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EIN 34-0729554

Genfed Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
104
City
Akron
State
Ohio
Year formed
1937
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Genfed Financial Credit Union provides lending, savings, and other financial services to its members at terms generally better than available in the marketplace and with a service-based emphasis that recognizes the members' status as owners. The credit union incurs direct labor and employee benefit costs providing savings deposit services, originates new loans, and services the loan portfolio for its members. Additionally, it pays dividends and interest to members on approximately 57,917 deposit accounts held by approximately 25,227 members.
Related structure
Genfed Financial Credit Union is child organization, under the parent exemption from Ohio Chartered Credit Unions.
Total revenues
$14,549,021
2022
Total expenses
$12,585,364
2022
Total assets
$304,479,804
2022
Num. employees
104
2022

Program areas at Genfed Financial Credit Union

Dividends and interest paid to members on approximately 48,189 deposit accounts held by approximately 24,552 members.
Other program services
Direct labor and employee benefit costs incurred providing savings deposit services, originating new loans and servicing the loan portfolio for members.

Personnel at Genfed Financial Credit Union

NameTitleCompensation
Richard ToddVice President , Chief Operating Officer / Vice President Chief Operating Officer$114,556
Christy YoungSenior Vice President , Chief Financial Officer / Senior Vice President Chief Financial Officer$139,885
Kimberly PallasVice President , Chief Marketing Officer / Vice President Chief Marketing Officer$103,359
Greg AtheyVice President , Chief Information Officer / Vice President Chief Information Officer$128,090
Julia TimbrookVice President of Human Resources$93,097
...and 15 more key personnel

Financials for Genfed Financial Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$12,886,481
Investment income and dividends$1,521,493
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$108,005
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$33,042
Total revenues$14,549,021

Form 990s for Genfed Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-01990View PDF
2021-122022-11-04990View PDF
2020-122021-11-09990View PDF
2018-122020-01-13990View PDF
2017-122019-02-21990View PDF
...and 6 more Form 990s

Organizations like Genfed Financial Credit Union

OrganizationLocationRevenue
Chaco Credit Union - 239Hamilton, OH$9,480,607
Impact Credit UnionClyde, OH$8,485,851
1381 River Valley Credit UnionMiamisburg, OH$19,820,493
Kemba Credit UnionWest Chester, OH$66,359,307
Daymet Credit UnionDayton, OH$5,514,846
55 Bay Area Credit UnionOregon, OH$3,651,914
1307 Day Air Credit UnionKettering, OH$34,112,228
Firefighters Community Credit Union (FCCU)Cleveland, OH$14,606,591
Bridge Credit UnionPowell, OH$8,389,453
1377 Eaton Family Credit Union - 1377Euclid, OH$3,888,337
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 29, 2023
Updated personnel
Identified 1 new personnel
June 2, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
2492 Wedgewood Dr
Akron, OH 44312
Metro area
Akron, OH
County
Summit County, OH
Website URL
genfed.com/ 
Phone
(330) 780-2403
Facebook page
genfedfinancial 
Twitter profile
@genfedfinancial 
IRS details
EIN
34-0729554
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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