GENFED

2492 WEDGEWOOD DR, SUITE G
Akron, OH 44312

 

2019 Overview

General Credit Union Information

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

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.

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 - August 23, 2019

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

There are currently no rates available for Genfed, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - August 23, 2019

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.522% 3.500% 0.25 $675 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$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


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% 6.77

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 March 31, 2019, 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% 13.47%

Genfed FCU has a net worth of 15.99% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Genfed

Branches and Savings

What is Genfed?

A federal credit union, registered with the NCUA under certificate #2494.
Learn more about credit unions here.

Is Genfed FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Genfed?

Please see Field of Membership information above for information on who is eligible to join.

What are Genfed's share account and share certificate rates?

Genfed's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Genfed?

Genfed has total capital of $27.97 million. Full information on Genfed's financial position is located above.

Who owns Genfed?

Credit Unions are owned by their members.

Where are Genfed branches located?

See branch locations nearby.

Are Genfed ATMs Open 24/7?

Do Genfed ATMs accept cash deposits?

Can Genfed customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Genfed have a mobile app?

Does Genfed have mobile deposit?

Does Genfed have quick pay?

How can Genfed transfer money to other banks or credit unions?

Does Genfed report to credit bureaus?

Does Genfed use Chexsystems?

Does Genfed use Equifax?

What is Genfed's toll free phone number?

What is Genfed's ACH Routing Number?

What is Genfed's SWIFT code?

Where can I find Genfed's wire transfer form?

What is the Genfed address for deposits?

What Products Does Genfed Offer

Does Genfed offer mortgages?

Compare mortgage rates here.

Does Genfed offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Genfed offer auto and RV loans?

Compare auto loan rates here.

Does Genfed offer student loans or personal loans?

Compare personal loan rates here.

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