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Filing year 2024

GENFED FINANCIAL CREDIT UNION INC

Akron, Ohio·EIN 34-0729554·14
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 · Schedule J · 12 reported individuals · Filing year 2024

$518k
$557k
Base
$355k
Bonus
$66k
Other
Benefits
$10k
$164k
$176k
Base
$139k
Bonus
$16k
Other
Benefits
$7k
Vp, CIO
chief information officer
$153k
$165k
Base
$127k
Bonus
$20k
Other
Benefits
$5k
$145k
$156k
VP Branch Op
vice president
$132k
$142k
VP of HR
vice president
$129k
$138k
Vp, CMO
vice president
$121k
$131k
AVP of IT
officer (unspecified)
$119k
$128k
VP Lending
vice president
$114k
$122k
VP Member Ex
vice president
$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.

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.
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