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Filing year 2024

GENFED FINANCIAL CREDIT UNION INC

Akron, Ohio·EIN 34-0729554·501(c)(14)
Total revenue
$20.7M
Total assets
$315.7M
Total expenses
$18M
Reported officers
20
Mission

TO PROVIDE 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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President, C
Above 90th percentile
$518k
$557k
Base
$355k
Bonus
$66k
Other
Benefits
$10k
Svp, CFO
Median to 75th percentile
$164k
$176k
Base
$139k
Bonus
$16k
Other
Benefits
$7k
Vp, CIO
Chief Information Officer
25th percentile to median
$153k
$165k
Base
$127k
Bonus
$20k
Other
Benefits
$5k
Vp, COO
Median to 75th percentile
$145k
$156k
VP Branch Op
Vice President
Median to 75th percentile
$132k
$142k
VP of HR
Vice President
Median to 75th percentile
$129k
$138k
Vp, CMO
Vice President
Median to 75th percentile
$121k
$131k
AVP of IT
Officer (Unspecified)
$119k
$128k
VP Lending
Vice President
Median to 75th percentile
$114k
$122k
VP Member Ex
Vice President
Median to 75th percentile
$113k
$122k
AVP of Marke
Officer (Unspecified)
$87k
$94k
AVP of Colle
Officer (Unspecified)
$76k
$82k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Up 9%
from 2023

From $475k in 2023 to $518k in 2024.

$475k
2023
$518k
2024
In today's dollarsEst.
Up 6% in real terms$525k to $557k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue rose 16%.

$475k in 2023 to $518k in 2024.
  • Chief Financial Officer pay fell 3% from 2023 to 2024.
  • Chief Information Officer pay fell 2% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GENFED FINANCIAL CREDIT UNION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$17.8M
$14.3M
2023
$20.7M
$18M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GENFED FINANCIAL CREDIT UNION INC

What does the Chief Executive Officer of GENFED FINANCIAL CREDIT UNION INC earn?

In 2024, the Chief Executive Officer of GENFED FINANCIAL CREDIT UNION INC received $518,194 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GENFED FINANCIAL CREDIT UNION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at GENFED FINANCIAL CREDIT UNION INC falls in the top 10%.

What are GENFED FINANCIAL CREDIT UNION INC's revenue and expenses?

In 2024, GENFED FINANCIAL CREDIT UNION INC reported $20.7M in total revenue and $18M in total expenses on its IRS Form 990.

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