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GenFed Financial

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.20%5-year CD57 Month Bump-Up Share Certificate - New Money
2.25% - Ally Bank High Yield 5 Year CDAdvertisement
0.40%1-year CD12 Month Share Certificate
1.35% - Ally Bank High Yield 12-Month CDAdvertisement
0.10%SavingsCertificate Savings Club
1.05% - Barclays Online Savings AccountAdvertisement
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Overview / Commentary
www.genfed.com
330-784-5451
2492 Wedgewood Dr Ste G Suite G
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 905th largest credit union in the nation. It was established in 1937 and as of December of 2016, it had grown to 69 employees and 24,625 members at 13 locations. GenFed Financial has an A health rating.

Field of Membership Restrictions

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.
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Health
A

Data as of Q4 2016

Learn why bank health matters

Health Grade Components

Overall
NCUA #68611
Year Chartered1937
Employees69
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.27%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$231.2MM$229.4MM
LoansQ4 2016vs Q4 2015$161.2MM$171.2MM
DepositsQ4 2016vs Q4 2015$193.3MM$188.4MM
Equity CapitalQ4 2016vs Q4 2015$35.1MM$35.1MM
Loan Loss AllowanceQ4 2016vs Q4 2015$842.00K$625.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.2MM$1.3MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$10k*-Health Savings Account
OTHER TIERS: 0.15% → $100 - $2,500 | 0.20% → $2,500 - $10k
0.15%$1k-IRA Accumulator
0.15%$100-Christmas Club
0.15%$1k-Educational IRA Accumulator
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$75k*-Money Market Account
OTHER TIERS: 0.15% → $2k - $20k | 0.20% → $20k - $75k

GenFed Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Dividend Checking

GenFed Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month Share Certificate
1.30%$1k-48 Month Share Certificate
1.20%$1k-57 Month Bump-Up Share Certificate - New Money
1.07%$1k-36 Month Share Certificate
0.90%$1k-30 Month Share Certificate
0.85%$1k-37 Month Bump-Up Share Certificate - New Money
0.75%$1k-24 Month Share Certificate
0.65%$1k-18 Month Share Certificate
0.40%$1k-12 Month Share Certificate
0.35%$1k-9 Month Share Certificate
0.25%$1k-6 Month Share Certificate
0.15%$500-3 Month Youth Share Certificate

GenFed Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month IRA
1.30%$1k-48 Month IRA
1.07%$1k-36 Month IRA
0.90%$1k-30 Month IRA
0.75%$1k-24 Month IRA
0.65%$1k-18 Month IRA
0.40%$1k-12 Month IRA
Locations

GenFed Financial has 13 locations. Click to view all GenFed Financial locations.