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

Introduction

Welcome to Genfed Financial, your trusted partner in banking since 1937. Located at 800 S 42Nd St, Mount Vernon, IL 62864, our branch stands as a pillar of support for over 25,000 members in the community. With total assets exceeding $318 million, we are committed to providing personalized financial solutions that cater to your unique needs. At Genfed Financial, we believe in empowering our members through exceptional service and innovative products. Our total deposits of $52,106,084 reflect the confidence our members place in us. Whether you're looking for personal banking options like checking and savings accounts or seeking financing solutions such as auto loans and mortgages, we have you covered. Led by our dedicated CEO Michael Doran and Board President Joyce Jones, our team of 84 employees is here to help you navigate your financial journey. We take pride in fostering a friendly environment where everyone feels welcome. Plus, with convenient services like online banking and an ATM on-site, managing your finances has never been easier. While members can visit us at our branch address, official correspondence should be sent to 800 South 42nd St, Mount Vernon, IL 62864. If you have any questions or need assistance, don't hesitate to reach out at (618) 244-1077. We're here to serve you! Explore our website at genfed.com for more information about our services or to get started today! Join us in building a brighter financial future together!

Branch History & Mission

Join Us

As we continue this journey together with our community, we invite you to experience the benefits of membership at Genfed Financial. Join us today and become part of a credit union that prioritizes your financial well-being while actively contributing to the growth of Mount Vernon and beyond. For more information or inquiries, feel free to contact us at (618) 244-1077 or visit us online at Genfed Financial. Together, let's build a brighter financial future!

Our Journey

Starting as a small credit union, Genfed Financial has evolved significantly since its inception. We have expanded our services and resources to better meet the needs of our diverse membership base. Today, our assets stand at an impressive $318,623,056, reflecting not only our growth but also the trust placed in us by our members. Our branch is designed with accessibility in mind, featuring both ATM availability and drive-thru banking options to ensure that our services are convenient for everyone. We believe that banking should be easy and user-friendly. Our operating hours are tailored to fit your busy schedule: Monday through Friday from 8:30 AM to 4:30 PM (with extended hours on Friday until 5:00 PM) and Saturday from 9:30 AM to 12:00 PM.

Our Mission

The mission of Genfed Financial is simple yet powerful: to provide exceptional financial services while supporting the local community. We aim to empower our members through personalized banking solutions ranging from checking and savings accounts to auto loans and mortgages. More than just a financial institution, we strive to be a pillar of support for our community by engaging in outreach programs and partnerships that foster growth and development. While members can visit us at 800 S 42Nd St Mount Vernon Il 62864, official correspondence should be sent to 800 South 42nd St, Mount Vernon, IL 62864. Whether you need assistance with personal banking or business services, our dedicated team is here to help you every step of the way. We are proud of our commitment to digital advancements as well. With online banking and mobile payment options available, managing your finances has never been easier or more secure.

Branch Location & Accessibility

Accessibility Features

At Genfed Financial, we prioritize convenience for all our members. Our branch is fully ADA compliant, featuring ramps and accessible parking spaces to ensure everyone can visit us with ease. We understand that time is valuable, which is why we also offer a drive-thru banking service for quick transactions without leaving your vehicle.

Get in Touch

If you have questions or would like more information about our services, don't hesitate to call us at 618-244-1077. Our friendly team is ready to assist you! We invite you to stop by Genfed Financial's Mt Vernon Office today and discover how we can support your financial journey.

Operating Hours

We know that life can get busy, so we strive to be here when you need us most. Our lobby hours are Monday through Thursday from 8:30 AM to 4:30 PM, Friday from 8:30 AM to 5:00 PM, and Saturday from 9:30 AM to 12:00 PM. With these flexible hours, it's easy to find a time that works for you!

Services Available

While visiting our Mt Vernon Office, you'll find a range of financial services designed to meet your needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we've got you covered. You can also take advantage of our ATM services for cash withdrawals and balance checks whenever you need them.

Member Eligibility

Becoming a member of Genfed Financial is like joining a close-knit family that supports your financial journey. If you live, work, or worship in the Mount Vernon area, you're already on the path to membership! This community-focused credit union is dedicated to serving its members with tailored financial solutions and personalized service. To find out more about who can join and the specific eligibility requirements, please visit our website at . We believe that everyone deserves access to reliable banking options, and we strive to make the membership process as easy as possible. Once you're ready to take the next step, opening an account is simple! Just give us a call at (618) 244-1077, or stop by our branch located at 800 S 42Nd St Mount Vernon Il 62864. Our friendly staff will guide you through every step of setting up your account and enjoying all the benefits that come with being part of Genfed Financial. Whether you're looking for checking and savings accounts, auto loans, or personal loans, we're here to support you every step of the way. Join us today and experience the difference of being a member!

