Genisys Credit Union is headquartered in Auburn Hills and is the 4th largest credit union in the state of Michigan. It is also the 85th largest credit union in the nation. It was established in 1964 and as of June of 2022, it had grown to 437 employees and 261,705 members at 32 locations. Genisys Credit Union's CD rates are 3X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Genisys Credit Union is open to those who live, work, worship, or attend school anywhere in the state of Michigan, the Minnesota counties of Anoka, Dakota, Hennepin, Ramsey, Scott, or Washington, or Montgomery County, Pennsylvania. Immediate family and household members of current Genisys Credit Union members are also eligible to join. If you live outside of the location eligibility or do not qualify based on family eligibility, you can still join by making a contribution to either the Arthritis Foundation or the Paint Creek Center for the Arts.
See current membership details
Related Posts
4/12 - Genisys Credit Union Brings Back Competitive 25-Month CD Special
1/27 - Genisys Credit Union Ups Limited-Time 30-Month CD Special Rate
Great Account
I have had an account with Genisys FCU for the past 14 months and have had no problems. Their rates are excellent and their Genius High Yield Checking account is very hard to beat. I would highly recommend.
They Actually Listened To My Concerns!!
**UPDATE**
Genisys actually listened to my complaints!! They recently added a no fee payment option that comes right out of any checking account. That being said, with their incredibly low rates, no fees to make a payment, and very kind customer service reps, I can now give them 5 stars. I wish the payment option could be saved, that’s the only other issue. But if I don’t have to pay a fee, I’ll take it!!
This was the most ridiculous thing ever... I am already paying interest, but I had no idea a fee would be charged every time I had extra cash to make an additional payment.
My frustration, is your chance to turn around and walk away from this place!
And the app it terrible. So much motivation to pay off and get the heck out of Genisys... I am so upset I would pay another fee just to leave this place.
Fair checking
Genisys is a local credit union and not beholden to the corporate bureaucracy of some of the larger banks. They always seem to have a smile on their faces and are much more likely to have a relationship with their clients. They are local and support our local economy and best of all aren't beholden to some giant firm led by greedy criminals. They have never charged me an undeserved fee and they don't seem to gouge.
My Application To Open IRA CD Was Declined
I'm a 76 year old retiree, have an 800 credit score, and no open loans (other than credit card which I pay in full each month). After reviewing my account application, Genisys declined to open the account. This was a "first ever" for me, and I phoned them to find out the reason. The CSO told me that I would receive a call-back to explain. Genisys did not call me back. I see from the reviews that other Genisys would-be account applicants have been treated with similar disregard. I do not recommend this financial institution.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68536 |
| Year Chartered | 1964 |
| Employees | 437 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.91% |
| Return on Equity - YTD | 14.16% |
| Annual Interest Income | $64.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $4.26B$3.82B |
| Loans | Q2 2022vs Q2 2021 | $2.99B$2.43B |
| Deposits | Q2 2022vs Q2 2021 | $3.61B$3.22B |
| Equity Capital | Q2 2022vs Q2 2021 | $564.7MM$565.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $35.5MM$38.1MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $7.1MM$5.5MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$129.00K |
