GenFed Financial is headquartered in Akron and is the 28th largest credit union in the state of Ohio. It is also the 887th largest credit union in the nation. It was established in 1937 and as of June of 2016, it had grown to 60 employees and 24,562 members at 13 locations. GenFed Financial has an A health rating.
GenFed Financial Credit Union of Ohio is open to the residents, church members, registered students, community volunteers, and the people that maintain employment within the qualified locations of Ohio, Illinois, and Indiana that are listed on the credit union website along with the employees of the partner companies and employee groups that are listed on the credit union website.
See current membership details
|Return on Assets - YTD||0.17%|
|Return on Equity - YTD||1.15%|
|Annual Interest Income||$3.7MM|
|Assets and Liabilities|
|Assets||Q2 2016vs Q2 2015||$233.8MM$224.9MM|
|Loans||Q2 2016vs Q2 2015||$164.5MM$169.4MM|
|Deposits||Q2 2016vs Q2 2015||$193.6MM$184.5MM|
|Equity Capital||Q2 2016vs Q2 2015||$34.8MM$34.8MM|
|Loan Loss Allowance||Q2 2016vs Q2 2015||$723.00K$535.00K|
|Unbacked Noncurrent Loans||Q2 2016vs Q2 2015||$1.6MM$973.00K|
|Real Estate Owned||Q2 2016vs Q2 2015||$0$50.00K|
Rates for GenFed Financial are currently being reviewed.