General Electric Credit Union
Headquarters
10485 Reading Rd
Cincinnati, OH 45241
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Phone 1-513-243-4328
2024 Overview
General Credit Union Information
General Electric is an NCUA insured institution located in Cincinnati, OH. It was founded in 1954 and has approximately $5108.67 millions in assets.
Who can join?
Those who live, work, worship, or attend school in the following Ohio counties: Hamilton, Butler, Warren, Montgomery, Clermont, Adams, Brown, Clinton, Fayette, Greene, Highland, Preble, Clark, Darke, Miami, and Shelby
Those who live and work in the following Kentucky counties: Boone, Campbell, and Kenton
Employees and pensioners of General Electric Company in the Greater Cincinnati area
Employees and pensioners of General Electric Company Aircraft Engine Division
Immediate family members of current members. Immediate family includes: spouse, child, sibling, parent, grandparent/grandchild, step
parents/children/siblings, and adoptive relationships. Additionally, a person living in the same residence and maintaining a single
economic unit with a current member.
Anyone living and sharing household expenses with a current member
Anyone who lives or works in Sharonville, Ohio
Parishioners of St. Michael’s Church, Sharonville United Methodist Church, or Assumption Catholic Parish
Mason City Schools, Kings Local Schools, and Loveland City Schools employees, students, and their family members
Employees of TriHealth, including: Bethesda Oak, Bethesda North, and Good Samaritan hospitals
Employees of Mercy Health Partners, including: Mercy Hospital Anderson, Mercy Hospital Clermont, Mercy Hospital Fairfield, Mercy Hospital
Mt. Airy, and Mercy Hospital Western Hills
Employees of more than 325 Cincinnati companies/organizations (Select Employer Groups)
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68574 |
| Date Established | 1954 |
| Assets | $5,108.67 million |
| Loans | $4,002.16 million |
| Deposits | $3,982.52 million |
| Capital | $370.79 million |
Field of Membership Restrictions
Membership in General Electric Credit Union is open to the following: (1) those who live, work, attend school or worship in Adams, Brown, Butler, Clark, Clermont, Clinton, Darke, Fayette, Greene, Hamilton, Highland, Miami, Montgomery, Preble, Shelby, and Warren Counties in Ohio; (2) those who live, work, attend school or worship in Boone, Campbell, Grant, Kenton, and Pendleton Counties in Kentucky; (3) those who live, work, attend school or worship in Dearborn, Franklin, Ohio, Switzerland, and Union Counties in Indiana; (4) those who work or live in Sharonville, Ohio; (5) employees and retirees of General Electric Company Aircraft Engine Division or General Electric Company in the Greater Cincinnati area; (6) employees and students of Kings Local Schools, Loveland City Schools, and Mason City Schools and their families; (7) parishioners of All Saints Church, Assumption Catholic Parish, Crestview Presbyterian Church, and select congregations; (8) employees of TriHealth, Mercy Health, and over 300 other Select Employer Groups.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $5 | - |
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|
|
Money Market
|
3.00% | $0 | $4,999 |
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|
|
Money Market
|
3.00% | $5,000 | $24,999 |
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|
|
Money Market
|
3.00% | $25,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
3.50% | $0 | - |
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|
| 6 Mo CD
|
4.25% | $0 | - |
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|
| 9 Mo CD
|
4.50% | $0 | - |
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|
| 11 Mo CD
|
4.25% | $0 | - |
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|
| 12 Mo CD
|
4.50% | $0 | - |
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|
| 12 Mo CD
|
4.75% | $100,000 | - |
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|
| 18 Mo CD
|
3.90% | $0 | - |
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|
| 24 Mo CD
|
3.80% | $0 | - |
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|
| 24 Mo CD
|
4.00% | $100,000 | - |
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|
| 36 Mo CD
|
3.80% | $0 | - |
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|
| 60 Mo CD
|
3.65% | $0 | - |
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|
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for General Electric
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 447490 |
6.947% | 6.875% | 0.75 | $2,342 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to General Electric
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Branches
Below are General Electric branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
GENERAL ELECTRIC is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
General Electric Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of General Electric. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| General Electric | U.S. Average |
|---|---|
| 14.61% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, General Electric had $54,637,119 in non-current loans and $3,837,181 in owned assets. To cover these potential losses it had $370,788,058 in net worth and $29,413,052 in loans loss reserves. That gives it a Texas Ratio of 14.61%.
Net Worth
| General Electric | U.S. Average |
|---|---|
| 7.25% | 13.62% |
General Electric FCU has a net worth of 7.25% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for General Electric
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