EIN 34-0729554

Genfed Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
105
City
State
Year formed
1937
Most recent tax filings
2023-12-01
Description
Genfed Financial Credit Union offers member-focused financial services, supports community initiatives, and provides better rates than traditional banks across Ohio, Illinois, and Indiana.
Related structure
Genfed Financial Credit Union is child organization, under the parent exemption from Ohio Chartered Credit Unions.
Total revenues
$17,795,791
2023
Total expenses
$14,254,029
2023
Total assets
$310,371,474
2023
Num. employees
105
2023

Program areas at Genfed Financial Credit Union

Dividends and interest paid to members on approximately 49,292 deposit accounts held by approximately 24,766 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.

Who funds Genfed Financial Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Illinois Prairie Community FoundationCharitable$13,000

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 12/2023
Total grants, contributions, etc.$0
Program services$15,868,612
Investment income and dividends$1,898,078
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-3,941
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$17,795,791

Form 990s for Genfed Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-29990View PDF
2022-122023-11-01990View PDF
2021-122022-11-04990View PDF
2020-122021-11-09990View PDF
2018-122020-01-13990View PDF
...and 7 more Form 990s

Organizations like Genfed Financial Credit Union

OrganizationLocationRevenue
55 Bay Area Credit UnionOregon, OH$4,815,421
Credit Union of OhioHilliard, OH$11,001,955
Community Star Credit UnionElyria, OH$5,385,631
944 Pillar Credit UnionMarion, OH$5,530,548
110 Aurgroup Financial Credit UnionFairfield, OH$9,792,574
718 Atomic Credit UnionPiketon, OH$35,641,688
138 Towpath Credit UnionFairlawn, OH$11,618,297
0220 Abbey Credit UnionVandalia, OH$8,612,501
Buckeye State Credit UnionAkron, OH$10,887,397
907 Associated School Employees Credit UnionYoungstown, OH$6,758,023
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $13,000 from Illinois Prairie Community Foundation
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
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
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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