gives GECU a Texas Ratio of 10.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for GECU decreased dramatically from 18.08% as of March 31, 2013 to 10.80% as of March 31, 2014, resulting in a positive change of 40.22%.This indicates that the balance sheet and financial strength for GECU has improved dramatically in recent periods.

Deposit Growth


In the past year, GECU has increased its total deposits by $42.79 million, resulting in 2.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth GECU has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. GECU has $2.08 billion in assets with $195.17 million in equity, resulting in a capitalization level of 9.37%, which is average.

Institution Statistics

NCUA #60058
Year Chartered1932
Primary Regulator
Assets and Liabilities
Assets$2.08 billion
Loans$1.52 billion
Deposits$1.88 billion
Equity Capital$182.24 million
Loan Loss Allowance$12.94 million
Unbacked Noncurrent Loans$13.46 million
Real Estate Owned$7.63 million
Historic Data - March 2013
Assets$2.03 billion
Equity Capital$164.59 million
Loan Loss Allowance$16.03 million
Unbacked Noncurrent Loans$13.46 million
Real Estate Owned$11.17 million
Profit Margin - Quarterly
Return on Assets0.75%
Return on Equity8.63%
Interest Income$21.36 million

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GECU Savings Account Rates

0.30%$20-IRA Savings
0.30%$20-Roth IRA Savings
0.30%$20-CESA Savings
0.20%$20-Youth Savings
0.20%$100-Business Savings
0.20%--Christmas Club

GECU Money Market Rates

0.75%$100k-Money Market

GECU Checking Account Rates

0.10%$2,500-Standard Checking
0.10%$2,500-Senior Privilege Checking
0.10%$5k-Interest Plus Checking


1.75%$1k-60 Month Senior Privilege CD
1.60%$1k-60 Month CD
1.60%$1k-60 Month Business CD
1.40%$1k-30 Month Senior Privilege CD
1.39%$1k-36 Month Senior Privilege CD
1.39%$1k-48 Month Senior Privilege CD
1.25%$1k-30 Month CD
1.25%$1k-30 Month Business CD
1.24%$1k-36 Month CD
1.24%$1k-48 Month CD
1.24%$1k-36 Month Business CD
1.24%$1k-48 Month Business CD
1.09%$50k-24 Month Jumbo SmartStep Senior Privilege CD - Monthly APY
0.99%$1k-18 Month Senior Privilege CD
0.98%$1k-24 Month Senior Privilege CD
0.98%$2,500-24 Month SmartStep Senior Privilege CD - Monthly APY
0.93%$50k-24 Month Jumbo SmartStep CD - Monthly APY
0.93%$50k-24 Month Jumbo SmartStep Business CD - Monthly APY
0.84%$1k-18 Month CD
0.84%$1k-18 Month Business CD
0.83%$1k-24 Month CD
0.83%$1k-24 Month Business CD
0.83%$2,500-24 Month SmartStep Business CD - Monthly APY
0.83%$2,500-24 Month SmartStep CD - Monthly APY - Monthly APY
0.75%$50k-12 Month Senior Privilege Fixed Jumbo CD
0.65%$50-12 Month Senior Privilege Fixed CD
0.60%$50k-12 Month Fixed Jumbo CD
0.60%$50k-12 Month Fixed-Rate Jumbo Business CD
0.55%$2,500-6 Month Senior Privilege CD
0.50%$50-12 Month Fixed CD
0.50%$50-12 Month Fixed-Rate Business CD
0.45%$2,500-3 Month Senior Privilege CD
0.40%$2,500-6 Month CD
0.40%$2,500-6 Month Business CD
0.30%$2,500-3 Month CD
0.30%$2,500-3 Month Business CD


1.85%$1k-60 Month Senior Privilege IRA
1.70%$1k-60 Month IRA
1.50%$1k-30 Month Senior Privilege IRA
1.49%$1k-36 Month Senior Privilege IRA
1.49%$1k-48 Month Senior Privilege IRA
1.35%$1k-30 Month IRA
1.34%$1k-36 Month IRA
1.34%$1k-48 Month IRA
1.19%$50k-24 Month Jumbo SmartStep Senior Privilege IRA - Monthly APY
1.09%$1k-18 Month Senior Privilege IRA
1.09%$2,500-24 Month SmartStep Senior Privilege IRA - Monthly APY
1.08%$1k-24 Month Senior Privilege IRA
1.04%$50k-24 Month Jumbo SmartStep IRA - Monthly APY
0.94%$1k-18 Month IRA
0.93%$1k-24 Month IRA
0.93%$2,500-24 Month SmartStep IRA - Monthly APY
0.85%$50k-12 Month Jumbo Senior Privilege Fixed IRA
0.75%$50-12 Month Senior Privilege Fixed IRA
0.70%$50k-12 Month Fixed Jumbo IRA
0.65%$2,500-6 Month Senior Privilege IRA
0.60%$50-12 Month Fixed IRA
0.55%$2,500-3 Month Senior Privilege IRA
0.50%$2,500-6 Month IRA
0.40%$2,500-3 Month IRA

GECU has 16 locations. Click to view all GECU locations.