As a not-for-profit, full-service banking option, GECU (General Electric Credit Union) has achieved substantial growth over the years, solidifying its position as one of the most stable financial institutions in the country.
GECU’s core purpose goes beyond profit-making; instead, it is dedicated to providing its members with superior financial solutions. The credit union operates with a unique structure, featuring a volunteer board of directors comprised of actual members who actively participate in decision-making processes. At GECU, members are not just customers but also co-owners, as opening an account earns them a share of the credit union.
Remaining true to the credit union philosophy of “”People Helping People,”” GECU designs its products and services to genuinely benefit its members and align with their financial interests. The credit union prides itself on transparency and simplicity, avoiding hoops and misleading fine print. GECU’s commitment is to offer better financial solutions that transform every potential into new possibilities for its members.
Established in 1954 to serve employees of General Electric Aircraft Engines, GECU has evolved into one of the largest credit unions in Ohio, catering to nearly 200,000 members. The credit union’s federal insurance through the National Credit Union Share Insurance Fund (NCUSIF), under the governance of the National Credit Union Administration (NCUA), ensures that members’ savings are federally insured up to at least $250,000, backed by the full faith and credit of the United States government. This commitment to financial security further enhances the trust and confidence members can place in GECU.