GECU


Overview / Commentary
915-778-9221
1245 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

Membership in GECU is open to anyone through the American Consumer Council. GECU will enroll you at no additional cost.
See current membership details

Reviews (1)

Membership Denied

Posted by: |

Prior to applying for membership I contacted GECU to see what they need because I have my credit reports and Chex report frozen. The response was Equifax and Chex Systems. Applied Chex systems was pulled but Equifax was not pulled. I was denied could not verify my identity. They also asked what previous employer was. No one has ever asked that. The reason for application they have good certificate rates. Customer service was average. I have used the same ID with other banks and credit unions with out a problem. I am going elsewhere



Health

Health Grade Components

Overall
NCUA #24941
Year Chartered1932
Employees907
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD9.29%
Annual Interest Income$253.5MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$4.34B$4.42B
LoansQ4 2024vs Q4 2023$3.39B$3.28B
DepositsQ4 2024vs Q4 2023$3.29B$3.29B
Equity CapitalQ4 2024vs Q4 2023$533.6MM$484MM
Loan Loss AllowanceQ4 2024vs Q4 2023$52.5MM$49.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$38.1MM$26.2MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not GECU; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GECU Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$10-Christmas Club
0.15%$100-Savings
0.15%$10-Youth Savings
0.15%$100-Business Savings

GECU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$500k*-Money Market
OTHER TIERS: 1.00% $2.5k - $100k | 1.20% $100k - $250k | 1.35% $250k - $500k

GECU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2.5k-Personal Checking
0.10%$2.5k-Senior Privilege Checking
0.10%$2.5k-Free2Be checking account
0.10%$5k-Business Dividend Checking Account

GECU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.73%$2.5k-3 Month Senior Privilege CD
4.60%$2.5k-6 Month Senior Privilege CD
4.58%$2.5k-3 Month CD
4.58%$2.5k-Business 3 Month CD
4.54%$50k-12 Month Senior Privilege Jumbo CD - Monthly Maturity
4.45%$2.5k-6 Month CD
4.45%$2.5k-Business 6 Month CD
4.45%$50k-12 Month Senior Privilege Jumbo CD - Annual Maturity
4.44%$50-12 Month Senior Privilege CD - Monthly Maturity
4.39%$50k-12 Month Jumbo CD - Monthly Maturity
4.39%$50k-Business 12 Month Jumbo CD - Monthly Maturity
4.35%$50-12 Month Senior Privilege CD - Annual Maturity
4.33%$50k-12 Month Jumbo Bump-Up CD - Variable
4.30%$50k-12 Month Jumbo CD - Annual Maturity
4.30%$50k-Business 12 Month Jumbo CD - Annual Maturity
4.28%$50-12 Month CD - Monthly Maturity
4.28%$50-Business 12 Month CD - Monthly Maturity
4.28%$500-12 Month Credit Builder CD - Monthly Maturity
4.20%$50-12 Month CD - Annual Maturity
4.20%$50-Business 12 Month CD
4.20%$500-12 Month Credit Builder CD - Annual Maturity
4.13%$1k-18 Month Senior Privilege CD - Monthly Maturity
4.13%$50k-24 Month Jumbo SmartStep Senior Privilege CD - Variable
4.13%$1k-24 Month Senior Privilege CD - Monthly Maturity
4.05%$1k-18 Month Senior Privilege CD - Annual Maturity
4.05%$1k-24 Month Senior Privilege CD - Annual Maturity
4.02%$2.5k-24 Month SmartStep Senior Privilege CD - Variable
3.97%$50k-24 Month Jumbo SmartStep CD - Variable
3.97%$50k-Business 24 Month Jumbo SmartStep CD - Variable
3.97%$50k-18 Month Jumbo Bump-Up CD - Variable
3.97%$1k-Business 18 Month CD - Monthly Maturity
3.97%$1k-18 Month CD - Monthly Maturity
3.97%$1k-Business 24 Month CD - Monthly Maturity
3.97%$1k-24 Month CD - Monthly Maturity
3.90%$1k-18 Month CD - Annual Maturity
3.90%$1k-24 Month CD - Annual Maturity
3.90%$1k-Business 18 Month CD - Annual Maturity
3.90%$1k-Business 24 Month CD - Annual Maturity
3.87%$2.5k-24 Month SmartStep CD - Variable
3.87%$2.5k-Business 24 Month SmartStep CD - Variable
3.87%$5k-18 Month Bump-Up CD - Variable
3.86%$1k-60 Month Senior Privilege CD - Monthly Maturity
3.82%$1k-30 Month Senior Privilege CD - Monthly Maturity
3.82%$1k-36 Month Senior Privilege CD - Monthly Maturity
3.82%$1k-48 Month Senior Privilege CD - Monthly Maturity
3.80%$1k-60 Month Senior Privilege CD - Annual Maturity
3.75%$1k-30 Month Senior Privilege CD
3.75%$1k-36 Month Senior Privilege CD - Annual Maturity
3.75%$1k-48 Month Senior Privilege CD - Annual Maturity
3.71%$50k-60 Month Jumbo Bump-Up CD - Variable
3.71%$1k-Business 60 Month CD - Monthly Maturity
3.71%$1k-60 Month CD - Monthly Maturity
3.66%$1k-Business 30 Month CD-Monthly APY
3.66%$1k-30 Month CD - Monthly Maturity
3.66%$1k-Business 36 Month CD - Monthly Maturity
3.66%$1k-36 Month CD - Monthly Maturity
3.66%$1k-Business 48 Month CD - Monthly Maturity
3.66%$1k-48 Month CD - Monthly Maturity
3.65%$1k-60 Month CD - Annual Maturity
3.65%$1k-Business 60 Month CD - Annual Maturity
3.61%$2.5k-60 Month Bump Up CD - Variable
3.60%$1k-30 Month CD - Annual Maturity
3.60%$1k-36 Month CD - Annual Maturity
3.60%$1k-48 Month CD - Annual Maturity
3.60%$1k-Business 30 Month CD - Annual Maturity
3.60%$1k-Business 36 Month CD - Annual Maturity
3.60%$1k-Business 48 Month CD - Annual Maturity

GECU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.84%$2.5k-3 Month Senior Privilege IRA
4.70%$2.5k-6 Month Senior Privilege IRA
4.68%$2.5k-3 Month IRA
4.65%$50k-12 Month Jumbo Senior Privilege IRA - Monthly Maturity
4.55%$2.5k-6 Month IRA
4.55%$50k-12 Month Jumbo Senior Privilege IRA - Annual Maturity
4.54%$50-12 Month Senior Privilege IRA-Monthly Maturity
4.49%$50k-12 Month Jumbo IRA-Monthly Maturity
4.45%$50-12 Month Senior Privilege IRA - Monthly Maturity
4.40%$50k-12 Month Jumbo IRA - Annual Maturity
4.39%$50-12 Month IRA-Monthly Maturity
4.30%$50-12 Month IRA - Annual Maturity
4.23%$50k-24 Month Jumbo SmartStep Senior Privilege IRA - Variable
4.23%$1k-18 Month Senior Privilege IRA - Monthly Maturity
4.23%$1k-24 Month Senior Privilege IRA - Monthly Maturity
4.15%$1k-18 Month Senior Privilege IRA - Annual Maturity
4.15%$1k-24 Month Senior Privilege IRA - Annual Maturity
4.13%$2.5k-24 Month SmartStep Senior Privilege IRA - Variable
4.07%$1k-18 Month IRA - Monthly Maturity
4.07%$1k-24 Month IRA - Monthly Maturity
4.07%$50k-24 Month Jumbo SmartStep IRA - Variable
4.07%$50k-18 Month Jumbo Bump Up IRA - Variable
4.00%$1k-18 Month IRA - Annual Maturity
4.00%$1k-24 Month IRA - Annual Maturity
3.97%$2.5k-24 Month SmartStep IRA - Variable
3.97%$1k-60 Month Senior Privilege IRA - Monthly Maturity
3.97%$5k-18 Month Bump Up IRA - Variable
3.92%$1k-30 Month Senior Privilege IRA-Monthly Maturity
3.92%$1k-36 Month Senior Privilege IRA - Monthly Maturity
3.92%$1k-48 Month Senior Privilege IRA - Monthly Maturity
3.90%$1k-60 Month Senior Privilege IRA - Annual Maturity
3.85%$1k-30 Month Senior Privilege IRA - Annual Maturity
3.85%$1k-36 Month Senior Privilege IRA - Annual Maturity
3.85%$1k-48 Month Senior Privilege IRA - Annual Maturity
3.81%$1k-60 Month IRA - Monthly Maturity
3.81%$50k-60 Month Jumbo Bump Up IRA - Variable
3.76%$1k-36 Month IRA - Monthly Maturity
3.76%$1k-48 Month IRA - Monthly Maturity
3.76%$1k-30 Month IRA-Monthly APY
3.75%$1k-60 Month IRA - Annual Maturity
3.71%$2.5k-60 Month Bump Up IRA - Variable
3.70%$1k-30 Month IRA - Annual Maturity
3.70%$1k-36 Month IRA - Annual Maturity
3.70%$1k-48 Month IRA -Annual Maturity
0.25%$10-IRA Savings
Locations

Availability

El Paso Area

Interactive local rates map


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