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R E S O L U T I O N
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WHEREAS, Credit unions play an important role in the economic |
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vitality of the Lone Star State, and the Government Employees |
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Credit Union in El Paso has been a vital community resource for 80 |
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years; and |
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WHEREAS, In 1932, 11 individuals in El Paso created a |
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cooperative to ensure their financial security during the depths of |
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the Great Depression; pooling their resources, they established the |
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Federal Employees Credit Union with a working capital of $55; and |
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WHEREAS, Now known as GECU, the business has grown to become |
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one of El Paso's most respected financial institutions, with 11 |
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branches, approximately 310,000 members, and over $1.9 billion in |
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assets; more than a third of the residents of El Paso County are |
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members of GECU; and |
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WHEREAS, Over the past eight decades, GECU has grown and |
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thrived by remaining true to its founding principle of people |
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working together to support each other, and its contribution to the |
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prosperity of its community is truly deserving of special |
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recognition; now, therefore, be it |
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RESOLVED, That the House of Representatives of the 83rd Texas |
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Legislature hereby commemorate the 80th anniversary of the |
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Government Employees Credit Union in El Paso and extend to its |
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officers, staff, and members sincere best wishes for continued |
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success; and, be it further |
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RESOLVED, That an official copy of this resolution be |
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prepared for GECU as an expression of high regard by the Texas House |
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of Representatives. |