GE Credit Union is headquartered in Milford and is the 13th largest credit union in the state of Connecticut. It is also the 1,004th largest credit union in the nation. It was established in 1940 and as of June of 2019, it had grown to 58 employees and 26,512 members at 12 locations. GE Credit Union's money market rates are 70% higher than 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.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4043 |
| Year Chartered | 1940 |
| Employees | 58 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 6.05% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $223.5MM$219.4MM |
| Loans | Q2 2019vs Q2 2018 | $112.8MM$107.2MM |
| Deposits | Q2 2019vs Q2 2018 | $201.5MM$201.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $20.4MM$16.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $559.00K$670.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1.2MM$1.5MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
