Genfed Financial Centralia IL Credit Union | Affordable Auto Loans & Business Banking

Introduction

At Genfed Financial, we believe that banking should be personal, reliable, and community-focused. Located at 903 S Elm St, Centralia, IL 62801, our branch has been serving members since 1937. With a commitment to providing excellent service and fostering financial growth, we proudly support over 25,000 members in achieving their financial goals. While you can visit us at our Centralia location, please note that all official correspondence should be sent to the same address. Our dedicated team is here to assist you with a range of services including checking and savings accounts, auto loans, mortgage financing, personal loans, and business banking solutions. As of now, our total assets stand at an impressive $318,623,056, reflecting our stability and trustworthiness as your financial partner. We manage $52,106,084 in deposits and have issued 13,797 loans to help members like you navigate life's financial needs. Our net worth is currently $50,084,375, demonstrating our strength and ability to serve our community effectively. Under the leadership of CEO Michael Doran and Board President Joyce Jones, we are committed to maintaining a high standard of service while ensuring that your financial interests come first. With a dedicated staff of 84 employees, we're always ready to assist you during our lobby hours from 8:30 AM to 4:30 PM on weekdays and from 9:30 AM to 12:00 PM on Saturdays. We invite you to explore what Genfed Financial has to offer. For any inquiries or assistance, don't hesitate to reach out at (618) 532-9524 or visit us online at Genfed Financial. Join us in building a brighter financial future together!

Branch History & Mission

Community Commitment

Genfed Financial believes in giving back. Our partnerships with local organizations highlight our commitment to community outreach efforts that uplift those around us. We understand that supporting one another strengthens us all. In conclusion, we invite you to join us at Genfed Financial where your financial well-being is our priority. Experience firsthand the benefits of becoming a member of a community-focused credit union dedicated not only to your financial success but also to making Centralia a better place for everyone. Visit us today or call us at (618) 532-9524 for more information!

Our Mission

At Genfed Financial, our mission is clear: to empower our members through accessible financial services while fostering a strong sense of community. We believe that everyone deserves the chance to achieve their financial goals, and we work tirelessly to provide tools and support to help make those dreams a reality. Whether you're looking for simple banking solutions or more complex financial products, our team is here to guide you every step of the way. While members can visit us at our branch location in Centralia, official correspondence should be sent to 903 S Elm, Centralia, IL 62801. Our operating hours are designed with your convenience in mind: Monday through Friday from 8:30 AM to 4:30 PM and Saturday from 9:30 AM to 12:00 PM. We are proud to offer ATM services and drive-thru banking for quick transactions. In addition to our physical services, we have embraced technology with online and mobile banking options that make managing your finances easy and efficient.

Branch Location & Accessibility

Accessibility and Convenience

At Genfed Financial, we prioritize accessibility for all our members. Our branch features ADA-compliant entrances and ramps, ensuring that everyone can comfortably access our services. Plus, parking is readily available right outside the branch, making it simple to pop in during your busy day.

Connect with Us

Have questions or need assistance? Don't hesitate to reach out! You can give us a call at (618) 532-9524. Our team is here to help you navigate all your financial needs. While members can visit us at 903 S Elm St Centralia Il 62801, official correspondence should be sent to 903 S Elm, Centralia, IL 62801 if it differs. We invite you to stop by Genfed Financial today! Experience personalized service and discover how we can help you achieve your financial goals right here in Centralia.

Operating Hours

We understand that life can be hectic, which is why we offer flexible banking hours to fit your schedule. Our lobby is open Monday through Friday from 8:30 AM to 4:30 PM and Saturday from 9:30 AM to 12:00 PM. Whether you're on your way to work or running errands over the weekend, you can count on us to be here when you need us.

Services Offered

Genfed Financial provides a wide array of services tailored to meet your banking needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we have something for everyone. For those who prefer convenience, we also offer drive-thru banking for quick transactions without leaving your vehicle.

Member Eligibility

At Genfed Financial, we believe that everyone deserves access to financial services that support their dreams and goals. Becoming a member is not just about opening an account; it's about joining a community that cares. To be eligible for membership, you simply need to live, work, or worship in the areas we serve, which creates a welcoming environment for all. We're excited to offer a range of benefits, including competitive rates on loans and savings, personalized service, and community-focused initiatives. If you're interested in joining us at our branch located at 903 S Elm St Centralia Il 62801, we make the process easy! You can learn more about the eligibility criteria by visiting [this link](). Should you have any questions or need assistance, feel free to call us at (618) 532-9524. We're here to help you take this important step toward financial empowerment!

