Genfed Financial

2492 Wedgewood Dr, Suite G
Akron, OH 44312

Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 68611
Date Established 1937
Assets $233.84 million
Loans $164.46 million
Deposits $193.58 million
Capital $35.44 million

Genfed Financial is an NCUA insured institution located in Akron, OH. It was founded in 1937 and has approximately $233.84 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.

Savings Rates

Your Current Location: Virginia, VA 20146

We do not yet have rates for Genfed Financial

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


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for GENFED FINANCIAL

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

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

Branches

Below are Genfed Financial 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 Financial Locations

Financial Details

Genfed Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Genfed Financial. 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 Financial U.S. Average
4.69% 6.15%

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. As of June 30, 2017, Genfed Financial had $1,647,296 in non-current loans and $50,000 in owned assets. To cover these potential losses it had $35,438,024 in net worth and $722,565 in loans loss reserves. That gives it a Texas Ratio of 4.69%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a credit union has to absorb its loan losses.

Net Worth
Genfed Financial U.S. Average
15.49% 13.03

Genfed Financial FCU has a net worth of 15.49% versus the BestCashCow average of 13.03. 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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