GenFed Financial


Overview / Commentary
330-784-5451
2492 Wedgewood Drive,Suite B
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 943rd largest credit union in the nation. It was established in 1937 and as of March of 2020, it had grown to 71 employees and 23,085 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

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Health
A+

Health Grade Components

Overall
NCUA #97106
Year Chartered1937
Employees71
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.13%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$256.0MM$242.9MM
LoansQ1 2020vs Q1 2019$164.6MM$155.6MM
DepositsQ1 2020vs Q1 2019$216.4MM$202.7MM
Equity CapitalQ1 2020vs Q1 2019$38.0MM$36.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$603.00K$615.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$385.00K$431.00K
Real Estate OwnedQ1 2020vs Q1 2019$210.00K$0
Rates

Rates for GenFed Financial are currently being reviewed.

Locations

Sorry, but we do not have location data for GenFed Financial. Its headquarters is located at 2492 Wedgewood Drive,Suite B - Akron, OH 44312

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