Genisys Credit Union is headquartered in Auburn Hills and is the 5th largest credit union in the state of Michigan. It is also the 97th largest credit union in the nation. It was established in 1964 and as of March of 2019, it had grown to 445 employees and 214,216 members at 31 locations. Genisys Credit Union's money market rates are 5X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Genisys Credit Union is open to the following: (1) those who live, work, attend school or worhsip in the state of Michigan; (2) those who live, work, attend school or worship in Ramsey, Dakota, Anoka, Hennepin, Scott and Washington Counties in Minnesota; (3) those who live, work, attend school or worship in Montgomery County in Pennsylvania; (4) immediate family of those eligible to join.
See current membership details
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Experiences at Genisys Credit Union
We really love Genisys Credit Union. We are in an area that has many of them nearby, which makes it easy to cash checks, and bank. They also allow the use of any credit union ATM for withdrawing funds without getting big charges to do so. We have always appreciated that they know our names, and have spent much time getting things just right for us. Every single associate we have dealt with has been very kind and courteous as well as going the extra lengths required to help us with different problems. Their over draft charges aren't as much a most other banks, and if you make an accidental overdraft they will take it off as long as you pay in the next few days. They have great loan rates and have helped us to improve our credit also. I use the online banking often, and it is very secure and makes me feel at ease. It is also very easy to pay bills and move money between accounts. We always appreciate our time there, and over the phone, as they are very easy to talk to and have very good customer service.
Personal Attention
My wife and I have been thinking of making a bank change for some time and considering numerous local banks. We've walked into a few, called on a few, and checked reviews on some banks. Only to figure out the bank for us was right in front of us. So we set up an appointment with Lynn to talk about banking options. We can honestly say we were blown away with the Customer Service we received from Lynn Middleton. She listened to all of our needs and was able to find a program for our situation at a GREAT rate! I would highly recommend Lynn to any of my close friends and family!
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.
Shareholder
My first and only Credit Union. Love them since the 80's when I think I joined it. I think their website is great and the recent bill payer change was seamless. Very professional outfit. I didn't know they were in the top 200 but I am not surprised.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68536 |
| Year Chartered | 1964 |
| Employees | 445 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.89% |
| Return on Equity - YTD | 11.83% |
| Annual Interest Income | $25.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $2.72B$2.45B |
| Loans | Q1 2019vs Q1 2018 | $1.82B$1.55B |
| Deposits | Q1 2019vs Q1 2018 | $2.24B$2.05B |
| Equity Capital | Q1 2019vs Q1 2018 | $422.3MM$367.9MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $22.1MM$23.1MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $8.3MM$7.3MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $127.00K$333.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