Business Banking & Commercial Services

Commercial Loans for Every Stage of Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $12 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $77 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $2,958,665, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make Transactions Easy

Imagine running your business without worrying about payment processing. Our merchant services simplify transactions, allowing you to focus on what matters most serving your customers. Whether it's accepting card payments or managing online transactions, we provide the tools you need to thrive in today's marketplace. Visit us at 903 S Elm St Centralia Il 62801 in Centralia, IL, or call us at (618) 532-9524 to discover how our business banking and commercial services can empower your success!

Comprehensive List Of Services

Business Banking Solutions

For small business owners, we understand that every dollar counts. That's why we offer specialized business banking solutions, including merchant services and business loans designed to fuel your growth. Whether you need funds for inventory or equipment purchases, Genfed Financial is here to support your entrepreneurial journey.

Digital Banking Convenience

In today's fast-paced world, having access to your finances anytime is crucial. Our online and mobile banking platforms allow you to manage accounts from anywhere pay bills, transfer funds, and check balances right from your smartphone or computer. With features like ATM access for cash withdrawals and balance checks available at one of our convenient ATMs or through basic drive-thru banking services, we ensure that banking is easy and efficient.

Join Us Today!

As part of the Genfed Financial family, you'll find more than just a bank; you'll find a partner in achieving your financial dreams. For any questions or assistance regarding our services, feel free to reach out at (618) 532-9524. We invite you to visit us in person at our Centralia location or explore more about what we offer online at genfed.com. Let us help you take the next step towards better financial health!

Personal Banking Services

Managing personal finances can be challenging, but our services make it easier. With checking and savings accounts, you can easily keep track of your money and plan for your goals. If you're in the market for a new car, our auto loans and vehicle financing options can help you drive away in style without breaking the bank. For those considering home ownership or refinancing, our mortgage loans offer competitive rates and flexible terms tailored just for you. If life throws unexpected expenses your way, our personal loans and debt consolidation services can provide the financial relief you need. Plus, don't forget about our credit cards with rewards a great way to earn points on everyday purchases!

Digital & Online Banking

Convenient Online Access

With our online banking services available 24/7 at https://www.genfed.com/, you have the freedom to check your balance, pay bills, and transfer funds at your convenience. This means no more rushing to the bank before it closes or waiting in long lines. You can manage your money with just a few clicks from the comfort of your home or while on the go.

Mobile Banking Made Easy

Our mobile application makes banking even simpler. Whether you want to deposit checks using your phone's camera or make person-to-person transfers with friends and family, our app has you covered. Plus, if you're someone who loves using mobile payments, you'll be glad to know that this feature is also available. Just think about how handy it is to handle transactions without needing cash or cards!

Secure and Reliable Services

Your security is a top priority for us. We offer electronic signature authorization for added convenience when completing important documents online. You can also choose to receive e-statements instead of paper statements this not only keeps your information safe but helps reduce clutter too. At Genfed Financial, we're dedicated to providing accessible and efficient banking solutions tailored for you. Experience the future of banking today by visiting https://www.genfed.com/ and take advantage of everything we have to offer!

Financial Strength

Growing Trust

Total Share and Deposit Accounts: 51,093, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Genfed Financial is your trusted partner. Visit us at 903 S Elm St Centralia Il 62801 or call (618) 532-9524 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $48,355,787 in share certificates and $41,498,809 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 commitment to operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 78 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $39,845,209 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 your financial goals with $4,375 in used auto loans and $212,449,141 in total loans and leases.

Solid Foundation

With a net worth of $50,084,375, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,571 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $63,130,135 in used vehicle loans and $21,369,833 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, we have options that can fit your budget.

Credit Lines and Personal Loans

Our credit lines amounting to $25,529,700 offer flexibility for those unexpected expenses or larger purchases. You can access funds as needed without taking out a full loan upfront. Additionally, our personal loans are designed to help consolidate debt or finance special projects. For business owners looking for capital to grow and expand, we have outstanding commercial loans totaling $2,958,665 that can help turn your business ideas into reality. If you're considering refinancing any existing debts or want more information about eligibility for our loan products, please don't hesitate to reach out. Our team is ready to assist you in finding the best options available. For more details about our services and how we can help you financially thrive, feel free to contact us at (618) 532-9524. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Genfed Financial in Centralia, we're committed to making your financial journey as smooth as possible!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $21,426,196, make buying or refinancing simple. We provide personalized support throughout the process to ensure you find the right solution for your housing needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $6,619,297 in loans helping members manage their finances effectively. These cards are designed to give you the purchasing power you need while providing competitive interest rates.

Loan Aggregator

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