Genfed Financial Credit Union

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A short history of Genfed Financial CU

Since its inception in 1937 the Genfed Financial Credit Union has been serving its members in the Akron, Ohio 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 Joyce Jones, the Genfed Financial CU has grown its membership to over 24,045 with assets of more than $233,346,587. They have a main office and 12 branch offices. Please see the credit unions website or contact them by phone at (330) 734-0225 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Akron, OH.

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

Charter Number 97106
Address 2492 Wedgewood Dr, Suite G 
City Akron 
State Ohio 
Zip-Code 44312
Phone Number (330) 734-0225
Fax Number (330) 733-0042
Email Address: ----
CEO/President Joyce Jones
Members 24,045 
Full-Time Employees 74 
Part-Time Employees 10 
Number of Branch Offices 12 
Total Assets 233,346,587 

Compare Genfed Financial Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Akron Firefighters' CU Akron Firefighters Credit Union 161 Massillon Rd 44312 (330) 798-1994 No 3.13
Goodyear Employees CU Goodyear Employees 501 Kelly Ave 44306 (330) 724-9391 No 3.20
Firestone CU Brook Park 6275 Eastland Rd 44142 (330) 362-3633 No 4.33
Buckeye State CU Canton 4100 Munson St NW 44735 (330) 492-5700 No 5.31
Summit CU Akron Office 100 Wheeler St 44309 (330) 376-3626 No 5.60

Genfed Financial Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Genfed Financial 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 12.96 5.74 6.24 4.74 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 456 468 467 237 132
Rank Among All Ohio Credit Unions 83 122 111 65 21

Genfed Financial Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.15 0.40 0.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 124 284 243
Rank Among All Ohio Credit Unions N/A 22 34 83 61
Genfed Financial Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9603,3545,025,514
All Other Unsecured Loans/Lines of Credit 14.3302,1552,100,715
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.7401,34721,415,718
Used Vehicle Loans 6.2403,75832,532,663
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.7401,12572,408,122
Total Other Real Estate Loans/Lines of Credit 4.25052913,742,689
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.2408099,374,133
TOTAL LOANS & LEASES 13,077156,599,554

Genfed Financial 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 45539,863,0645556,600
    b. 15 Years or less 63031,611,57815892,800
    a. > 15 years 0000
    b. 15 Years or less 18434,44000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 22499,040133,700


Closed-End Fixed Rate 16278,86700
Closed-End Adjustable Rate 140,93400
Open-End Adjustable Rate 51213,422,8884772,551,152
Open-End Fixed Rate 0000
TOTALS 1,65486,150,8114984,034,252


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

Genfed Financial Credit Union Member Offerings
First Time Homebuyer Program Yes
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