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Nonprofit · EIN 31-0568628

1386 GENERAL ELECTRIC CREDIT UNION

Tax-exempt · CINCINNATI, OH 45242

Financials

$238.1M$246.6M2023$251.4M$270.9M2024
Revenue Expenses · by fiscal year end
Financials of 1386 GENERAL ELECTRIC CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$251,427,949$270,893,564-$19,465,615$4,428,702,240$4,133,103,718$295,598,522
December 31, 2023990$238,144,145$246,606,321-$8,462,176$5,102,489,836$4,795,822,906$306,666,930
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$223,735,294
Investment income
$27,692,655
Net gain from sales of assets
-$427,500
Other revenue
$0

Expenses

Grants and similar amounts paid
$230,000
Compensation of officers, directors and key employees
$3,381,586
Other salaries and wages
$29,229,313
Salaries, compensation and benefits (total)
$44,487,031
Professional fundraising fees
$0
Legal fees
$647,320
Accounting fees
$660,000
Occupancy
$7,490,706
Travel
$71,849
Depreciation
$3,630,449

Balance sheet and other

Total assets, start of year
$5,102,489,836
Total assets, end of year
$4,428,702,240
Total liabilities, end of year
$4,133,103,718
Net assets, end of year
$295,598,522
Land, buildings and equipment
$52,904,301
Gross unrelated business income
$179,653
Gross receipts
$524,603,449
Employees
619
Volunteers
9
Year formed
1954
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TIMOTHY D BALLINGERPRESIDENT/CEO
Trustee or director, Officer
40$871,288$57,936
BRANDON J WHEATLEYLOAN ORIGINATOR
Highest-paid employee
40$294,363$10,363
DANIEL J VONDERHAARCHIEF FINANCIAL OFFICER
Officer
40$238,089$42,422
NEIL D PETERSONCHIEF CREDIT OFFICER
Officer
40$243,179$31,792
SCOTT MEYERVICE PRESIDENT OF MORTGAGE ORIGINATIONS
Highest-paid employee
40$263,603$9,082
NICHOLAS MCEVOYCHIEF DELIVERY OFFICER
Officer
40$216,552$35,612
JILL LINGOCHIEF COMMUNICATION OFFICER
Officer
40$216,014$35,368
ASHLEY CUNNINGHAMCHIEF DEVELOPMENT OFFICER
Officer
40$215,844$35,251
ROBIN SARGENTCHIEF SUPPORT OFFICER
Officer
40$208,139$34,741
JOSEPH ELAMCHIEF INFORMATION OFFICER
Officer
40$200,572$41,958
JEFFREY LENZERCHIEF RISK OFFICER
Officer
40$213,620$28,836
BRIAN LUCASSENIOR VICE PRESIDENT OF COMPLIANCE
Key employee
40$189,279$31,135
LAURA J WURZELBACHERSENIOR VICE PRESIDENT OF FINANCIAL PLANNING & ANALYSIS
Highest-paid employee
40$204,599$13,410
MELISSA ZIEGELMEYERCHIEF AUDIT OFFICER
Officer
40$193,540$19,210
AMY S WHEELERSENIOR VICE PRESIDENT/CONTROLLER
Highest-paid employee
40$166,043$36,957
10 more people on this return
NameTitleHours / weekCompensationOther / benefits
Aaron WilliamsMortgage Loan Originator
Highest-paid employee
40$190,579$11,550
MELANIE DISNEY TAMASKACHIEF HUMAN RESOURCES OFFICER
Officer
40$170,745$30,878
MARY CAY VESSELLSCHAIRPERSON
Trustee or director, Officer
1$0$0
MICHAEL JOHNSON1ST VICE CHAIRPERSON
Trustee or director, Officer
1$0$0
RICHARD ILLESECRETARY/TREASURER
Trustee or director, Officer
1$0$0
CHERYL HILL2ND VICE CHAIRPERSON
Trustee or director
1$0$0
GAYLE NYSWONGERDIRECTOR
Trustee or director
1$0$0
JERRY CABEDIRECTOR
Trustee or director
1$0$0
PERRY ENGSTROMDIRECTOR
Trustee or director
1$0$0
ROBERT PEAKDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationOther / benefits
TIMOTHY D BALLINGERPRESIDENT/CEO
Trustee or director, Officer
40$870,057$57,391
BRANDON J WHEATLEYLOAN ORIGINATOR
Highest-paid employee
40$742,801$23,652
NEIL D PATTERSONCHIEF CREDIT OFFICER
Officer
40$296,522$31,672
ASHLEY CUNNINGHAMCHIEF DEVELOPMENT OFFICER
Officer
40$259,776$35,428
NICHOLAS MCEVOYCHIEF DELIVERY OFFICER
Officer
40$252,404$35,273
JILL LINGOCHIEF COMMUNICATION OFFICER
Officer
40$251,542$34,817
JEFFREY LENZERCHIEF RISK OFFICER
Officer
40$252,245$28,082
SCOTT MEYERVICE PRESIDENT OF MORTGAGE ORIGINATIONS
Highest-paid employee
40$265,935$8,060
ROBIN SARGENTCHIEF SUPPORT OFFICER
Officer
40$235,738$33,629
JOSEPH ELAMCHIEF INFORMATION OFFICER
Officer
40$214,950$38,897
MELISSA ZIEGELMEYERCHIEF AUDIT OFFICER
Officer
40$227,124$18,327
BRIAN LUCASSENIOR VICE PRESIDENT OF COMPLIANCE
Key employee
40$206,079$31,817
MELANIE DISNEY TAMASKACHIEF HUMAN RESOURCES OFFICER
Officer
40$201,119$30,599
LAURA J WURZELBACHERSENIOR VICE PRESIDENT OF FINANCIAL PLANNING & ANALYSIS
Highest-paid employee
40$207,256$14,087
AMY S WHEELERSENIOR VICE PRESIDENT/CONTROLLER
Highest-paid employee
40$174,307$36,195
SERGE N HOWARDSENIOR VICE PRESIDENT, BRANCH SERVICES
Highest-paid employee
40$167,233$30,937
DANIEL J VONDERHAARCHIEF FINANCIAL OFFICER
Officer
40$123,771$12,991
MARY CAY VESSELLSCHAIRPERSON
Trustee or director, Officer
1$0$0
MICHAEL JOHNSON1ST VICE CHAIRPERSON
Trustee or director, Officer
1$0$0
RICHARD ILLESECRETARY/TREASURER
Trustee or director, Officer
1$0$0
CHERYL HILL2ND VICE CHAIRPERSON
Trustee or director
1$0$0
GAYLE NYSWONGERDIRECTOR
Trustee or director
1$0$0
JERRY CABEDIRECTOR
Trustee or director
1$0$0
PERRY ENGSTROMDIRECTOR
Trustee or director
1$0$0
ROBERT PEAKDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
11311 CORNELL PARK DR, CINCINNATI, OH 45242-1889
In care of
% GENERAL ELECTRIC CREDIT UNIO
Principal officer (990 for 2024)
Dan Vonderhaar, 11311 Cornell Park Drive Suite 24, Cincinnati, OH 45242
Signed the 990
Dan Vonderhaar, CFO
Phone
(513) 243-4328
Return prepared by
Forvis Mazars LLP

