MidAmerican Employees

Why Choose GECU?

Did you know as MidAmerican employee (or contract employee) you are eligible to belong to GECU? Just a few facts to know about GECU and how we are different: 

• For 4 years in a row, we received the Benefits of Membership Award from CUNA (Credit Union National Association). The Benefits of Membership Award honors credit unions that provide the highest financial benefit to members in the form of lower loan rates, higher deposit yields, and lower and fewer fees compared to local banks. In 2023, CUNA estimated that GECU saved members on average $673, and up to $1,371 for high-use member households!

• In July 2023, Gas & Electric Credit Union was voted the best Credit Union by the Quad Cities Regional Business Journal.

• As of September 2024, we are ranked 7^th out of 696 credit unions in our peer group, the top 1%, in Callahan’s Return to Member Index.  This measures how well we return value to members in three categories – return to savers, return to borrowers, and member product usage.  For all credit unions in the US, we are ranked 60^th out of 4561 nationwide, or the top 1.3%.  We have consistently ranked highly both within our peer group and nationwide for many years. 
  

• In the past 10 years, we have paid over 1,200,000 in bonus dividends back to our members. 

A Little About Us...

Gas & Electric Credit Union (GECU) was formed in 1935. We are a not-for-profit, member-owned financial cooperative. Because credit unions are a cooperative — they are owned by their members and instead of paying profits to shareholders — we pay you the profits in the form of higher savings rates, lower loan rates, and lower, if any fees. Much like any other financial institution, credit union accounts are insured. GECU accounts are insured to at least $250,000 by the federal government through the NCUA.

Through the years we have grown substantially, however the philosophy of the Board of Directors and staff has never changed. Our first priority is and always will be service to our members. We offer an array of financial services to meet all of our members’ needs — from kids to seniors. We also believe strongly in giving back and supporting our community. You'll see this in many ways, whether it is employees volunteering their time or sponsorships and donations to local organizations.

An Employee Benefit that Pays

Being a member at GECU truly is an employee benefit that pays! We offer all of the financial products and services of the "big banks" without the hefty fees paired with top-notch service. Unlike a bank, our goal is to enrich the lives of our member-owners. We would love to see how we can do just that for you! Below is just a short list of the many ways GECU can work for you!

• Green Checking reward checking
• Low rate auto loans with flexible terms
• Multiple saving options with competitive rates
• First mortgages and home equity loans
• Online & Mobile Banking with remote deposit, Credit Score and more
• ATM Privileged Status Network partner with over 3,000 ATMs nationwide
• Shared Branch Network to over 5,000 locations nationwide
• Financial tools and resources
• Youth accounts with incentives and programs
• Member exclusive special events and offers

Let's get started! Open an account now!