General Electric Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.50% | 5-year CD | 5-Year Share Certificate 2.25% - Ally Bank High Yield 5 Year CD |
| 1.55% | 1-year CD | 1-Year Jumbo Share Certificate 1.30% - Barclays 12 Month Online CD |
| 0.80% | Money Market | Money Market Plus Account 0.85% - Ally Bank Money Market Account |
To benefit the employees of General Electric Aircraft Engines, General Electric Credit Union (GECU) was chartered in 1954. In the 1980s, GECU expanded its field of membership to include several Select Employer Groups (SEGs). Today, the credit union serves over 160,000 members – primarily in Ohio, Kentucky, and Indiana. At the time of this writing, funds deposited with GECU are insured by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund (NCUSIF).
GECU members have convenient and secure access to funds through online and mobile banking options. Electronic statements, ATM access, and bill pay options are also available.
General Electric Credit Union offers its members a suite of financial products and services, including the following personal depository banking products: savings accounts, Health Savings Accounts (HSAs), money market accounts, checking accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). Although basic savings account is required for membership, holiday and vacation “club” accounts are available as well. The credit union’s money market account offers higher, tiered interest rates – depending upon the account balance. GECU offers Traditional, Roth, and Educational IRA products, and its share certificates (CDs) range in terms from 182 days to 5 years, with IRAs and HSAs available as certificates.
As for business deposit account products, General Electric Credit Union provides a business savings account (required for membership), two business checking account options, a business money market account, and business share certificates (CDs).
Field of Membership Restrictions
Membership in General Electric Credit Union is open to the following: (1) those who live, work, attend school or worship in Adams, Brown, Butler, Clark, Clermont, Clinton, Darke, Fayette, Greene, Hamilton, Highland, Miami, Montgomery, Preble, Shelby, and Warren Counties in Ohio; (2) those who live, work, attend school or worship in Boone, Campbell, Grant, Kenton, and Pendleton Counties in Kentucky; (3) those who live, work, attend school or worship in Dearborn, Franklin, Ohio, Switzerland, and Union Counties in Indiana; (4) those who work or live in Sharonville, Ohio; (5) employees and retirees of General Electric Company Aircraft Engine Division or General Electric Company in the Greater Cincinnati area; (6) employees and students of Kings Local Schools, Loveland City Schools, and Mason City Schools and their families; (7) parishioners of All Saints Church, Assumption Catholic Parish, Crestview Presbyterian Church, and select congregations; (8) employees of TriHealth, Mercy Health, and over 300 other Select Employer Groups.
See current membership details
Related Posts
8/21 - General Electric Credit Union 1 Yr CD 1.5%APY
8/21 - General Electric Credit Union 5 Yr CD 2.50%APY
9/9/11 - Top 1-Year CD Rate at General Electric Credit Union in Ohio - Local Only
1/9/11 - Top CD and Money Market Rates at General Electric Credit Union in Ohio - Local Only
3/19/06 - 5.54% 12-Month CD at an Ohio CU ($100K min)
12/6/05 - 5.38% 48-Month CD at a Ohio CU
Great Interest Rates, Convenient, Great Service
I opened an account at GECU at the end of last year. I found their interest rates on savings to be the best in the Cincinnati area. May move other credit union accounts here because the rates are so much better.
They also have real true electronic bill payment and not mailing of checks.
Their service has been very good and they have a number of office locations in the area. The closest branch is located in a local hospital and the access is very easy.
I have used the phone support when I first opened the account and it was prompt and very helpful. They resolved a problem quickly and to my complete satisfaction.
Customer Service Is Great! Fewer Nickel And Dime Fees Needed.
I've been a customer of GE Credit Union for several years and have been really impressed. They're very customer-centric. Their products are really good and their rates are usually the best in the area. We refinanced our mortgage with them and they took care of everything making it completely painless for us. GECU's fees can be a nuisance. They charge 50 cents for each 5/3 ATM transaction (but no surcharge). Many small banks and credit unions would just suck that fee up as a service. They also offer PopMoney but with fees that are also a nuisance vs. free with many banks. The fees really don't add up to much though and their service has really been very helpful to us.
Terrible Service
go to the bathroom, eat and perhaps call your parents on the other phone if you have to call GECU customer service-- well over 6 minutes before you get a live person. Oh, and don't send bills with due dates 3 days on receipt.
