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 individuals who live, work, worship, or attend school in the Ohio counties Adams, Brown, Butler, Champaign, Clark, Clermont, Clinton, Darke, Delaware, Fayette, Franklin, Greene, Hamilton, Highland, Madison, Miami, Montgomery, Pickaway, Preble, Shelby, and Warren, or the Kentucky counties of Boone, Bourbon, Campbell, Fayette, Grant, Harrison, Kenton, Pendleton, or Scott. Individuals who live or work in the Indiana counties of Dearborn, Franklin, Ohio, Switzerland, or Union also qualify for membership. Employees and retirees of General Electric Company Aircraft Engine Division or General Electric Company in Greater Cincinnati and more than 335 other SEGs are eligible to join. Employees and students (and their family members) of Kings Local Schools, Loveland City Schools, and Mason City Schools are welcome to apply, as are parishioners of All Saints Church, Assumption Catholic Parish, Crestview Presbyterian Church, Forest Chapel United Methodist Church, Glen Este Church of Christ, North Cincinnati Community Church, Sharonville United Methodist Church, St. Michael's Church, or True Holiness Covenant of the Peace Woodlawn Assembly.
See current membership details
Great Customer Service At GECU
You can always count on the best customer service from this credit union.
Incrdeibly Cruel
Incredibly cruel—they refused to honor checks written by me, her daughter, on my mother's account while she was hospitalized and unable to write, despite my having her Durable Power of Attorney. Now that she has passed, even though the checks predate her death and they are in possession of a copy of the DPA, the credit union refuses to honor the checks written before her death.
Increasingly Uncompetitive
Yet another rate cut by GE credit union.
There are now countless CU's (and even banks) with better deposit rates, why would anyone stay with them?
Awful Bank To Use
Though the people you see at the counter are wonderful and I loved this bank, I ended up closing my accounts with them due to the HR and uppers. I had been making payments on a loan for awhile now and had always just left a voicemail stating what loan and how much out of which account with no issues. Well November I did the same thing but no payment taken so I call again still no payment taken. Into January now tried again still no payment taken, finally Julia calls me to say they put my accounts on hold since I was behind even though I had authorized payment over the last 3 months and they were taking every penny I had in my savings account. They had no regard that I had tried to make the payment but they failed on their end to accept. I explained the situation to them and they said I should’ve kept calling even though I thought that’s what a voicemail was for to leave information so the person could call you back. All in all I will never bank with GECU again and my family members are closing their accounts after what this bank did.
Awful Website And Communication
My car loan is through GECU, sadly. The website is absolutely awful and because you can't pay the car loan any other way except another GECU account, I have to first move money from my main checking at another bank into a GECU savings account, then move money again to pay off my car loan. I set everything up to auto pay and it worked for about 6 months then stopped, unbeknownst to me. I only knew when I was notified that my credit rating dropped by 60 points because they thought i'd defaulted on the loan! GECU says they "attempted to contact me to get payment" which is absolutely false. No emails (except their marketing bs), no phone calls, no letters. My credit rating took a dive because their sh*tty website can't figure out how the internet is supposed to work. I will never get a car loan from them again, and if you do, make sure you babysit the transaction every month because there's a good chance it will just quit working. I wish I could go back in time and pick another lender!
Remember When GE CU Was Actually Competitive?
I don't what happened to this CU. New management? Has it gotten too big to care? It's pretty sad when national banks are outdoing them on interest rates. I remember years ago this CU was great and had competitive rates, now they constantly lag far behind the competition. First they discontinued their phenomenal treasury-matching checking account, now they're not keeping their money market account competitive with others. I guess they just assume people will naively stay with them. Goodbye GE
Amplified Checking Rate No Longer Tied To Treasury
With no warning or notice, the Amplified Checking rate is no longer tied to 1-month treasury yields. Rate has been stuck at ~1%, it should be 2.5%+ completely uncompetitive and useless now in today's rate environment.
As recently as last year the rate used to be adjusted weekly, with the following terms:
$250,000 - $999,999.99 - Variable based on 1-Month Treasury Bill + .10% (margin)
$1,000,000+ - Variable based on 1-Month Treasury Bill + .35% (margin)
I really enjoyed banking locally with them for years, but I'll be moving elsewhere
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68574 |
| Year Chartered | 1954 |
| Employees | 496 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.07% |
| Return on Equity - YTD | 0.98% |
| Annual Interest Income | $51.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $4.36B$5.03B |
| Loans | Q1 2025vs Q1 2024 | $3.54B$4.02B |
| Deposits | Q1 2025vs Q1 2024 | $3.62B$4.02B |
| Equity Capital | Q1 2025vs Q1 2024 | $298.9MM$303.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $47MM$37.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $22.2MM$18.4MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
