Overview / Commentary
GE Credit Union is headquartered in Milford and is the 13th largest credit union in the state of Connecticut. It is also the 1,075th largest credit union in the nation. It was established in 1940 and as of March of 2025, it had grown to 51 employees and 25,880 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
Health
B+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4043 |
| Year Chartered | 1940 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 3.69% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $278.7MM$274.5MM |
| Loans | Q1 2025vs Q1 2024 | $153.7MM$150.3MM |
| Deposits | Q1 2025vs Q1 2024 | $253.8MM$254MM |
| Equity Capital | Q1 2025vs Q1 2024 | $21.3MM$17.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $889K$843K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.3MM$2MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
