GenFed Financial is headquartered in Akron and is the 28th largest credit union in the state of Ohio. It is also the 940th largest credit union in the nation. It was established in 1937 and as of June of 2019, it had grown to 72 employees and 22,563 members. GenFed Financial's money market rates are 2X the national average, and it boasts 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.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 97106 |
| Year Chartered | 1937 |
| Employees | 72 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 1.33% |
| Annual Interest Income | $4.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $245.9MM$238.1MM |
| Loans | Q2 2019vs Q2 2018 | $159.1MM$151.8MM |
| Deposits | Q2 2019vs Q2 2018 | $205.4MM$198.7MM |
| Equity Capital | Q2 2019vs Q2 2018 | $37.1MM$36.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $602.00K$671.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $592.00K$596.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not GenFed Financial; 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.
GenFed Financial Savings Account Rates
GenFed Financial Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.06%* | $75k* | - | Money Market Account | ||
| OTHER TIERS: 0.85% → $2k - $20k | 0.95% → $20k - $75k | |||||
GenFed Financial Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $1.5k* | - | Premier Interest Checking | ||
| OTHER TIERS: 0.05% → Up to $1.5k | |||||
| 0.05% | $1.5k | - | Business Interest Checking | ||
| 0.05% | - | - | 50+ Interest Checking | ||
| 0.05% | - | - | eInterest Plus Checking | ||
GenFed Financial CD Rates
GenFed Financial IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $1k | - | 60 Month IRA | |
| 2.00% | $1k | - | 48 Month IRA | |
| 1.85% | $1k | - | 36 Month IRA | |
| 1.80% | $1k | - | 30 Month IRA | |
| 1.70% | $1k | - | 18 Month IRA | |
| 1.70% | $1k | - | 24 Month IRA | |
| 1.60% | $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