Genisys Credit Union is headquartered in Auburn Hills and is the 4th largest credit union in the state of Michigan. It is also the 87th largest credit union in the nation. It was established in 1964 and as of December of 2021, it had grown to 450 employees and 249,535 members at 32 locations. Genisys Credit Union's money market rates are 70% higher than 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
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.
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.
Quickest Closed Account Ever
I dutifully went through the extensive online application process which included information pulled from my credit file. I then funded the account from an external bank. The deposit posted and all looked good. Within 12 hours of this, I received a message from a CSR that my account had been closed. No explanation as to why. I suggest you avoid the waste of time in applying here.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68536 |
| Year Chartered | 1964 |
| Employees | 450 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.09% |
| Return on Equity - YTD | 13.76% |
| Annual Interest Income | $116.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $4.03B$3.56B |
| Loans | Q4 2021vs Q4 2020 | $2.59B$2.25B |
| Deposits | Q4 2021vs Q4 2020 | $3.39B$2.98B |
| Equity Capital | Q4 2021vs Q4 2020 | $601.2MM$536.9MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $32.1MM$36.8MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $9.5MM$8.7MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $224.00K$129.00K |
