Genco Credit Union Lorena TX | Affordable Vehicle Loans & Personal Banking

Introduction

At Genco, your financial well-being is our top priority. Located at 230 N Frontage Rd, Lorena, TX 76655, we have been proudly serving our community since 1953. With a strong foundation and a commitment to our members, we currently support over 39,428 members, fostering a sense of belonging and trust. Our credit union stands out with impressive total assets of $444,066,893, and we maintain a net worth of $56,824,780, ensuring that your money is in safe hands. We offer a variety of services tailored to meet your needs, including personal banking options like checking and savings accounts, auto loans, mortgage loans, and even business banking solutions. While you can visit us directly at our branch for assistance or inquiries, any official correspondence can be sent to our mailing address: 731 N Valley Mills Dr, Waco, TX 76710-4848. Led by our dedicated CEO Neil Ling and Board President Robert Black, our team of 99 employees works tirelessly to ensure that you receive the best possible service. We are here to help you navigate your financial journey with confidence. With total deposits amounting to $55,963,796 and cash in hand of $4,854,111, we are equipped to support you in achieving your financial goals. Whether you're looking for loans of which we manage about 16,886 or simply need guidance on managing your finances effectively, Genco is here for you. We invite you to learn more about what we can do for you by visiting our website at gencofcu.org or giving us a call at 254-776-9550. Join us today and experience the Genco difference where community meets commitment!

Branch History & Mission

Community Commitment

Genco is more than just a credit union; we are your neighbors and friends. Our team is committed to providing not only excellent service but also educational resources that empower you financially. We embrace modern technology with online banking options and mobile payments while ensuring ADA compliance for accessibility. With convenient ATM access and drive-thru banking available, we aim to make your banking experience as easy as possible. Join us today at Genco and discover how we can help you take control of your finances while being part of a caring community that believes in supporting one another. Experience the benefits of membership where you're not just a number you're family! For more information on how you can become part of our family or open an account, visit our website or call us at 254-776-9550 today!

Our Mission

At Genco, our mission is straightforward: to offer personal banking solutions while supporting our community. We understand that everyone's financial journey is unique. That's why we provide a range of services tailored to help you achieve your goals whether it's opening a checking account, securing an auto loan, or financing your dream home through our mortgage options. Our focus extends beyond just banking; we are dedicated to uplifting the communities we serve. Through partnerships with local organizations and outreach programs, we strive to make a positive impact in Lorena and beyond. For any official correspondence or inquiries, please send your mail to our headquarters at 731 N Valley Mills Dr, Waco, TX 76710-4848. However, feel free to visit us at our branch location in Lorena during operating hours from 9 AM to 5 PM Monday through Thursday and from 9 AM to 6 PM on Fridays.

Branch Location & Accessibility

Accessibility Features

At Genco, we prioritize accessibility for all members. Our branch features ADA-compliant entrances and ramps, making it easy for everyone to access our services. Plus, we have ample parking available right outside the entrance, so you can park with ease.

Call-to-Action

We invite you to stop by our Lorena branch today or give us a call at 254-776-9550. Our team is excited to help you reach your financial goals and provide you with the best service possible!

Nearby Landmarks

You'll find us just a short drive from popular spots like the Lorena High School and the beautiful parks that dot our area. These landmarks make it easy to plan your visit around other errands or family activities, ensuring that banking is just one part of your day.

Operating Hours

We know your time is valuable. That's why our lobby hours are designed to fit into your busy schedule: open from 9 AM to 5 PM Monday through Thursday and extending until 6 PM on Fridays. Our friendly staff is here during those hours to assist you with everything from personal banking to auto loans.

Services Offered

In addition to traditional banking services, we provide a variety of options including online and mobile banking, ATM access for quick cash withdrawals, and even drive-thru banking for your convenience. With our basic drive-thru service, you can handle deposits and simple transactions without leaving your vehicle! While members can visit us at 230 N Frontage Rd Lorena Tx 76655, official correspondence should be sent to our mailing address at 731 N Valley Mills Dr, Waco, TX 76710-4848 if needed.

Member Eligibility

Becoming a member of Genco feels like joining a family that truly cares about your financial well-being. If you're wondering how to get started, let me tell you it's easier than you might think! At Genco, we welcome individuals who live, work, worship, or attend school in our community. This means that if you're part of our vibrant area around 230 N Frontage Rd Lorena Tx 76655, you're likely eligible to join us and take advantage of all the benefits we offer, from competitive loan rates to personalized service. For more detailed information on eligibility requirements, feel free to visit our website at http://www.gencofcu.org/connect/become-a-member. And when you're ready to open an account, the process is simple! Just give us a call at (254) 776-9550 or check out our account opening details at https://www.24x7loans.com/gencofcuauto/default.aspx. We're excited to have you on board and support you in achieving your financial goals!

Business Banking & Commercial Services

Member Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $4 in commercial loans for our members, helping businesses scale and succeed. Imagine using these funds to expand your operations, purchase new equipment, or invest in marketing efforts that attract more customers.

Non-Member Support

We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. This means whether you're a member or not, we're here to help your business thrive.

