GenFed Financial
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.50% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 2.10% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.10% | Savings | 0.27% - National Average |
GenFed Financial is headquartered in Akron and is the 28th largest credit union in the state of Ohio. It is also the 936th largest credit union in the nation. It was established in 1937 and as of September of 2018, it had grown to 68 employees and 22,976 members. GenFed Financial's money market rates are 3X 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.
See current membership details
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 97106 |
| Year Chartered | 1937 |
| Employees | 68 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 3.02% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $239.0MM$230.0MM |
| Loans | Q3 2018vs Q3 2017 | $153.7MM$154.9MM |
| Deposits | Q3 2018vs Q3 2017 | $194.2MM$191.9MM |
| Equity Capital | Q3 2018vs Q3 2017 | $36.5MM$35.5MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $610.00K$773.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $635.00K$866.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $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 | |
|---|---|---|---|---|---|
| 1.40%* | $75k* | - | Money Market Account | ||
| OTHER TIERS: 1.20% → $2k - $20k | 1.30% → $20k - $75k | |||||
GenFed Financial Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $100 | - | Dividend Checking |
GenFed Financial CD Rates
GenFed Financial IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $1k | - | 60 Month IRA | |
| 2.80% | $1k | - | 48 Month IRA | |
| 2.60% | $1k | - | 36 Month IRA | |
| 2.50% | $1k | - | 30 Month IRA | |
| 2.40% | $1k | - | 24 Month IRA | |
| 2.25% | $1k | - | 18 Month IRA | |
| 2.10% | $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