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EIN 36-1120219

Gas and Electric Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
18
City
Rock Island
State
Illinois
Year formed
1935
Most recent tax filings
2024-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Gas and Electric Credit Union aims to encourage thrift among its members, create a source of credit at a reasonable rate of interest, and provide opportunities for its members to use and control their own money to improve their economic and social conditions. Its programs include offering auto loans to 392 members to purchase new or used vehicles and providing mortgage loans or advances to 107 members.
Total revenues
$6,353,996
2024
Total expenses
$5,958,967
2024
Total assets
$121,712,731
2024
Num. employees
18
2024

Program areas at Gas and Electric Credit Union

We provided auto loans to 413 members to purchase a new or used vehicle
We provided new mortgage loans or advances to 84 members
We provided checking accounts to 3876 members

Financials for Gas and Electric Credit Union

RevenuesFYE 12/2024
Total grants, contributions, etc.$0
Program services$5,342,095
Investment income and dividends$950,935
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$60,721
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$245
Miscellaneous revenues$0
Total revenues$6,353,996

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Align Credit UnionLowell, MA$27,908,271
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Taylor Credit UnionMedford, WI$3,818,717
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Co-Op Credit Union of MontevideoMontevideo, MN$16,954,154
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Data update history
August 5, 2025
Posted financials
Added Form 990 for fiscal year 2024
July 20, 2024
Updated personnel
Identified 3 new personnel
July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
2300 4th Ave
Rock Island, IL 61201
Metro area
Davenport-Moline-Rock Island, IA-IL
County
Rock Island County, IL
Website URL
gaselectriccu.com/ 
Phone
(309) 793-3610
IRS details
EIN
36-1120219
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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