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Overview / Commentary
330-784-5451
2492 Wedgewood Dr Ste G Suite G
Akron, OH 44312

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.

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

Health Grade Components

Overall
NCUA #68611
Year Chartered1937
Employees60
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.15%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$233.8MM$224.9MM
LoansQ2 2016vs Q2 2015$164.5MM$169.4MM
DepositsQ2 2016vs Q2 2015$193.6MM$184.5MM
Equity CapitalQ2 2016vs Q2 2015$34.8MM$34.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$723.00K$535.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.6MM$973.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$50.00K
Rates

Rates for GenFed Financial are currently being reviewed.

Locations

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