1386 General Electric Credit Union
501(c)(14)
Strong reserves Growing revenue
1386 General Electric Credit Union is a 501(c)(14) organization based in Cincinnati, Ohio, registered in 1969, with $251,427,949 in FY2024 revenue.
11311 Cornell Park Dr, Cincinnati, OH, 45242 EIN 31-0568628 Since 1969
Revenue (FY2024)
$251.4M
▲ 5.6% vs prior year
Expenses (FY2024)
$270.9M
Net assets
$295.6M
Employees
619
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 1386 General Electric Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating13 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 1386 General Electric Credit Union: 13 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For 1386 General Electric Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 1386 General Electric Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provide financial services to credit union members.
What they do
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.
Contact & location
- Address
- 11311 Cornell Park Dr, Cincinnati, OH, 45242
- City
- Cincinnati
- State
- Ohio
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $70.6M (FY2013) to $251.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.1BNet assets $295.6M
Operating margin
-7.7%
Spent more than it raised in the latest fiscal year.
Total assets
$4.4B
Total liabilities
$4.1B
Net assets
$295.6M
Salaries & benefits
$44.5M
16% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $251,427,949▲5.6% | $270,893,564▲9.8% | $295,598,522▼3.6% | $4,428,702,240▼13.2% | 990 |
| 2023 | $238,144,145▲42.1% | $246,606,321▲84.0% | $306,666,930▼3.7% | $5,102,489,836▲9.0% | 990 |
| 2022 | $167,594,908▲5.4% | $134,004,722▲12.3% | $318,592,316▼6.4% | $4,683,051,080▲20.1% | 990 |
| 2021 | $159,064,150▲10.7% | $119,288,060▼9.2% | $340,509,274▲11.2% | $3,900,460,857▼0.7% | 990 |
| 2020 | $143,747,706▲7.8% | $131,444,654▲8.7% | $306,216,452▲4.7% | $3,929,368,292▲16.9% | 990 |
| 2019 | $133,308,285▲18.3% | $120,970,081▲22.3% | $292,400,116▲4.5% | $3,361,431,298▲10.5% | 990 |
| 2018 | $112,722,712▲9.2% | $98,877,223▲8.3% | $279,798,199▲5.2% | $3,042,586,327▲8.8% | 990 |
| 2017 | $103,256,310▲16.0% | $91,267,800▲33.5% | $265,905,810▲5.0% | $2,795,896,170▼0.8% | 990 |
| 2016 | $89,044,138▲16.7% | $68,356,260▲13.3% | $253,265,757▲5.6% | $2,817,870,743▲22.8% | 990 |
| 2015 | $76,327,504▲6.9% | $60,328,567▼3.7% | $239,910,339▲6.9% | $2,295,040,250▲11.3% | 990 |
| 2014 | $71,393,909▲1.1% | $62,670,510▲26.0% | $224,342,531▲3.9% | $2,062,806,099▲7.9% | 990 |
| 2013 | $70,598,856 | $49,726,824▲12.1% | $215,951,954▲10.3% | $1,912,336,209▲14.3% | 990 |
| 2012 | — | $44,369,221▲3.3% | $195,749,665▲13.1% | $1,672,953,761▲20.2% | 990 |
| 2011 | — | $42,963,609▼2.8% | $173,019,238▲12.5% | $1,391,726,502▲16.6% | 990 |
| 2010 | — | $44,203,513 | $153,767,787 | $1,193,568,858 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Timothy D Ballinger — $871,288 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy D Ballinger | President/ceo | 40 | $871,288 |
| Brandon J Wheatley | Loan Originator | 40 | $294,363 |
| Scott Meyer | Vice President of Mortgage Originations | 40 | $263,603 |
| Neil D Peterson | Chief Credit Officer | 40 | $243,179 |
| Daniel J Vonderhaar | Chief Financial Officer | 40 | $238,089 |
| Nicholas Mcevoy | Chief Delivery Officer | 40 | $216,552 |
| Jill Lingo | Chief Communication Officer | 40 | $216,014 |
| Ashley Cunningham | Chief Development Officer | 40 | $215,844 |
| Jeffrey Lenzer | Chief Risk Officer | 40 | $213,620 |
| Robin Sargent | Chief Support Officer | 40 | $208,139 |
| Laura J Wurzelbacher | Senior Vice President of Financial Planning & Analysis | 40 | $204,599 |
| Joseph Elam | Chief Information Officer | 40 | $200,572 |
| Melissa Ziegelmeyer | Chief Audit Officer | 40 | $193,540 |
| Aaron Williams | Mortgage Loan Originator | 40 | $190,579 |
| Brian Lucas | Senior Vice President of Compliance | 40 | $189,279 |
| Melanie Disney Tamaska | Chief Human Resources Officer | 40 | $170,745 |
| Amy S Wheeler | Senior Vice President/controller | 40 | $166,043 |
| Cheryl Hill | 2nd Vice Chairperson | 1 | — |
| Gayle Nyswonger | Director | 1 | — |
| Jerry Cabe | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiserv | Core Processing | $3,364,004 |
| Oswald | Construction | $2,934,476 |
| Ncr Corporation | Itm/digital Services | $2,490,173 |
| St Gregory Group | Marketing | $1,747,345 |
| Meridianlink | Software Provider | $1,204,072 |
Grants made · $216K in FY2024
16 grants totaling $216K in FY2024 — showing the 15 largest. All grants made by 1386 General Electric Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Zoological Society of Cincinnati | General support | $95,000 |
| Xavier University | General support | $25,000 |
| New Life Furniture Inc | General support | $10,000 |
| Save the Animals Foundation | General support | $10,000 |
| Pathways To Home | General support | $10,000 |
| Greater Cincinnati Automobile Dealers Association Inc | General support | $10,000 |
| Bon Secours Mercy Health Foundation | General support | $7,500 |
| Home Builders Association of Greater Cincinnati | General support | $7,500 |
| Pink Ribbon Good Inc | General support | $6,000 |
| Habitat For Humanity International Inc | General support | $5,000 |
| Germania Society | General support | $5,000 |
| Easter Seals Tristate | General support | $5,000 |
| Cure Starts Now Inc | General support | $5,000 |
| Urban Light Ministries Incorporated | General support | $5,000 |
| Lakota Sports Organization | General support | $5,000 |
Frequently asked questions
- Is 1386 General Electric Credit Union a legitimate nonprofit?
- Yes. 1386 General Electric Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 31-0568628, based in Cincinnati, Ohio.
- What is 1386 General Electric Credit Union's EIN?
- 1386 General Electric Credit Union's Employer Identification Number (EIN) is 31-0568628.
- How much revenue does 1386 General Electric Credit Union report?
- 1386 General Electric Credit Union reported $251,427,949 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does 1386 General Electric Credit Union's highest-paid employee make?
- The highest reported compensation on 1386 General Electric Credit Union's latest Form 990 is $871,288, paid to Timothy D Ballinger (President/ceo).
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Data for 1386 General Electric Credit Union (EIN 31-0568628) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.