3.5 star ratingAverage User Rating:
3.5 star rating based on 3 reviews.

Genisys Credit Union

Genisys Credit Union Locations
2100 Executive Hills Blvd.
Auburn Hills, MI 48326
800-521-8440
www.genisyscu.org



Genisys Credit Union is headquartered in AUBURN HILLS and is the 6th largest credit union in the state of Michigan. It is also the 116st largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 265 employees and 127,450 members. Genisys Credit Union has a 5-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Genisys Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%$1,500-Interest Checking Account

Genisys Credit Union Savings Account Rates

ApyMinMaxProduct
0.50%--Health Savings Account (HSA)
0.20%--IRA Savings Account
0.20%--Roth IRA Savings Account
0.20%--Coverdell Education Savings Account
0.10%--Share Savings Account
0.10%--Holiday Savings Account
0.10%--You Name It Savings Account

Genisys Credit Union Money Market Rates

ApyMinMaxProduct
0.55%$100k-High Yield Money Market Account
0.45%$2,500-IRA Money Market Account
0.45%$2,500-Roth IRA Money Market Account
0.45%$2,500-Coverdell ESA Money Market
0.15%$100$2,500College Rewards Money Market Account

Genisys Credit Union CD Rates

ApyMinMaxProduct
1.81%$100k-60 Month Jumbo Certificate
1.76%$500-60 Month Share Certificate
1.21%$100k-48 Month Jumbo Certificate
1.15%$500-48 Month Share Certificate
1.00%$100k-36 Month Jumbo Certificate
0.95%$500-36 Month Share Certificate
0.80%$100k-24Month Jumbo Certificate
0.75%$500-24 Month Share Certificate
0.70%$100k-12 Month Jumbo Certificate
0.65%$500-12 Month Share Certificate
0.55%$100-12 Month Flex Certificate
0.45%$100k-6 Month Jumbo Certificate
0.40%$500-6 Month Share Certificate

Genisys Credit Union IRA Rates

ApyMinMaxProduct
1.81%$100k-60 Month Jumbo IRA Certificate
1.81%$100k-60 Month Jumbo Roth IRA Certificate
1.81%$100k-60 Month Jumbo CESA Certificate
1.76%$500-60 Month IRA Certificate
1.76%$500-60 Month Roth IRA Certificate
1.76%$500-60 Month CESA Certificate
1.21%$100k-48 Month Jumbo IRA Certificate
1.21%$100k-48 Month Jumbo Roth IRA Certificate
1.21%$100k-48 Month Jumbo CESA Certificate
1.15%$500-48 Month IRA Certificate
1.15%$500-48 Month Roth IRA Certificate
1.15%$500-48 Month CESA Certificate
1.00%$100k-36 Month Jumbo IRA Certificate
1.00%$100k-36 Month Jumbo Roth IRA Certificate
1.00%$100k-36 Month Jumbo CESA Certificate
0.95%$500-36 Month IRA Certificate
0.95%$500-36 Month Roth IRA Certificate
0.95%$500-36 Month CESA Certificate
0.80%$100k-24 Month Jumbo IRA Certificate
0.80%$100k-24 Month Jumbo Roth IRA Certificate
0.80%$100k-24 Month Jumbo CESA Certificate
0.75%$500-24 Month IRA Certificate
0.75%$500-24 Month Roth IRA Certificate
0.75%$500-24 Month CESA Certificate
0.70%$100k-12 Month Jumbo IRA Certificate
0.70%$100k-12 Month Jumbo Roth IRA Certificate
0.70%$100k-12 Month Jumbo CESA Certificate
0.65%$500-12 Month IRA Certificate
0.65%$500-12 Month Roth IRA Certificate
0.65%$500-12 Month CESA Certificate
0.45%$100k-6 Month Jumbo IRA Certificate
0.45%$100k-6 Month Jumbo Roth IRA Certificate
0.45%$100k-6 Month Jumbo CESA Certificate
0.40%$500-6 Month IRA Certificate
0.40%$500-6 Month Roth IRA Certificate
0.40%$500-6 Month CESA Certificate

Rates updated: 5/25/2012

Data for Q4 2011


Institution Statistics


GENISYS
NCUA #68536
BankRate ReportView
Year Chartered1964
Employees265
Primary Regulator

Assets and Liabilities

Assets$1.39 billion
Loans$749.73 million
Deposits$1.18 billion
Equity Capital$172.42 million
Loan Loss Allowance$16.18 million
Unbacked Noncurrent Loans$13.79 million
Real Estate Owned$1.93 million

Historic Data - December 2010

Assets$1.34 billion
Equity Capital$152.84 million
Loan Loss Allowance$15.90 million
Unbacked Noncurrent Loans$17.63 million
Real Estate Owned$1.96 million

Profit Margin - Quarterly

Net Interest Margin5.54%
Return on Assets1.1%
Return on Equity8.84%
Interest Income$53.20 million
Non-Interest Income$16.48 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Genisys Credit Union had $15.71 million in non-current loans and owned real-estate with $188.6 million in equity and loan loss allowances on hand to cover it. This gives Genisys Credit Union a Texas Ratio of 8.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Genisys Credit Union decreased slightly from 11.61% as of December 31, 2010 to 8.33% as of December 31, 2011, resulting in a positive change of 28.23%.This indicates that the balance sheet and financial strength for Genisys Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Genisys Credit Union has increased its total deposits by $28.06 million, resulting in 2.45% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Genisys Credit Union has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Genisys Credit Union has $1.39 billion in assets with $188.6 million in equity, resulting in a capitalization level of 13.61%, which is excellent.
Write Review

Personal Attention
5 stars - cboan1 - Tuesday, February 21, 2012 - 1:24 PM

My wife and I have been thinking of making a bank change for some time and considering numerous local banks.  We've walked into a few, called on a few, and checked reviews on some banks.  Only to figure out the bank for us was right in front of us.  So we set up an appointment with Lynn to talk about banking options.  We can honestly say we were blown away with the Customer Service we received from Lynn Middleton.  She listened to all of our needs and was able to find a program for our situation at a GREAT rate!  I would highly recommend Lynn to any of my close friends and family!

2

Genisys Is A Credit Union That Acts Like A Big Bank.
1 stars - jasonlswift - Wednesday, January 4, 2012 - 9:55 AM

Nice website and good loan programs. Corp office customer support is really rude and not professional. I have been using credit unions for over 20 years and will NEVER use Genisys again.

2

Genisys
4 stars - shivani_Kothari - Friday, June 3, 2011 - 2:11 AM

This is a great bank to work with. All the workers are very friendly, understanding, and patient. They can be trusted and are known to be loyal for handling and holding onto my money. Great bank overall.

1
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