Horrible Customer Service
Horrible customer service. Worse banking I've ever received! Go anywhere, but there.
GE Credit Union A Comercial Bank And Not A Credit Union!
GE credit union has horrible customer service, and i feel this is a big typical cooperate bank and not a credit union. GE credit union has been successful in branding its financial institute as quote "credit union". It is not a credit union; please don't be fooled! It's a big bank just like banking with Chase bank or bank of America. Their fees are all the same charges as the cooperate banks. GE credit union bought out my old credit union, which i have been banking with for 12 years, and have changed all services and benefits i enjoyed from my old credit union like clearing checks on time, doing your transaction without showing your photo identification because the credit union staff knows all its customers and we have a banking relationship. GE credit union is a full cooperate bank but not a credit Union.
1 vote | Report Post
Horrible Customer Service If Calling In
I recently lost my vehicle to a head-on collision where the other party was 100% at fault. Every time I have called GECU it takes more than 6 minutes to answer a call, and I'm usually on the phone for about 20 minutes if I have a question, with only a few minutes actually spent talking to someone. They refused to delay payments or stop interest. They don't have a branch close to me, so not sure why the dealership picked them. They refuse to make a simple note to state that additional principal payments were to be applied to the rediculous $175 loan/application fee. I will never have another account with them and will gladly pay a higher interest rate on future vehicle loans to avoid GECU.
Data as of Q4 2016
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68574 |
| Year Chartered | 1954 |
| Employees | 197 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 8.25% |
| Annual Interest Income | $72.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2016vs Q4 2015 | $2.82B$2.30B |
| Loans | Q4 2016vs Q4 2015 | $2.51B$2.04B |
| Deposits | Q4 2016vs Q4 2015 | $2.36B$2.02B |
| Equity Capital | Q4 2016vs Q4 2015 | $259.5MM$240.3MM |
| Loan Loss Allowance | Q4 2016vs Q4 2015 | $13.5MM$12.8MM |
| Unbacked Noncurrent Loans | Q4 2016vs Q4 2015 | $18.7MM$14.9MM |
| Real Estate Owned | Q4 2016vs Q4 2015 | $42.00K$193.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
GECU Lowered Their 5 Year CD To 2.50%
Always verify rates and promotions with the bank or credit union. We are not General Electric Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
General Electric Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Share Savings | |
| 0.10% | - | - | IRA Passbook | |
| 0.10% | - | - | Christmas Club | |
| 0.10% | - | - | Vacation Club |
General Electric Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.80%* | $50k* | - | Money Market Plus Account | ||
| OTHER TIERS: 0.20% → $10k - $50k | |||||
General Electric Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65%* | $25k* | - | Premium FREE Checking | ||
| OTHER TIERS: 0.15% → $10k - $25k | |||||
| 0.10%* | $7,500* | - | HSA Share Draft Checking | ||
| OTHER TIERS: 0.03% → $1k - $7,500 | |||||
| 0.10%* | $7,500* | - | Share Draft Checking | ||
| OTHER TIERS: 0.03% → $1k - $7,500 | |||||
General Electric Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50% | $500 | - | 5-Year Share Certificate | |
| 1.70% | $2k | - | 3-Year HSA Certificate | |
| 1.60% | $500 | - | 30-Month Share Certificate | |
| 1.55% | $100k | - | 1-Year Jumbo Share Certificate | |
| 1.50% | $500 | - | 2-Year Share Certificate | |
| 1.50% | $2k | - | 2-Year HSA Certificate | |
| 1.40% | $500 | - | 18-Month Share Certificate | |
| 1.40% | $1k | - | 18-Month HSA Certificate | |
| 1.20% | $500 | - | 1-Year Share Certificate | |
| 1.20% | $500 | - | 1-Year HSA Certificate | |
| 0.85% | $500 | - | 182-Day Share Certificate |
General Electric Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50% | $500 | - | 5 Year IRA | |
| 1.70% | $500 | - | 3-Year IRA | |
| 1.55% | $100k | - | 1-Year Jumbo IRA | |
| 1.50% | $500 | - | 2-Year IRA | |
| 1.40% | $500 | - | 18-Month IRA | |
| 1.20% | $500 | - | 1-Year IRA |
General Electric Credit Union has 12 locations. Click to view all General Electric Credit Union locations.