# GENFED FINANCIAL
Akron, OH · NCUA charter 97106 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/genfed-financial-97106

Who the members are: state charter, organized 1937. 24,137 members of 1,111,800 potential (2.2% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $332.3M |
| Members | 24,137 (-3.3% YoY) |
| Full-time staff | 79 |
| Net worth | $55.5M |
| Net worth ratio | 16.7% (p94 of band) |
| ROA (annualized) | 1.28% (p83 of band) |
| Total delinquency | 1.05% (p81 of band) |
| Net charge-offs (annualized) | 0.26% (p36 of band) |
| Loans / shares | 75% (p50 of band) |
| Cash / assets | 22.4% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.22% (p86 of band) |
| Operating expense / assets | 4.37% (p78 of band) |
| Vehicles % of loans | 35% (p54 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p20 of band) |
| Vehicle delinquency | 2.02% (p93 of band) |
| Vehicle NCO | 0.13% (p15 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 47% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 32% |
| Core shares % of member funds | 65% |
| Certificates % of member funds | 16% |
| Average share balance | $5,244 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $15,398 |
| Loans granted, annualized | $59.8M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | members leaving |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 | net worth falling | members leaving |
| 2019-09 | 0 |  | net worth falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | net worth falling |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 0 |  | net worth falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | net worth falling |  |
| 2021-06 | 0 |  | net worth falling |
| 2021-09 | 1 | delinquency rising |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | net worth falling |  |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | delinquency rising |
| 2023-03 | 0 |  |  |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 1 | net worth falling |  |
| 2024-06 | 0 |  | net worth falling |
| 2024-09 | 1 | delinquency rising |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | expense trap |  |
| 2025-06 | 3 | assets shrinking |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 1 | members leaving | delinquency rising, expense trap, assets shrinking |
| 2026-03 | 2 | net worth falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2014-03-22 [GenFed Financial credit union increases Lorain presence with new Oberlin Avenue branch - Morning Journal](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPQ3k0elU3WEc0TV9JVHEySGIwX1VrN0pQWkFSSGdVaDhoUTd2M3RQdTdmYzZQcjBpcmRYMVlwSkh5R016VVFQaFFsU2RSYk9uMWVXV2RXdHRiTF9oeWt6dkhUVHJ6Y1hHQVZwLV9nYUVkZ2prZGk5cE1fa1NMeEZTUlU0UWtfbEhQY01MOUVHTlZFUVFZTmh1c01kY3dOTW1scjRSU01oSTQyeU5RYmVLOUg3VDZTNHpmY3d5MDVXM0N4Vng2aVlXVA?oc=5) · Morning Journal
- 2020-06-13 [Feds charge Lorain man in GenFed credit union robbery in February - Chronicle Telegram](https://news.google.com/rss/articles/CBMiowFBVV95cUxQemM2ZnhCd0thandncTJQMnM1TFA5SkUtS012S1B5cEM3endWd3pRVVBCNVQxdUxSdF9BeUdBS3JyVEhSTUlmYWJ5N19SZGJDcnRmLVVRWk5acTQ2UUVYbjBnRGZxSHJyNHRZeHZDMDNGOHFmaFoxMDROaW9WMmQ5bE9sNkRHZF9lbW01VkdOQWx4a0lNemhlc0RaaC1ub3lKZG5z?oc=5) · Chronicle Telegram
- 2013-09-12 [Feds grab bank robbery suspect - Southern Illinoisan](https://news.google.com/rss/articles/CBMitgFBVV95cUxPTXZLNlFLa25BSXNTXzQyZmRGUWx5MFB4Sms3dTRjVTZBNGEwUGs0Ymxmazl0QXp6dUt2N2ZPNlQ0UHRUU0hYZ1FBTDNhc0JySlg5dF9NRi1rQzMtV1NoZFI1dGdlSTNPaHNIVGRRbGxmczEwM0g4ZHpDdk96dkROQ2VlZWxEd2hlRWp3b3dndWFqdjc3TnNETnlnVHU2eGFSUEVuSFlhSmNxeUJjY2JRUlNhM0JPZw?oc=5) · Southern Illinoisan
- 2025-11-03 [Convicted felon charged in Sept. 4 Elyria car chase that ended in Eastern Heights - Chronicle Telegram](https://news.google.com/rss/articles/CBMitwFBVV95cUxQdTBIWUFTV251WGdzZDlYUEhraHJKOXBqcUcxbkhzNTdmM3R4YjZpX0RqYVhxZ005SVRhbFZ4YmlPZ0hUbzhBRk1xVURJbVZGRkJmN3ZucDF2V1pOLTNRQW9jU1REbjJaeHhEYmdoZWVEeGRpLUQyMmlWbnZuLUJNUWN0NzJCRUZCSExIVjdRSlhDdWZsTkFqb3VHcUd2VnY1dDBGYkpnbUlrMm5TU1BnZWtodnVfaTQ?oc=5) · Chronicle Telegram

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=97106 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/18.json (key "97106", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=97106
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide