Compensation 990

General Electric Credit Union

Fiscal year ending 2024. Filed on November 17, 2025.

11311 Cornell Park Drive 124
Cincinnati, Ohio 45242

General Electric Credit Union (EIN: 31-0568628) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, General Electric Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 17 out of 619 total employees. Among the employees shown here, the average compensation is $282,503. The highest compensated employee at General Electric Credit Union is Timothy D Ballinger with fiscal year 2024 compensation of $929,224.

Revenue, expenses, and employee compensation

Revenue

$251,427,949

Expenses

$270,893,564

Employee compensation

$44,487,031
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋0.2%vs 2023
Timothy D Ballinger
President and Chief Executive Officer
$929,224
$871,288 from orgNo related comp$57,936 other
－60.2%vs 2023
Brandon J Wheatley
LOAN Originator
$304,726
$294,363 from orgNo related comp$10,363 other
＋105.1%vs 2023
Daniel J Vonderhaar
Chief Financial Officer
$280,511
$238,089 from orgNo related comp$42,422 other
－9.6%vs 2022
Neil D Peterson
Chief Credit Officer
$274,971
$243,179 from orgNo related comp$31,792 other
－0.5%vs 2023
Scott Meyer
Vice President of Mortgage Originations
$272,685
$263,603 from orgNo related comp$9,082 other
－12.3%vs 2023
Nicholas McEvoy
Chief Delivery Officer
$252,164
$216,552 from orgNo related comp$35,612 other
－12.2%vs 2023
Jill Lingo
Chief Communications Officer
$251,382
$216,014 from orgNo related comp$35,368 other
－14.9%vs 2023
Ashley Cunningham
Chief Development Officer
$251,095
$215,844 from orgNo related comp$35,251 other
－9.8%vs 2023
Robin Sargent
Chief Support Officer
$242,880
$208,139 from orgNo related comp$34,741 other
－4.5%vs 2023
Joseph Elam
Chief Information Officer
$242,530
$200,572 from orgNo related comp$41,958 other
－13.5%vs 2023
Jeffrey Lenzer
Chief Risk Officer
$242,456
$213,620 from orgNo related comp$28,836 other
－7.3%vs 2023
Brian Lucas
Senior Vice President of Compliance
$220,414
$189,279 from orgNo related comp$31,135 other

Non-Employee Board Members

Cheryl Hill
Second Vice Chair
Gayle Nyswonger
Director
Jerry Cabe
Director
Mary Cay Vessells
Chair
Michael Johnson
First Vice Chair
Perry Engstrom
Director
Richard Ille
Secretary and Treasurer
Robert Peak
Director

Contractors

＋6.1%vs 2023
Fiserv
Core Processing
$3,364,004
－34.0%vs 2021
Oswald
Construction
$2,934,476
－21.2%vs 2023
NCR Corporation
Itm/Digital
$2,490,173
－54.3%vs 2023
St Gregory Group
Marketing
$1,747,345
－21.1%vs 2023
Meridianlink
Software Provider
$1,204,072

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 General Electric Credit Union 990 filed
November 14, 2024:
2023 General Electric Credit Union 990 filed
November 15, 2023:
2022 General Electric Credit Union 990 filed

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