Genfed Financial Credit Union, Lorain – 5320 Oberlin Ave
4.7
(52 reviews)
GenFed Financial Credit Union in Lorain operates as a non-profit financial cooperative serving members with a focus on member-owned governance and service-oriented banking. Founded prior to 1940, GenFed has grown from a locally rooted cooperative into a broader Ohio-based institution with a history tied to community financial empowerment and cooperative values. As a credit union, its primary mission centers on returning profits to members through favorable rates, lower fees, and expanded services, rather than prioritizing stockholder profitability. The Lorain location forms part of GenFed’s regional footprint that includes its Akron-area operations, reflecting a shared system of member-focused financial products and accessibility across multiple communities.
Operational scope encompasses standard credit union offerings designed for everyday financial needs, including savings, checking, loans, and related services, all administered under federal or state regulatory frameworks with member ownership at the core. GenFed emphasizes convenient access to money and information, aligning with its stated mission of superior service and member benefit across its service areas.
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Services this business provides
Credit union
ATM
Contact Information
Frequently Asked Questions about Genfed Financial Credit Union, Lorain
Does Genfed Financial Credit Union, Lorain have other locations in Lorain?
Based on our directory, this appears to be the only Genfed Financial Credit Union, Lorain location in Lorain, Ohio. However, Genfed Financial Credit Union, Lorain may have additional branches in other cities or states. Contact the company directly or visit their website to confirm all available locations.
Can I contact Genfed Financial Credit Union, Lorain online?
Yes, Genfed Financial Credit Union, Lorain offers online contact options through their website. You can visit their website at genfed.com to access online services, customer support, or contact forms. Many financial institutions also provide email support, live chat, and mobile app options for customer inquiries.
How can I verify that Genfed Financial Credit Union, Lorain is legitimate?
To verify Genfed Financial Credit Union, Lorain's legitimacy, check their registration with Ohio's business registration database or Secretary of State. Verify any required professional licenses or certifications for their industry. Review customer feedback through the Better Business Bureau and check for any complaints with state consumer protection agencies. Legitimate businesses will have clear contact information, a physical address, and transparent business practices.
What are the main requirements to work with Genfed Financial Credit Union, Lorain?
Requirements to work with Genfed Financial Credit Union, Lorain vary depending on the service you need. Generally, you'll need to provide valid identification and may need to meet certain eligibility criteria. For financial services, you may need proof of income, address, and credit information. Contact Genfed Financial Credit Union, Lorain directly to learn about specific requirements for the service you're interested in, as requirements can vary by service type and provider policies.