Genco Credit Union Waco TX | Best Auto Loans & Personal Banking

Introduction

Welcome to Genco, your trusted financial partner located at 1500 N Loop 340, Waco, TX 76705. Since our establishment in 1953, we have dedicated ourselves to serving our community with integrity and care. With a total membership of 39,428 and assets exceeding $444 million, we pride ourselves on being a cornerstone of financial support for individuals and families in Waco and beyond. At Genco, we believe in the power of community. Our commitment is reflected not only in our robust services, which include personal banking options like checking and savings accounts, auto loans, mortgage loans, and more, but also in our financial health. We manage over $55 million in deposits and maintain a solid net worth of $56.8 million. Our team of 99 employees, led by CEO Neil Ling and Board President Robert Black, is here to ensure you receive personalized service tailored to your unique financial needs. While members can visit us at our branch location, official correspondence should be directed to our main office if necessary. With an ATM on-site and drive-thru services available, accessing your funds is easy and convenient. Whether you're looking to secure a loan or open a new account, we're here to guide you every step of the way. Ready to take the next step? Give us a call at (254) 776-9550 or visit our website at gencofcu.org for more information about how we can help you achieve your financial goals. At Genco, your success is our mission!

Branch History & Mission

Join Us

As we look toward the future, Genco remains dedicated to serving Waco and its surrounding areas with integrity and compassion. Whether you're looking for savings accounts or need assistance with loans, we invite you to explore what Genco can offer you. Join us today and experience the benefits of being part of a credit union that puts people first. For any inquiries or assistance, feel free to call us at 254-776-9550 or visit us online at Genco's website. Together, let's build a brighter financial future!

Our Evolution

From our first days at 1500 N Loop 340, we have continuously evolved to meet the changing needs of our members. The commitment to our community has always been at the forefront of what we do. We take pride in being more than just a credit union; we are a supportive partner in achieving your financial goals. As we've grown, so too have our services offering everything from personal banking and auto loans to business solutions and mortgage refinancing. Our location is strategically situated near key landmarks that make it easy for members to reach us. While you can visit us at our main address, official correspondence should be sent to our mailing address if different.

Our Mission

At Genco, our mission is clear: to provide exceptional financial services while fostering a sense of community among our members. We believe that everyone deserves access to quality banking options that empower them financially. This commitment extends beyond transactions; we actively participate in community outreach initiatives and partnerships that enrich lives and strengthen ties within Waco. We also embrace technology by offering online and mobile banking options, ensuring ease of access for all members. Our drive-thru service and ATM availability further enhance convenience, making it simpler for you to manage your finances on your terms.

Branch Location & Accessibility

Convenient Access for Everyone

Our location is not only easy to find but also accessible for all members. We offer ample parking and ensure that our facilities meet ADA compliance standards, so everyone can enjoy their visit without any hassle. For those who prefer banking on-the-go, we have an ATM available for quick withdrawals and balance checks.

Drive-Thru Services for Added Convenience

Need a quick transaction? Our drive-thru service allows you to handle deposits, withdrawals, and other simple transactions without leaving your car. It's perfect for those days when you're on the move!

Friendly Banking Hours

At Genco, we understand that life can be busy, which is why we offer flexible operating hours. You can visit us Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and even stop by on Saturday from 9 AM to 1 PM for drive-thru services. Whether you need help with checking accounts or want to explore our loan options, our dedicated team is here to assist you during these hours.

Reach Out Anytime

If you have questions or need assistance before your visit, don't hesitate to call us at 254-776-9550. We are always ready to help you with any inquiries or concerns. We invite you to come by Genco at 1500 N Loop 340 in Waco soon! Your financial needs are important to us, and we look forward to serving you with a smile!

Member Eligibility

Joining Genco is like stepping into a welcoming community where your financial needs are prioritized. To become a member, you just need to meet a few simple criteria. Typically, residents of the local area, employees of select companies, or family members of current members can apply. It's a great opportunity for anyone looking to benefit from competitive rates and personalized service in banking. For specific details about eligibility, feel free to check out this link. Once you're ready to open an account, the process is straightforward and friendly. You can find more information about account opening here. If you have any questions or need assistance, don't hesitate to give us a call at (254) 776-9550. We're here to help you take this exciting step towards financial empowerment!

Business Banking & Commercial Services

Commercial Loan Options

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. - With an outstanding commercial loan portfolio of $912,598, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine being able to accept payments quickly and securely, no matter where your customers are. Our merchant services provide you with the tools you need to process transactions smoothly. Whether it's point-of-sale systems or online payment solutions, we help simplify your payment processes so you can focus on what matters most growing your business. For more information about our business banking offerings at Genco, visit us at 1500 N Loop 340, Waco, TX 76705, or call us at (254) 776-9550. Your success is our priority!