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE 291,685 MEMBERS A VARIETY OF LOAN AND DEPOSIT SERVICES AT COMPETITIVE INTEREST RATES AND TERMS.
  • ORIGINATED LOANS IN EXCESS OF $732 MILLION IN VARIOUS LOANS CATEGORIES INCLUDING RESIDENTIAL, COMMERCIAL, CONSUMER, INDIRECT AUTO, MARINE, AND RV LOANS.
  • CONTINUED ADDITIONS TO TECHNOLOGY DESIGNED TO MAXIMIZE ACCESS TO VARIOUS ONLINE PORTALS THAT CONTAIN A VARIETY OF PRODUCTS AND SERVICES TO ITS MEMBERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-0568628
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,428,702,240
Income (IRS master file)
$524,603,449

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$251,427,949$270,893,564$4,428,702,240XML
990December 2023$238,144,145$246,606,321$5,102,489,836XML
990December 2022$167,594,908$134,004,722$4,683,051,080IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-0568628).

Questions about 1386 GENERAL ELECTRIC CREDIT UNION

What is the EIN of 1386 GENERAL ELECTRIC CREDIT UNION?
The employer identification number (EIN) of 1386 GENERAL ELECTRIC CREDIT UNION is 31-0568628.
Is 1386 GENERAL ELECTRIC CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to 1386 GENERAL ELECTRIC CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 1386 GENERAL ELECTRIC CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 1386 GENERAL ELECTRIC CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 1386 GENERAL ELECTRIC CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of 1386 GENERAL ELECTRIC CREDIT UNION?
The 990 for the year ended December 31, 2024 names Dan Vonderhaar.
Who are the officers and directors of 1386 GENERAL ELECTRIC CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 25 people; 17 received compensation from the organization, the highest $871,288 (TIMOTHY D BALLINGER, PRESIDENT/CEO).
How much revenue does 1386 GENERAL ELECTRIC CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $251,427,949, expenses of $270,893,564 and total assets of $4,428,702,240 at year end.

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