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Genfed Financial Credit Union Share
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Overview Share
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Genfed Financial Credit Union is a non-federally insured state credit union based in Akron, Ohio. It has been opened since 1937, for 85 years.

With around $237,060,000 in assets, Genfed Financial Credit Union is considered to be a very large credit union. It has 12 branches and 10 ATM locations.

About Share
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Address 2492 Wedgewood Dr, Suite G.
Akron, Ohio 44312
Website http://www.genfed.com
Phone (330) 734-0225
Fax (330) 733-0042
CEO Michael W. Doran
President of the Board Nancy Kroh
Services Offered
Score Card Share
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85 years
Years in business
Opened in 1937
Well Capitalized
Net worth classification
Source: NCUA
22,701 members
Membership type: State chartered natural person credit union
Above average number of members
291:1
Credit union member to staff ratio
291 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$237,055,096
Total assets
Above average
12 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
16.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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12 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
Genfed Financial Credit Union Branch Locations

Genfed Financial Credit Union: Akron Office
2492 Wedgewood Drive Suite B.
Akron, Ohio 44312
ATM Available
Genfed Financial Credit Union: Centralia Office
903 S. Elm Street
Centralia, Illinois 62801
ATM Available
Genfed Financial Credit Union: Wadsworth North Office
157 Great Oaks Trl
Wadsworth, Ohio 44281
ATM Available
Genfed Financial Credit Union: Shelbyville Office
1648 North Michigan Road
Shelbyville, Indiana 46176
ATM Available
Genfed Financial Credit Union: Mount Vernon Office
800 S. 42nd Street
Mount Vernon, Illinois 62864
ATM Available
Genfed Financial Credit Union: Fairlawn Office
2855 W. Market Street
Suite 109
Fairlawn, Ohio 44333
ATM Available
Genfed Financial Credit Union: Bryan Office
121 S. Union Street
Bryan, Ohio 43506
ATM Available
Genfed Financial Credit Union: Sheffield Lake Office
5382 E. Lake Road
Sheffield Lake, Ohio 44054
No ATM
Genfed Financial Credit Union: Wadsworth South Office
248 S. Lyman Street
Wadsworth, Ohio 44281
ATM Available
Genfed Financial Credit Union: Corporate Office
2492 Wedgewood Drive Suite G.
Suite G.
Akron, Ohio 44312
No ATM
Genfed Financial Credit Union: Antwerp
5350 County Road 424
Antwerp, Ohio 45813
ATM Available
Members Share
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22,701 members
Membership type: State chartered natural person credit union
Above average number of members

With 22,701 members, the Genfed Financial Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 84% of credit unions.

Fees Share
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$114
Average fee per member
The average fee per member at the Genfed Financial Credit Union is $114, which is very high compared to most credit unions. This rate is higher than 89% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Genfed Financial Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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291:1
Credit union member to staff ratio
291 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
78 staff members
FTE (full-time equivalent)
16% of employees are part-time
71 full-time, 14 part-time

Genfed Financial Credit Union has 71 full-time staff members and 14 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 84% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Genfed Financial Credit Union has around 291 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$237,055,096
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
16.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$11,956
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 64% of credit unions.

Genfed Financial Credit Union holds a total of $154,360,000 in loans and leases, which is about $11,956 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Genfed Financial Credit Union pays 0.10%.

Loan rates Share
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16.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
14.33%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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6.49%
New car loan rate
Compared to 4.0% nationally
6.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.99%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
4.91%
Other real estate loan rates
Compared to 0.9% nationally

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Similar Credit Unions to Genfed Financial Credit Union

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Genfed Financial Credit Union: Mount Vernon Office
Credit Union Branch: 800 S. 42nd Street
Mount Vernon, Illinois 62864 ATM Available
Genfed Financial Credit Union: Sheffield Lake Office
Credit Union Branch: 5382 E. Lake Road
Sheffield Lake, Ohio 44054 No ATM
Genfed Financial Credit Union: Fairlawn Office
Credit Union Branch: 2855 W. Market Street
Suite 109
Fairlawn, Ohio 44333 ATM Available
Genfed Financial Credit Union: Bryan Office
Credit Union Branch: 121 S. Union Street
Bryan, Ohio 43506 ATM Available
Genfed Financial Credit Union: Lorain Office - Baumhart Road
Credit Union Branch: 5730 Baumhart Road
Lorain, Ohio 44053 No ATM
Genfed Financial Credit Union: Shelbyville Office
Credit Union Branch: 1648 North Michigan Road
Shelbyville, Indiana 46176 ATM Available
Genfed Financial Credit Union: Centralia Office
Credit Union Branch: 903 S. Elm Street
Centralia, Illinois 62801 ATM Available
Genfed Financial Credit Union: Antwerp
Credit Union Branch: 5350 County Road 424
Antwerp, Ohio 45813 ATM Available
Genfed Financial Credit Union: Wadsworth North Office
Credit Union Branch: 157 Great Oaks Trl
Wadsworth, Ohio 44281 ATM Available
Genfed Financial Credit Union: Akron Office
Credit Union Branch: 2492 Wedgewood Drive Suite B.
Akron, Ohio 44312 ATM Available