GE Credit Union is headquartered in Milford and is the 13th largest credit union in the state of Connecticut. It is also the 1,042nd largest credit union in the nation. It was established in 1940 and as of December of 2021, it had grown to 50 employees and 26,044 members at 12 locations. GE Credit Union has an A health rating.
Membership in GE Credit Union is open to the following: (1) employees of General Electric Company, U.S. Electrical Motors, Inc., Corporate Health Dimensions and over 75 area Select Employer Groups; (2) those who live, work, worship or attend school in the underserved areas of Lynchburg, Virginia or Bridgeport and New Haven, Connecticut.
See current membership details
Overall | |
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NCUA # | 4043 |
Year Chartered | 1940 |
Employees | 50 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.2% |
Return on Equity - YTD | 2.44% |
Annual Interest Income | $6.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $268.3MM$253.1MM |
Loans | Q4 2021vs Q4 2020 | $116.6MM$117.2MM |
Deposits | Q4 2021vs Q4 2020 | $244.8MM$229.4MM |
Equity Capital | Q4 2021vs Q4 2020 | $21.6MM$22.6MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $272.00K$548.00K |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.0MM$1.4MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$271.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $100k* | - | Personal Money Market Account | ||
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $25k | 0.15% → $25k - $100k | |||||
0.20% | $50k | - | Business Money Market Account |