GENFED FINANCIAL

2492 Wedgewood Dr, Suite G
Akron, OH 44312

 

2019 Overview

General Credit Union Information

NCUA Insured No
Charter Number # # 97106
Date Established 1937
Assets $245.86 million
Loans $159.13 million
Deposits $205.37 million
Capital $39.61 million

Genfed Financial is located in Akron, Oh. It was founded in 1937 and has approximately $245.86 millions in assets.

Deposit Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.80% $2,000 $19,999 Learn MoreShow Less
Money Market
0.90% $20,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.70% $1,000 - Learn MoreShow Less
Special: 60 Mo FIRA
2.75% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.75% $1,000 - Learn MoreShow Less
1.40% $1,000 $99,999 Learn MoreShow Less
1.70% $1,000 $99,999 Learn MoreShow Less
1.90% $1,000 $99,999 Learn MoreShow Less
2.10% $1,000 $99,999 Learn MoreShow Less
2.20% $1,000 $99,999 Learn MoreShow Less
2.30% $1,000 $99,999 Learn MoreShow Less
Special: 37 Mo CD
2.05% $1,000 - Learn MoreShow Less
2.50% $1,000 $99,999 Learn MoreShow Less
Special: 57 Mo CD
2.30% $1,000 - Learn MoreShow Less
Special: 60 Mo CD
2.75% $1,000 - Learn MoreShow Less
2.75% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.05% $1 $1,499 Learn MoreShow Less
Int Ckg
0.15% $1,500 - Learn MoreShow Less

Loan Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.408% 3.375% 0.38 $1,020 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to GENFED FINANCIAL
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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:
Fairfield,Connecticut


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
0.89% 5.86

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 June 30, 2019, Genfed Financial had $349,242 in non-current loans and $7,000 in owned assets. To cover these potential losses it had $39,609,520 in net worth and $602,180 in loans loss reserves. That gives it a Texas Ratio of 0.89%.

Net Worth
Genfed Financial U.S. Average
16.11% 13.65%

Genfed Financial FCU has a net worth of 16.11% versus the BestCashCow average of 13.65. 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 Financial

Branches and Savings

What is Genfed Financial?

A federal credit union, registered with the NCUA under certificate #97106.
Learn more about credit unions here.

Is Genfed Financial FDIC insured?

No, Genfed Financial credit union is not insured by the FDIC because it is not a bank. Because it is state chartered and not federally chartered, it is also not insured by the NCUA. Deposits may or may not be insured by private deposit insurance and you should check with the state chartering organization to confirm whether and to what level your deposits are required to be protected.

Who can join Genfed Financial?

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

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

Genfed Financial'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 Financial?

Genfed Financial has total capital of $39.61 million. Full information on Genfed Financial's financial position is located above.

Who owns Genfed Financial?

Credit Unions are owned by their members.

Where are Genfed Financial branches located?

See branch locations nearby.

Are Genfed Financial ATMs Open 24/7?

Do Genfed Financial ATMs accept cash deposits?

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

Does Genfed Financial have a mobile app?

Does Genfed Financial have mobile deposit?

Does Genfed Financial have quick pay?

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

Does Genfed Financial report to credit bureaus?

Does Genfed Financial use Chexsystems?

Does Genfed Financial use Equifax?

What is Genfed Financial's toll free phone number?

What is Genfed Financial's ACH Routing Number?

What is Genfed Financial's SWIFT code?

Where can I find Genfed Financial's wire transfer form?

What is the Genfed Financial address for deposits?

What Products Does Genfed Financial Offer

Does Genfed Financial offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Genfed Financial offer auto and RV loans?

Compare auto loan rates here.

Does Genfed Financial offer student loans or personal loans?

Compare personal loan rates here.

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