GE Credit Union


Overview / Commentary
203-783-1103
265 Sub Way
Milford, CT 06461

GE Credit Union is headquartered in Milford and is the 13th largest credit union in the state of Connecticut. It is also the 1,071st largest credit union in the nation. It was established in 1940 and as of March of 2024, it had grown to 47 employees and 26,021 members at 12 locations. GE Credit Union's CD rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

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.
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Health

Health Grade Components

Overall
NCUA #4043
Year Chartered1940
Employees47
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD7.11%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$274.5MM$270.5MM
LoansQ1 2024vs Q1 2023$150.3MM$137.9MM
DepositsQ1 2024vs Q1 2023$254MM$252.9MM
Equity CapitalQ1 2024vs Q1 2023$17.8MM$15.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$843K$326K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2MM$966K
Real Estate OwnedQ1 2024vs Q1 2023$0$515K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GE Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$0$1kJump Start Savings Account
0.15%$250-Holiday Club
0.15%$250-Vacation Club
0.15%$250-IRA Savings Account
0.15%$250-Roth IRA Savings Account
0.15%$250-Coverdell Education Savings Account
0.05%$250-Regular Shares Account
0.05%$250-Secondary Savings Account

GE Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*-Personal Money Market Account
OTHER TIERS: 0.30% $100 - $2.5k | 0.50% $2.5k - $25k | 0.85% $25k - $50k | 1.00% $50k - $100k

GE Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-1 Year Share Certificate
3.75%$500-2 Year Share Certificate
3.50%$500-3 Year Share Certificate
3.50%$500-4 Year Share Certificate
3.50%$500-5 Year Share Certificate
2.00%$500-6 Month Share Certificate
1.00%$500-3 Month Share Certificate

GE Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-1 Year IRA Share Certificate
3.75%$500-2 Year IRA Share Certificate
3.50%$500-3 Year IRA Share Certificate
3.50%$500-4 Year IRA Share Certificate
3.50%$500-5 Year IRA Share Certificate
2.00%$500-6 Month IRA Share Certificate
1.00%$500-3 Month IRA Share Certificate
Locations

Availability



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