Intro—General Electric Credit Union Reviews & Ranking
General Electric Credit Union was recently ranked and reviewed by AdvisoryHQ as a top-rated credit union. Firms on our top-rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our General Electric Credit Union review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The General Electric Credit Union review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of General Electric Credit Union.
General Electric Credit Union Review
Chartered in 1954 for the employees of General Electric Aircraft Engines, General Electric Credit Union is the largest credit union in Cincinnati, with locations across Ohio, Kentucky, and Indiana. Over the years, this credit union has expanded their field of membership to include various select employer groups.
General Electric Credit Union proudly serves more than 150,000 members and boasts an impressive $1.9 billion in assets. This large credit union serves members from twelve full service branch locations. They offer a full list of financial products and services including deposit accounts, credit cards, loans, and financial counseling.
Image Source: General Electric Credit Union
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed reviews, General Electric Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
General Electric Credit Union Review: Share Certificates
General Electric Credit Union Share Certificates allow members to lock in a dividend rate on their deposited funds for a specific term. They offer flexible terms ranging from 182 days all the way up to 5 years.
Share Certificates require a low minimum balance of $500, along with various terms that work together for members to build their best savings plan.
Other benefits of Share Certificates are:
- Rate remains the same throughout the term of the certificate
- Certificate automatically renews at maturity
- Certificates are federally insured up to $250,000 by the NCUA
For those members who have a large amount to invest, Jumbo Certificates are available with a $100,000 minimum balance.
In addition to regular Share Certificates, IRA Certificates and HSA Certificates are also available.
General Electric Credit Union Review: Anytime Line of Credit
General Electric Credit Union’s Anytime Line of Credit (ALOC) can help their members access cash when they need to consolidate high interest debt, make a major purchase, weather through a personal crisis, or handle unexpected expenses. An ALOC can fund multiple needs for cash.
Features of Anytime Line of Credit are:
- Rates as low as 6.50% APR
- Line of credit amounts from $500–$50,000
- No application, annual, per advance, or closing fees
- No collateral required
- First 25 checks are free
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This credit union makes it easy for members to access their line of credit. The desired amount can be transferred from the line of credit to a member’s bank account through the online banking portal.
There are many different times in life when we need guidance on non-traditional financial needs beyond saving and borrowing. That is where General Electric Credit Union’s Financial Mall comes in. This top credit union has set up their Financial Mall to be able to serve all of their members’ non-traditional financial needs in one place.
There are a number of professionals in various fields available to provide advice and professional service in these areas:
- Investment services
- Insurance services
- Real estate services
- Legal services
With the Financial Mall, members are able to navigate life-changing events such as getting married, having children, changing jobs, buying a home, or retiring.
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Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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