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GECU (formerly Government Employees Credit Union) [1] is a federal chartered credit union headquartered in El Paso, Texas.GECU is regulated under the authority of the National Credit Union Administration (NCUA) and each of their members is an owner who has a vote and a share in the credit union.
Credit unions' net income declines. GECU has $4.4 billion in assets, largely loans, Rascon reported — up 4.7% from 2022. It has 950 employees, making it a major El Paso employer.
This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
Adding in the 3.7 million federal civilian employees there were 20 million government employees. In 2010 8.4 million government workers were represented by unions, [19] including 31% of federal workers, 35% of state workers and 46% of local workers. [20]
Two of America's biggest federal worker unions told members on Wednesday not to trust a Trump administration offer to 2 million government employees to quit with eight months pay, while many civil ...
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The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members.
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]