General Electric Credit Union

Review, Rates and contact information

About

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.

4 contacts were found in LoanBase's database

Offered Loan Program Types

SBA, Permanent/Long Term, Long Term Rental 1-4 Units, New Construction/Ground-Up Construction

Property Types

Retail, Office, Industrial, Multi-Family, Residential (1-4 units)

Loan Amount

$75K - $15M

Time to close

30-60 days

Primary Areas Served

OH

Max LTV

85%

Origination Fee

1.00%

Specialty

recently closed deals

Loan date

Loan Amount

Property Subtype

Address

ZIP

8/17/2023
$206,780
Residential
***** **** **** ***** ******

****

Loan date

8/17/2023

Loan Amount

$206,780

Property Subtype

Residential

Address

***** **** **** ***** ******

To view all recent closed deals with full address

8/15/2023
$108,640
Residential
***** **** **** *****

****

Loan date

8/15/2023

Loan Amount

$108,640

Property Subtype

Residential

Address

***** **** **** *****
8/14/2023
$149,870
Residential
***** **** **

****

Loan date

8/14/2023

Loan Amount

$149,870

Property Subtype

Residential

Address

***** **** **
8/14/2023
$670,500
Residential
***** **** **** **

****

Loan date

8/14/2023

Loan Amount

$670,500

Property Subtype

Residential

Address

***** **** **** **
8/10/2023
$200,000
Condominium
***** **** **** ***** ******

****

Loan date

8/10/2023

Loan Amount

$200,000

Property Subtype

Condominium

Address

***** **** **** ***** ******
8/8/2023
$208,000
Residential
***** **** **** *****

****

Loan date

8/8/2023

Loan Amount

$208,000

Property Subtype

Residential

Address

***** **** **** *****
8/8/2023
$546,500
Single Family Residence
***** **** **

****

Loan date

8/8/2023

Loan Amount

$546,500

Property Subtype

Single Family Residence

Address

***** **** **
8/4/2023
$247,350
Residential
***** **** **** *****

****

Loan date

8/4/2023

Loan Amount

$247,350

Property Subtype

Residential

Address

***** **** **** *****
8/3/2023
$190,000
Condominium
***** **** **

****

Loan date

8/3/2023

Loan Amount

$190,000

Property Subtype

Condominium

Address

***** **** **
8/3/2023
$440,300
Single Family Residence
***** **** **** *****

****

Loan date

8/3/2023

Loan Amount

$440,300

Property Subtype

Single Family Residence

Address

***** **** **** *****
8/1/2023
$193,907
Residential
***** **** **

****

Loan date

8/1/2023

Loan Amount

$193,907

Property Subtype

Residential

Address

***** **** **
8/1/2023
$560,000
Residential
***** **** **** *****

****

Loan date

8/1/2023

Loan Amount

$560,000

Property Subtype

Residential

Address

***** **** **** *****
7/26/2161
$675,138
Industrial
***** **** **** ***** ******

****

Loan date

7/26/2161

Loan Amount

$675,138

Property Subtype

Industrial

Address

***** **** **** ***** ******