General Electric Employees Federal Credit Union

Headquarters

265 Sub Way
Milford, CT 06461
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.02% →
1-Year CD 0.30% 1.45% →
2-Year CD 0.50% 2.86% →
5-Year CD 1.00% 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

General Electric Employees is an NCUA insured institution located in Milford, CT. It was founded in 1940 and has approximately $268.25 millions in assets.

Who can join?

You are eligible for GE Credit Union membership if you are an employee of any of the following companies, or a family member of an employee having the following common bond:

Employees of the General Electric Company who work in Bridgeport, CT;
Employees of Bic Corporation, Milford, CT
Employees of Diageo, Norwalk, CT
Employees of SUBWAY Headquarters, Milford, CT
Employees of the General Electric Capital Corporation, a wholly owned subsidiary of the General Electric Company, who work in or are supervised from Stamford, CT; employees of the General Electric Company who work in Fairfield, CT; employees of the General Electric Company who work in Danbury, CT; employees of General Electric Consulting Services Corporation who work in Rockville, Maryland; employees of General Electric Trading Company who work in New York, NY, employees of General Electric Distribution & Medium Transformer Business Department who work in Shreveport, Louisiana; employees of Martin Marietta Ocean, Radar & Sensor Systems who work in Syracuse, NY; employees of Lockheed Martin who work in East Windsor, NJ or King of Prussia, PA;
Employees of Covidien (who work in or are paid from Norwalk, CT or Stamford, CT, except foreign nationals at foreign locations; commissioned salespersons of the above company who are paid from Norwalk, CT);
Employees who regularly work in Enterprise Corporate Towers in Shelton, CT;
Employees of Lockheed Martin - Newtown, PA, Syracuse, NY, or Valley Forge, PA;
Employees of R.C. Bigelow, Inc. who work in Fairfield, CT;
Employees of ISC - Bunker Ramo (Central, Eastern, Southern, or Western Regions);
Employees of Corporate Health Dimensions who work in Syracuse, NY;
Employees and registered students of Sacred Heart University who work in Fairfield, CT;
Employees of Corestaff Services who work in Boulder, CO;
Employees of Sonitrol Security Systems of Bridgeport who work in Fairfield,CT;
Employees of Initial Contract Services, Inc. who work in Fairfield, CT;
Employees of The Wackenhut Corporation who work in Lynchburg, VA;
Employees of GEFA IT - Compaq Delivery Team who work in Lynchburg, VA;
Employees of GUARDSMARK, Inc. who work in Liverpool, NY;
Employees of Rotair Industries, Inc. who work in Bridgeport, CT;
Employees of the Town of Orange, CT;
Persons who live, work, worship, or attend school in and businesses and other legal entities located in the City of Bridgeport, Connecticut, a local community which meets the underserved area definition of the Federal Credit Union Act;
Employees of Genworth Financial, Inc. who work in, are paid from or are supervised from Richmond, VA;
Employees of Marlin Firearms Company, North Haven, CT;
Employees of Dorr-Oliver, Inc;
Family and Children's Services, Inc., Stratford, CT;
Employees of Wilbur Vault;
Employees of O.F. Mossburg & Sons;
Members of United Steel Workers of America Local 134;
Employees of SBM;
Employees of JD Byrider-CNAC who work in Lynchburg, VA;
Persons who live, work, worship, or attend school in and businesses and other legal entities located in the City of New Haven, Connecticut, a local community which meets the underserved area definition of the Federal Credit Union Act;
Persons who live, work, worship, or attend school in and businesses and other legal entities located in Lynchburg, VA, a local community which meets the underserved area definition of the Federal Credit Union Act;
Employees of the SI Organization who work in Valley Forge, PA;
Also included are spouses of persons who died while within the field of membership of this credit union, employees of this credit union, persons retired as pensioners or annuitants from the above employment, members of their immediate family or household, and organizations of such persons.

NCUA Insured Yes / Federally Chartered
Charter Number # # 4043
Date Established 1940
Assets $268.25 million
Loans $116.63 million
Deposits $244.78 million
Capital $22.77 million
 

Field of Membership Restrictions

Membership in GE Credit Union is open to the following: (1) employees of General Electric Company, U.S. Electrical Motors, Inc., Corporate Health Dimensions and over 75 area Select Employer Groups; (2) those who live, work, worship or attend school in the underserved areas of Lynchburg, Virginia or Bridgeport and New Haven, Connecticut.

Deposit Rates - May 23, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Loan Rates - May 23, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for GENERAL ELECTRIC EMPLOYEES

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Filo Mortgage, LLC
NMLS ID: 1928741
4.440% 4.375% 0.75 $1,920 $1,249 Learn More
CashCall Mortgage
NMLS ID: 128231
5.213% 5.125% 1.00 $2,500 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to GENERAL ELECTRIC EMPLOYEES
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are General Electric Employees 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:
Ashburn,Virginia


General Electric Employees Locations



Climate Initiatives

GENERAL ELECTRIC EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

General Electric Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of General Electric Employees. 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 Employees U.S. Average
6.70% 4.85

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, 2021, General Electric Employees had $1,273,150 in non-current loans and $271,198 in owned assets. To cover these potential losses it had $22,771,926 in net worth and $271,707 in loans loss reserves. That gives it a Texas Ratio of 6.70%.

Net Worth
General Electric Employees U.S. Average
8.6% 12.36%

General Electric Employees FCU has a net worth of 8.6% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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