GENFED FINANCIAL CREDIT UNION INC Charity Report

Public IRS 990 nonprofit record

GENFED FINANCIAL CREDIT UNION INC

EIN 34-0729554

What they do

to PROVIDE LENDING, SAVINGS, and OTHER FINANCIAL SERVICES to ITS MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE and WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $99.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.77%of revenue went to mission work99.8% of expenses · Program services

$87.16spent for every $100 of revenueRevenue covered expenses this year.

$17.49in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $518,194 for MICHAEL DORAN (PRESIDENT, C). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,003,986

Mission workProgram services$10,538,73395.77% of revenue99.8% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$444,6584.04% of revenueShown in gray on the chart

Total expenses$10,559,32895.96% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$20,706,280

Expenses$18,047,286

Annual surplus $2,658,994 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,538,733 · 58.4% of expenses

See all reported dollar amounts

Revenue$20,706,280

Expenses$18,047,286

Assets$315,717,525

Income$20,868,791

Mission work (program services)$10,538,733

Accounting fees$45,245

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL DORANPRESIDENT, C · 40 hrs/week $518,194Base $421,450 · Other $96,744

CHRISTY YOUNGSVP, CFO · 40 hrs/week $163,503Base $155,297 · Other $8,206

GREG ATHEYVP, CIO · 40 hrs/week $153,312Base $147,089 · Other $6,223

RICHARD TODDVP, COO · 40 hrs/week $145,131Base $136,910 · Other $8,221

ANN BINNIEVP BRANCH OP · 40 hrs/week $132,321Base $121,244 · Other $11,077

JULIA TIMBROOKVP OF HR · 40 hrs/week $128,555Base $121,186 · Other $7,369

KIMBERLY PALLASVP, CMO · 40 hrs/week $121,465Base $120,244 · Other $1,221

BRANDON PETITAVP OF IT · 40 hrs/week $119,335Base $114,082 · Other $5,253

CHRISTOPHER KIRSCHVP LENDING · 40 hrs/week $113,612Base $103,710 · Other $9,902

ASHLEY CONKLINVP MEMBER EX · 40 hrs/week $113,098Base $108,495 · Other $4,603

CHRISTINE CREWAVP OF MARKE · 40 hrs/week $87,075Base $80,036 · Other $7,039

SUZANNE SMITHAVP OF COLLE · 40 hrs/week $75,860Base $69,448 · Other $6,412

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

MICHAEL DORANPRESIDENT, C

CHRISTY YOUNGSVP, CFO

GREG ATHEYVP, CIO

RICHARD TODDVP, COO

ANN BINNIEVP BRANCH OP

JULIA TIMBROOKVP OF HR

KIMBERLY PALLASVP, CMO

BRANDON PETITAVP OF IT

CHRISTOPHER KIRSCHVP LENDING

ASHLEY CONKLINVP MEMBER EX

CHRISTINE CREWAVP OF MARKE

SUZANNE SMITHAVP OF COLLE

JOYCE JONESBOARD CHAIR

M JOAN REEDVICE-CHAIR

MATTHEW TIMBROOKAUDIT COMMIT

MELINDA STAHLAUDIT COMMIT

IAN LONGMANAUDIT COMMIT

NANCY KROHCHAIR EMERIT

SYLVIA THOMPSONSECRETARY/TR

THERESA THORNTONAUDIT COMMIT

About this charity

Recognized since: January 1969
Location: 2492 WEDGEWOOD DR STE G, AKRON, OH 44312-2422
County: Summit
In care of: JULIA TIMBROOK
Primary officer: JULIA TIMBROOK, VP OF HR

How to reach them

WebsiteVisit the charity’s website Phone(330) 780-2403

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WAVERLY BUSINESS SERVICES