Overview / Commentary
2492 Wedgewood Drive,Suite B
Akron, OH 44312

GenFed Financial is headquartered in Akron and is the 29th largest credit union in the state of Ohio. It is also the 941st largest credit union in the nation. It was established in 1937 and as of June of 2018, it had grown to 51 employees and 23,132 members. GenFed Financial's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in GenFed Financial is open to those who live, work, attend school or worship in Cuyahoga, Defiance, Erie, Lorain, Medina, Paulding, Portage, Summit, or Williams Counties in Ohio or in Clinton, Jefferson, or Marion Counties in Illinois. Membership is also available to those who live or work in Shelby County, Indiana.
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Health Grade Components

NCUA #97106
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.07%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$238.1MM$233.3MM
LoansQ2 2018vs Q2 2017$151.8MM$156.6MM
DepositsQ2 2018vs Q2 2017$198.7MM$195.7MM
Equity CapitalQ2 2018vs Q2 2017$36.2MM$35.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$671.00K$729.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$596.00K$959.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GenFed Financial Savings Account Rates

1.25%*$10k*-Health Savings Account
OTHER TIERS: 0.55% $100 - $2.5k | 0.65% $2.5k - $10k
0.20%$100-IRA Accumulator
0.15%$100-Christmas Club
0.10%$100-Traditional Savings Account
0.10%$100-Certificate Savings Club
0.10%$100-All Other Club Accounts
0.10%--Cash Cow Savings Account

GenFed Financial Money Market Rates

1.00%*$75k*-Money Market Account
OTHER TIERS: 0.80% $2k - $20k | 0.90% $20k - $75k

GenFed Financial Checking Account Rates

0.10%$100-Dividend Checking

GenFed Financial CD Rates

2.75%$1k-60 Month Share Certificate
2.50%$1k-48 Month Share Certificate
2.30%$1k-36 Month Share Certificate
2.30%$1k-57 Month Bump-Up Share Certificate - New money only
2.20%$1k-30 Month Share Certificate
2.10%$1k-24 Month Share Certificate
2.05%$1k-37 Month Bump-Up Share Certificate - New money only
1.90%$1k-18 Month Share Certificate
1.70%$1k-12 Month Share Certificate
1.55%$1k-9 Month Share Certificate
1.40%$1k-6 Month Share Certificate
0.75%$500-3 Month Youth Share Certificate

GenFed Financial IRA Rates

2.75%$1k-60 Month IRA
2.50%$1k-48 Month IRA
2.30%$1k-36 Month IRA
2.20%$1k-30 Month IRA
2.10%$1k-24 Month IRA
1.90%$1k-18 Month IRA
1.70%$1k-12 Month IRA

Sorry, but we do not have location data for GenFed Financial. Its headquarters is located at 2492 Wedgewood Drive,Suite B - Akron, OH 44312

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