General Electric Credit Union

Overview / Commentary
10485 Reading Rd
Cincinnati, OH 45241

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

Related Posts

General Electric Credit Union 5-Year CD Now Earns 4.00% APY - 9/26/2022

General Electric Credit Union (OH/KY/IN) 5-year Certificate is a rate leader, following a recent 50 bps increase. Rates are accurate as of 9/26/2022.

General Electric Credit Union Offers Rate-Leading 3-Year CD - 7/14/2022

General Electric Credit Union (OH/KY/IN) has more than doubled the rate on its 3-year Certificate, making it a 3-year CD rate leader. Minimum opening deposit is $500.

View all posts from:

Great Customer Service At GECU

Posted by: |

You can always count on the best customer service from this credit union.

Overall Positive

My experiences have been positive.
Service level varies depending on the experience of CSR.
Always a good idea to ask lots of questions and think about them prior to speaking with CSR.
I had to train one teller on one specific point about CDs.
CD rates are competitive.
Cash Back Credit Card according to website at:

Absolutely Terrible Customer Service

Posted by: |

I don't normally write business reviews but with the experiences I've had with General Electric Credit Union's customer service, I felt compelled.

First , I should say that they have provided me with the lowest car loan payment rates the last two times I purchased a car . Unfortunately, that is the only positive thing I can say for them .

I have had multiple issues with logging into my online bill pay . This forced me to have to call them directly. Each time I have to call them I dread it ! I have learned that It is best to wait for a time to call when I have absolutely nothing else to do that day, since I am on hold a minimum of 10 minutes. One time I hung up at the 20 minute marker . Once they do answer, I usually end up with some very unfriendly representatives , which is exactly what you want to deal with after being on hold that long . I believe I had one that was polite once ( out of at least 8 I spoke with ).

All in all the rates are good but they need to work really hard on improving their customer service . It's bad enough that this will be the last time we use them.

Awful Bank To Use

Posted by: |

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.



Health Grade Components

NCUA #68574
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD12.9%
Annual Interest Income$99.9MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$4.62B$3.87B
LoansQ3 2022vs Q3 2021$3.64B$2.88B
DepositsQ3 2022vs Q3 2021$4.03B$3.23B
Equity CapitalQ3 2022vs Q3 2021$306.8MM$330.6MM
Loan Loss AllowanceQ3 2022vs Q3 2021$29.3MM$26.0MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$13.7MM$7.9MM
Real Estate OwnedQ3 2022vs Q3 2021$0$2.2MM
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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

0.10%$1k-HSA Checking
0.05%$5-Share Savings
0.05%$5-IRA Share Savings
0.05%$5-Christmas Club
0.05%$5-Vacation Club
0.05%$5-Business Savings

General Electric Credit Union Money Market Rates

2.63%--Thrive Money Market
2.63%--IRA Money Market
2.63%--Business Advantage Money Market

General Electric Credit Union Checking Account Rates

2.63%--Business IOLTA
1.65%*$1m*-Amplified High-Yield Checking
OTHER TIERS: 0.80% Up to $1.5k | 0.95% $1.5k - $50k | 1.30% $50k - $250k | 1.60% $250k - $1m
0.25%*$25k*-Premier Business Checking
OTHER TIERS: 0.10% $10k - $25k
0.10%*$5k*-Choice Checking
OTHER TIERS: 0.05% Up to $5k

General Electric Credit Union CD Rates

4.60%$250k-2 Year Jumbo Plus Share Certificate
4.60%$250k-Business 2 Year Jumbo Plus Share Certificate
4.40%$100k-2 Year Jumbo Share Certificate
4.40%$100k-Business 2 Year Jumbo Share Certificate
4.40%$250k-1 Year Jumbo Plus Share Certificate
4.40%$250k-Business 1 Year Jumbo Plus Share Certificate
4.35%--5 Year Share Certificate
4.35%--Business 5 Year Share Certificate
4.30%--3 Year HSA Certificate
4.30%--3 Year Share Certificate
4.30%--Business 3 Year Share Certificate
4.26%--2 Year Share Certificate
4.26%--2 Year HSA Certificate
4.26%--Business 2 Year Share Certificate
4.21%--18 Month Share Certificate
4.21%--18 Month HSA Certificate
4.21%--Business 18 Month Share Certificate
4.20%$100k-1 Year Jumbo Share Certificate
4.20%--5 Year Bump Certificate
4.20%--Business 5 Year Bump Certificate
4.20%$100k-Business 1 Year Jumbo Share Certificate
4.01%--1 Year Share Certificate
4.01%--1 Year HSA Certificate
4.01%--Business 1 Year Share Certificate
4.00%--3 Year Bump Certificate
4.00%--3 Year HSA Bump Certificate
4.00%--Business 3 Year Bump Certificate
3.30%--9 Month Share Certificate
3.30%--9 Month HSA Certificate
3.30%--Business 9 Month Share Certificate
3.25%--6 Month Share Certificate
3.25%--6 Month HSA Certificate
3.25%--Business 6 Month Share Certificate
3.20%--11 Month No Penalty Share Certificate
3.20%--Business 11 Month No Penalty Share Certificate
2.25%--3 Month Share Certificate
2.25%--3 Month HSA Certificate
2.25%--Business 3 Month Share Certificate

General Electric Credit Union IRA Rates

4.60%$250k-2 Year Jumbo Plus IRA
4.40%$100k-2 Year Jumbo IRA
4.40%$250k-1 Year Jumbo Plus IRA
4.35%--5 Year IRA
4.30%--3 Year IRA
4.26%--2 Year IRA
4.21%--18 Month IRA
4.20%$100k-1 Year Jumbo IRA
4.20%--5 Year Bump IRA
4.01%--1 Year IRA
4.00%--3 Year Bump IRA
3.30%--9 Month IRA
3.25%--6 Month IRA
2.25%--3 Month IRA


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