Generations Federal Credit Union is headquartered in San Antonio and is the 48th largest credit union in the state of Texas. It is also the 562nd largest credit union in the nation. It was established in 1940 and as of June of 2019, it had grown to 211 employees and 49,422 members at 14 locations. Generations Federal Credit Union has a B+ health rating.
Membership in Generations Federal Credit Union is open to anyone who lives, works, worships, volunteers, attends school, or owns a business in the Texas counties of Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, and/or Wilson. In addition, immediate family members of current GFCU members are also eligible for membership.
See current membership details
I remember when I was with Generations Federal Credit Union. I had never worked with a credit union before as opposed to a traditional bank so I didn't know what to expect. For one, the customer service is excellent. It's a cut above regular banks. Everyone from customer service representatives on the phone to the tellers in the bank lobby and drive thru are extremely helpful. Credit Unions also offer a variety of different options for how you would like your money deposited, as well as fees that are affordable and fit my budget. I'd heard about Generations from my best friend who was using them at the time and she raved about them. Since I was already dissatisfied with my then bank Wells Fargo, I decided to give Generations a try. It was well worth the plunge and I would and have recommended them to anyone looking to change their bank and have a new experience and a wider base of options where their finances are concerned.
|Return on Assets - YTD||0.26%|
|Return on Equity - YTD||2.65%|
|Annual Interest Income||$11.2MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$515.2MM$524.3MM|
|Loans||Q2 2019vs Q2 2018||$365.9MM$372.8MM|
|Deposits||Q2 2019vs Q2 2018||$454.3MM$465.7MM|
|Equity Capital||Q2 2019vs Q2 2018||$49.4MM$48.5MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$4.0MM$4.7MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$2.6MM$3.3MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$0$17.00K|
Rates for Generations Federal Credit Union are currently being reviewed.