Genfed Federal Credit Union

Headquarters

2492 Wedgewood Dr, Suite G
Akron, OH 44312
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Genfed is an NCUA insured institution located in Akron, OH. It was founded in 1937 and has approximately $174.83 millions in assets.

Who can join?

GenFed membership is now open to anyone who:
• Resides, works, attends school, volunteers or worships in Lorain County, Ohio.
• Resides, works, attends school, volunteers or worships in Summit County, Ohio.
• Resides, works, attends school, volunteers or worships in Erie County, Ohio.
• Resides, works, attends school, volunteers or worships Medina County, Ohio.
• Resides, works, attends school, volunteers or worships in Williams County, Ohio.
• Resides, works, attends school, volunteers or worships in Paulding County, Ohio.
• Resides, works, attends school, volunteers or worships in Marion County, Illinois.
• Resides, works, attends school, volunteers or worships in Jefferson County, Illinois.
• Resides or works in Shelby County, Indiana.
• In addition to those above, employees and their families of the business listed on GedFed’s Company Lists are eligible for GenFed membership.

NCUA Insured Yes / Federally Chartered
Charter Number # # 2494
Date Established 1937
Assets $174.83 million
Loans $105.87 million
Deposits $145.75 million
Capital $27.97 million
 

Field of Membership Restrictions

GenFed Financial Credit Union of Ohio is open to the residents, church members, registered students, community volunteers, and the people that maintain employment within the qualified locations of Ohio, Illinois, and Indiana that are listed on the credit union website along with the employees of the partner companies and employee groups that are listed on the credit union website.

Deposit Rates - May 18, 2024

Your Current Location: Virginia, VA 20146

We do not yet have rates for Genfed

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Advertiser Disclosure

Loan Rates - May 18, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Genfed

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 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.638% 6.500% 0.88 $4,602 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.967% 6.875% 0.75 $2,988 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

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

Branches

Below are Genfed 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


Genfed Locations



Climate Policy and Initiatives

GENFED 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

Genfed Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Genfed. 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
Genfed U.S. Average
3.02% 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, Genfed had $855,929 in non-current loans and $0 in owned assets. To cover these potential losses it had $27,965,124 in net worth and $383,452 in loans loss reserves. That gives it a Texas Ratio of 3.02%.

Net Worth
Genfed U.S. Average
15.99% 13.62%

Genfed FCU has a net worth of 15.99% 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 Genfed

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