Genco Federal Credit Union

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A short history of Genco FCU

Since its inception in 1953 the Genco Federal Credit Union has been serving its members in the Waco, Texas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Neil Ling, the Genco FCU has grown its membership to over 37,052 with assets of more than $288,890,832. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (254) 776-9550 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Waco, TX.

General Information For Genco FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 8585
Address P. O. Box 7246 
City Waco 
State Texas 
Zip-Code 76714
Phone Number (254) 776-9550
Fax Number (254) 776-4633
Email Address:
CEO/President Neil Ling
Members 37,052 
Full-Time Employees 89 
Part-Time Employees 11 
Number of Branch Offices
Total Assets 288,890,832 

Compare Genco Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Highway District 9 CU Highway District 9 Credit Union 2417 Columbus Ave 76701 (254) 756-6331 No 0.57
Mclennan County Employees CU Corporate Office 215 N 5th St Ste 224 76701 (254) 757-5015 No 0.97
Waco CU Main 826 N 3rd St 76703 (254) 753-0361 No 1.15
1st University CU Aramark Management Offices 2100 River St 76703 (254) 710-1414 No 1.44
Members Choice Of Central Texas CU Northside Branch 845 New Dallas Hwy 76705 (254) 867-1250 No 2.52

Genco Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Genco Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.90 4.25 4.40 5.85 6.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 311 251 359 341
Rank Among All Texas Credit Unions 50 117 92 106 81

Genco Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.35 0.45 0.60 0.51
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 95 81 69 240 226
Rank Among All Texas Credit Unions 20 27 13 81 58
Genco Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9003,1182,258,787
All Other Unsecured Loans/Lines of Credit 14.9504,6846,850,492
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.2502,03749,788,900
Used Vehicle Loans 4.4007,147101,258,809
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.85041920,942,942
Total Other Real Estate Loans/Lines of Credit 6.00033916,992
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.9006024,382,804
TOTAL LOANS & LEASES 18,040186,399,726

Genco Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 1108,716,5037918,148
    b. 15 Years or less 2909,388,03120972,848
    a. > 15 years 1444,50400
    b. 15 Years or less 31,743,87000
Other Fixed Rate 15650,03400
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 33916,992110,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 45221,859,934281,900,996


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Genco Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes