GenFed Financial
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 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.
See current membership details
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 97106 |
| Year Chartered | 1937 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 3.07% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $238.1MM$233.3MM |
| Loans | Q2 2018vs Q2 2017 | $151.8MM$156.6MM |
| Deposits | Q2 2018vs Q2 2017 | $198.7MM$195.7MM |
| Equity Capital | Q2 2018vs Q2 2017 | $36.2MM$35.6MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $671.00K$729.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $596.00K$959.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates for GenFed Financial are currently being reviewed.
Sorry, but we do not have location data for GenFed Financial. Its headquarters is located at 2492 Wedgewood Drive,Suite B - Akron, OH 44312