Credit union · Privately insured
GenFed Credit Union
A $332.3M credit union headquartered in Akron, OH, with 24,137 members and 9 branches in 3 states. Best rates: CDs 4.50% and savings 0.25% APY.
GenFed Credit Union Carrot Score
79
Carrot Score
Higher than 50% of U.S. banks and credit unions
#24 of 60 in Cleveland, OH metroHow the score works →
Deposits are privately insured, not by the federal government.
About GenFed Credit Union
GenFed Financial Credit Union is a member-owned financial institution operating nine staffed branches across communities in Ohio, Illinois, and Indiana.
- Headquarters
- 2492 Wedgewood Dr Ste G, Suite G, Akron, OH 44312
- NCUA charter
- 97106
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who reside, work, attend school, volunteer, or worship in Marion, Jefferson, or Clinton County, Illinois are eligible for membership.
- Individuals who reside or work in Shelby County, Indiana are eligible for membership.
- Individuals who reside, work, attend school, volunteer, or worship in Lorain, Summit, Erie, Medina, Williams, or Paulding County, Ohio are eligible for membership.
- Individuals who reside, work, attend school, or worship in Cuyahoga, Portage, or Defiance County, Ohio are eligible for membership.
Employers and groups
- Employees of qualifying select employee groups are eligible for membership.
Family and household
- Immediate family members of a GenFed member—including a spouse, child, sibling, parent, grandparent, or grandchild (including step and adopted relationships)—are eligible for membership.
1 more way to join
Family and household
- Individuals living at the same residence as a GenFed member and maintaining a single economic unit qualify for membership.
Cost to join
- Membership requires a $5 opening deposit into a Traditional Savings account, which GenFed provides at no cost to the joining member.
Branches
9 branches in 3 states
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Ohio
6 branches
Cleveland area · 3
- Lorain Office - Oberlin Ave5320 Oberlin Ave, Lorain, OH 44053Directions
- Sheffield Lake Office5382 E Lake Rd, Sheffield Lake, OH 44054Directions
- Wadsworth North Office157 Great Oaks Trl, Wadsworth, OH 44281Directions
Akron area · 1
- Akron Office2492 Wedgewood Dr Ste B, Akron, OH 44312Directions
Antwerp area · 1
- Antwerp5350 County Road 424, Antwerp, OH 45813Directions
Bryan area · 1
- Bryan Office121 S Union St, Bryan, OH 43506Directions
Illinois
2 branches
Centralia area · 1
- Centralia Office903 S Elm St, Centralia, IL 62801Directions
Mount Vernon area · 1
- Mt Vernon Office800 S 42nd St, Mount Vernon, IL 62864Directions
Indiana
1 branch
- Shelbyville Office709 E State Road 44, Shelbyville, IN 46176Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.78% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.38% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.20% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $73 | $76 | — |
- CapitalNet worth ratio16.78%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.38%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.20%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$73Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of GenFed Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.