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 1,081st largest credit union in the nation. It was established in 1940 and as of December of 2024, it had grown to 47 employees and 23,124 members at 12 locations. GE Credit Union 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.
See current membership details

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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 - YTD6.24%
Annual Interest Income$11.6MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$268.2MM$263.3MM
LoansQ4 2024vs Q4 2023$155.7MM$149.7MM
DepositsQ4 2024vs Q4 2023$245.2MM$243MM
Equity CapitalQ4 2024vs Q4 2023$20MM$17.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$895K$902K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$1.7MM$1.7MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Rates for GE Credit Union are currently being reviewed.

Locations

Availability



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