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GECU is the oldest credit union formed in El Paso, Texas. In 1932, eleven El Paso civil servants pooled $5 each to form a credit union inside of the broom closet of El Paso's federal building. In one year, the capital funds of the credit union had increased to $1305. In 1947 there were 135 members which grew to 690 members in 1950.
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.
A man suspected in a violent armed robbery of a GECU branch in El Paso was arrested in the Tucson area in the fall of 2022 by an FBI SWAT team such as the one in this file photo.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
El Paso (/ ɛ l ˈ p æ s oʊ /; Spanish: [el ˈpaso]; lit. ' the pass ' or ' the step ') is a city in and the county seat of El Paso County, Texas, United States.The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 22nd-most populous city in the U.S., the most populous city in West Texas, and the sixth-most populous city in Texas.
About a third (31 percent) of banked households primarily used physical channels, such as a bank teller or ATM, to access their accounts in 2021. (FDIC) While 38 percent of consumers consider bank ...
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