Business Banking & Commercial Services

Merchant Services for Everyday Needs

In addition to loans, our merchant services simplify payment processing so you can focus on what matters running your business. Imagine accepting payments quickly and securely while managing your transactions effortlessly. Whether you're a storefront or an online retailer, our solutions are tailored to meet your unique needs. Visit us at 800 S 42Nd St Mount Vernon Il 62864 or call us at (618) 244-1077 to learn more about how our business banking and commercial services can help you achieve your goals!

Tailored Loan Solutions

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.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need cash? We've got you covered with our ATM and cash withdrawal services available right here at our branch. Whether it's a quick withdrawal or a balance check, accessing your funds has never been easier.

Business Banking Solutions

For small business owners, Genfed Financial provides business banking services including merchant services and business loans. Our goal is to support local businesses in their growth and success by offering financial solutions that are easy to access and understand.

Credit Cards and Rewards

We know how important rewards can be when using credit. That's why we offer credit cards with rewards programs that allow you to earn points or cash back on every purchase. This way, you get more from your spending while enjoying the convenience of credit.

Digital Banking Features

Understanding the need for convenience in today's fast-paced world, we offer robust online and mobile banking services. With our digital platform, you can check balances, transfer money, pay bills, and even send money to friends through person-to-person transactions all from the comfort of your home or on-the-go.

Drive-Thru Banking

For those who prefer not to enter the branch, our basic drive-thru banking allows for deposits, withdrawals, and simple transactions without leaving your car. It's all about making your banking experience as convenient as possible. At Genfed Financial, we believe in empowering our members with financial tools that work for them. Whether you're exploring personal finance options or seeking business solutions, we're here to help every step of the way. Ready to take the next step? Visit us today at 800 S 42Nd St, call us at 618-244-1077, or check out our website here for more information about all of our services!

Personal Banking Services

When it comes to personal banking, we offer various options that cater to your everyday needs. Our checking and savings accounts are designed to help you manage your money effectively. Whether you're saving for a vacation or setting aside funds for unexpected expenses, you'll find accounts with features that fit your lifestyle. In addition, if you're in the market for a vehicle, our auto loans and vehicle financing options make purchasing a car easy and affordable. We also provide mortgage loans and refinancing solutions to help you secure the home of your dreams or reduce your current mortgage payments. For those unexpected costs, our personal loans can help alleviate financial stress by offering straightforward debt consolidation options.

Digital & Online Banking

Key Features

With our online banking services, you can effortlessly check your account balances, pay bills, and transfer money with just a few clicks. Our e-statements feature allows you to receive your account statements electronically, saving you time and paper. Plus, with electronic signature authorization, signing documents is quick and secure, making transactions smoother than ever. Are you looking to simplify payments? Our mobile payments option lets you make purchases directly from your smartphone, giving you the freedom to shop without needing cash or cards. And if you're always on the move, our user-friendly mobile application provides all the tools you need right in your pocket.

Stay Connected

Need to send money to a friend? With our person-to-person transfers, sending cash is as easy as sending a text. You can also enjoy 24/7 online banking services, so whether it's early morning or late at night, your accounts are just a click away. At Genfed Financial, we're committed to providing safe and accessible banking solutions that fit into your lifestyle. Join us today and experience the convenience of modern banking!

Financial Strength

Member-Centric Services

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. 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 total loans and leases amount to $212,449,141, with $4,375 dedicated to used auto loans alone. This lending capacity supports your financial goals across various sectors.

Operational Efficiency

Our operational efficiency is reflected in our $0 net income, which allows us to continue providing competitive loan rates and solid financial products for our members without compromising quality service. 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 and committed team.

Our Financial Health

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. This solid foundation helps us ensure that your funds are safeguarded while providing you with the best banking experience possible. Our net worth ratio of 1571 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Community Trust

The trust placed in us is evident with 51,093 total share accounts, showing a strong and growing member base that relies on us for their financial needs. 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 800 S 42Nd St Mount Vernon Il 62864 or call 618-244-1077 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

Additional Options

In addition to these offerings, we provide options for refinancing if you're looking to lower your payments or adjust your loan terms. Our team is ready to discuss eligibility options that fit your specific situation. For more information about our loan products or to apply today, feel free to reach out at (618) 244-1077 or visit us at 800 S 42Nd St Mount Vernon Il 62864. 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, we're dedicated to supporting our community with reliable financial services tailored just for you!

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 purchasing a brand-new model or a dependable used car, our financing options can make your next vehicle purchase smooth and affordable.

Business Loans

For business owners, our outstanding commercial loans totaling $2,958,665 provide the capital needed to grow and expand. We understand the unique challenges businesses face and are committed to providing solutions that support your success.

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 are here to guide you through the process with friendly service and expert advice.

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. This option allows you to take control of your spending while enjoying the convenience of credit.

Loan Aggregator

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GENFED FINANCIAL CREDIT UNION