Comprehensive List Of Services

Additional Financial Services

Life can throw unexpected challenges your way, which is why we offer personal loans and debt consolidation options. This service helps you manage existing debts more efficiently by combining them into a single payment with potentially lower interest rates. And don't forget about our credit cards with rewards! With every purchase, you can earn points that lead to exciting benefits perfect for those who love shopping or traveling.

Business Banking Options

For our business members, we provide essential banking services including merchant services and business loans. We know that running a business requires reliable financial support, so we're here to assist with everything from everyday transactions to securing funding for growth.

Easy Access Banking Features

Convenience is key at Genco. Our branch features an ATM for quick cash withdrawals and a drive-thru service for basic transactions like deposits and withdrawals without leaving your vehicle. We also ensure that our members enjoy basic ATM access for balance checks and more. With all these services combined under one roof at Northeast, you'll find everything you need to manage your finances effectively. Whether you're visiting us at our location on 1500 N Loop 340 Waco Tx 76705, calling us at (254) 776-9550, or logging onto our online platform, we're here to support your financial journey every step of the way. Ready to experience the convenience and care that comes with being a member of Genco? Visit us today or explore more about joining by checking out our membership eligibility page!

Personal Banking Solutions

We offer a variety of personal banking options designed to help you manage your day-to-day finances effectively. Our checking and savings accounts are perfect for those looking to save for future goals or simply manage their daily expenses. Imagine having easy access to your funds through our user-friendly online and mobile banking platforms, allowing you to check balances, transfer money, and pay bills from anywhere. If you're in the market for a new vehicle, our auto loans and vehicle financing options can get you behind the wheel with ease. Whether you're purchasing a brand-new car or refinancing an existing loan, we have flexible terms that fit your budget. For those dreaming of homeownership, our mortgage loans and refinancing services are here to help turn that dream into reality.

Digital & Online Banking

Always Available

Our 24/7 online banking services mean that whether it's day or night, your accounts are always accessible. You can feel confident knowing that no matter what time it is, you can manage your finances as needed. At Genco, we strive to make banking not just simpler but also safer and more effective for all our members. Experience the ease of managing your finances digitally today!

Key Features

Security is our top priority. That's why we provide electronic signature authorization, allowing you to sign documents securely without needing to visit a branch. Plus, our e-statements feature gives you access to your financial statements digitally no more waiting for paper statements in the mail! If you're someone who loves mobile payments, you're in luck! Our mobile payments feature lets you make purchases quickly using your smartphone. And don't forget about our handy mobile application; it puts all these services right at your fingertips. Need to send money to a friend? With our person-to-person transfer option, sending cash has never been easier. Whether it's splitting a dinner bill or helping out a family member, just a few taps on your screen will do the trick.

Financial Strength

Financial Health Overview

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. This solid footing is further reflected in our net worth ratio of $1,279, which demonstrates a robust capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Lending Capacity

Our lending capacity supports your financial goals with $6,184 in used auto loans and $221,224,571 in total loans and leases across various sectors. Our commitment to serving you is also reflected in our undivided earnings of $56,709,337, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures.

Member Base Growth

With a growing member base that trusts us with their finances, we have achieved a total of 69,515 share accounts. This reflects the strong relationship we build with our members, emphasizing our commitment to their financial well-being. 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 1500 N Loop 340 Waco Tx 76705 or call (254) 776-9550 to learn more about how we can help you achieve your financial goals.

Member Savings and Investments

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.

Operational Efficiency

Our operational efficiency shines through with a reported net income of $0. This enables us to continue offering competitive loan rates and solid financial products tailored for our members' needs. We also take pride in having 90 full-time employees and 9 part-time employees who are always ready to assist you with knowledgeable service.

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 interested in financing a new model or purchasing a reliable used vehicle, we have options that suit your budget and lifestyle.

Business Financing

For business owners, our outstanding commercial loans totaling $912,598 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to upgrade your equipment, we have lending options that fit your business needs.

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 financial solutions tailored to your needs. Our experienced team is ready to guide you through the process and help you secure your dream home.

Refinancing Options

If you're considering refinancing any of these loans or want to explore eligibility options for any of our products, please reach out! Our knowledgeable staff at Genco is here to assist you every step of the way. For more information about our loan offerings or to start your application today, visit us at 1500 N Loop 340 Waco TX 76705 or give us a call at 254-776-9550. 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 Genco be your partner in achieving financial success!

Unsecured Credit Card Loans

Managing finances can be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $2,739,680 in loans helping members manage their finances effectively. These cards come with benefits that make everyday purchases easier while allowing you to build your credit history.

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Genco