From CC 2014 menu, select: file / project settings / General
And if the Renderer "drag down" shows a "Mercury Playback Engine GPU Acceleration" option, then rest assured that Premiere Pro is seeing and using your GPU!
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I ran into this problem with my Quadro FX 2800m. In many cases this issue can be fixed by creating the cuda_supported_cards.txt. I know it is missing in 2014 and 2015.
Here is a quick video on YouTube on how to fix it. The video shows it in CC 2015 but I think that I got it working in 2014 the same way.