83R5431 JGH-D
By: Marquez H.R. No. 312
R E S O L U T I O N
WHEREAS, Credit unions play an important role in the economic
vitality of the Lone Star State, and the Government Employees
Credit Union in El Paso has been a vital community resource for 80
years; and
WHEREAS, In 1932, 11 individuals in El Paso created a
cooperative to ensure their financial security during the depths of
the Great Depression; pooling their resources, they established the
Federal Employees Credit Union with a working capital of $55; and
WHEREAS, Now known as GECU, the business has grown to become
one of El Paso's most respected financial institutions, with 11
branches, approximately 310,000 members, and over $1.9 billion in
assets; more than a third of the residents of El Paso County are
members of GECU; and
WHEREAS, Over the past eight decades, GECU has grown and
thrived by remaining true to its founding principle of people
working together to support each other, and its contribution to the
prosperity of its community is truly deserving of special
recognition; now, therefore, be it
RESOLVED, That the House of Representatives of the 83rd Texas
Legislature hereby commemorate the 80th anniversary of the
Government Employees Credit Union in El Paso and extend to its
officers, staff, and members sincere best wishes for continued
success; and, be it further
RESOLVED, That an official copy of this resolution be
prepared for GECU as an expression of high regard by the Texas House
of Representatives.