Outstanding Loans

With an outstanding commercial loan portfolio of $912,598, we continue to drive economic growth by financing new and expanding businesses. Our goal is to provide financial tools that empower you to achieve your ambitions. In addition to loans, our merchant services make everyday transactions easier. From payment processing solutions that accept credit cards to point-of-sale systems tailored for your specific needs, we help streamline your operations so you can focus on what matters most growing your business. Visit us at 230 N Frontage Rd Lorena Tx 76655 in Lorena, TX, or give us a call at (254) 776-9550. Let's work together to turn your business goals into reality!

Comprehensive List Of Services

ATM and Drive-Thru Services

At Genco, we also provide essential services like ATM & Cash Withdrawal Services, ensuring you have access to your cash when you need it most. Our basic drive-thru banking allows for quick deposits, withdrawals, and simple transactions without needing to step inside the branch. --- No matter what financial service you're looking for, Genco is here to help you every step of the way. We invite you to visit us at our location on 230 N Frontage Rd Lorena Tx 76655 in Lorena, TX or give us a call at (254) 776-9550. Let us partner with you in achieving your financial goals today!

Business Banking

For those running a business, we offer comprehensive Business Banking services, including merchant services and business loans. We know how important it is for small businesses to thrive, and our dedicated team is ready to help you navigate financing options tailored specifically for your business needs.

Credit Cards

Don't forget about our Credit Cards with Rewards! They come with perks that can make your purchases even more rewarding. Whether it's cashback on groceries or travel points for your next vacation, these cards are designed to enhance your spending power while offering great benefits.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we emphasize our robust Online & Mobile Banking capabilities. You can manage your accounts anytime from anywhere check balances, transfer funds, and even pay bills all from the comfort of your smartphone or computer. With features like mobile payments and person-to-person transactions, banking has never been easier!

Loans and Financing

If you're considering purchasing a vehicle or buying a home, our Auto Loans & Vehicle Financing and Mortgage Loans & Refinancing services can help turn your dreams into reality. Our team works with you to find financing solutions that fit your budget and lifestyle. Plus, if you're looking to consolidate debt, our Personal Loans & Debt Consolidation options provide a path toward financial freedom.

Personal Banking Services

We understand that personal finance can be overwhelming at times. That's why our Personal Banking options, including checking and savings accounts, are designed to make managing your money straightforward and accessible. Whether you need a simple account for everyday expenses or a savings plan for future goals, we have you covered. Imagine having easy access to your funds while earning interest on your savings it's all possible here at Genco.

Digital & Online Banking

Mobile Application Features

For those who prefer banking on the move, our mobile application offers all the features you need right at your fingertips. Whether you want to make person-to-person transfers or utilize mobile payments for quick purchases, our app has got you covered. And with electronic signature authorization available, signing documents digitally is both simple and secure.

Online Banking Made Easy

Our online banking platform, available at https://www.gencofcu.org/, is user-friendly and secure. You can check your account balances, transfer funds, pay bills, and even manage e-statements all from the comfort of your home or on the go. Plus, our 24/7 online banking services mean you're never tied down to traditional banking hours.

Stay Organized with E-Statements

Keeping track of your finances has never been easier thanks to e-statements. Available for all members, these digital statements help you stay organized while reducing paper clutter. You'll receive timely updates about your account activity without having to wait for mail delivery. At Genco, we prioritize your financial needs by providing innovative tools that enhance your banking experience. So whether you're at home or on the go, managing your money is straightforward and secure. Join us today and discover how easy banking can be!

Financial Strength

At Genco, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. With our commitment to providing strong financial services, you can trust that your money is in good hands. With a net worth of $56,824,780, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1279 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $83,504,561 in share certificates and $34,641,987 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $56,709,337 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $6,184 in used auto loans and a total of $221,224,571 in loans and leases. Our operations reflect our efficiency with a net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 90 full-time employees and 9 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $360,933. Total Share and Deposit Accounts: 69,515, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Genco is your trusted partner. Visit us at 230 N Frontage Rd Lorena Tx 76655 or call 254-776-9550 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $121,852,490 in used vehicle loans and $52,224,791 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable pre-owned vehicle, we have financing solutions that work for you.

Credit Lines and Unsecured Credit Cards

For those needing flexibility in their finances, we have credit lines available up to $20,000,000. Additionally, we also offer flexible terms on unsecured credit card loans. With a total of $2,739,680 in unsecured credit card loans helping members manage their finances effectively, our products are tailored to give you peace of mind. Our commitment extends beyond just offering loans; we strive to ensure that every member feels supported through the borrowing process. If you have questions about eligibility or refinancing options available for any of our loan products, don't hesitate to reach out. You can contact us at (254) 776-9550 for more information or visit us at our branch located at 230 N Frontage Rd Lorena Tx 76655. We're here to assist you Monday through Thursday from 9 AM to 5 PM and Friday until 6 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Let us help you take the next step towards achieving your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $1,490,593, providing you with the financial backing needed to secure your dream home. We also provide refinancing options if you're looking to adjust your current mortgage terms.

Loan Aggregator

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Genco