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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Genfed Financial Credit Union Inc.

Genfed Financial Credit Union Inc.

Fiscal year ending 2024. Filed on September 11, 2025.

2492 Wedgewood Dr
Akron, Ohio 44312

Genfed Financial Credit Union Inc. (EIN: 34-0729554) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Genfed Financial Credit Union Inc., a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 12 out of 135 total employees. Among the employees shown here, the average compensation is $155,955. The highest compensated employee at Genfed Financial Credit Union Inc. is Michael Doran with fiscal year 2024 compensation of $518,194.

Revenue, expenses, and employee compensation

Revenue

$20,706,280

Expenses

$18,047,286

Employee compensation

$6,472,797
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Doran
President and Chief Executive Officer
$518,194
$421,450 No related comp$96,744
Christy Young
Senior Vice President and Chief Financial Officer
$163,503
$155,297 No related comp$8,206
Greg Athey
Vice President and Chief Information Officer
$153,312
$147,089 No related comp$6,223
Richard Todd
Vice President and Chief Operating Officer
$145,131
$136,910 No related comp$8,221
Ann Binnie
Vice President Branch OP
$132,321
$121,244 No related comp$11,077
Julia Timbrook
Vice President, Human Resources
$128,555
$121,186 No related comp$7,369
Kimberly Pallas
Vice President and Chief Medical Officer
$121,465
$120,244 No related comp$1,221
Brandon Petit
AVP of IT
$119,335
$114,082 No related comp$5,253
Christopher Kirsch
Vice President, Lending
$113,612
$103,710 No related comp$9,902
Ashley Conklin
Vice President, Member Experience
$113,098
$108,495 No related comp$4,603
Christine Crew
AVP of Marke
$87,075
$80,036 No related comp$7,039
Suzanne Smith
AVP of Colle
$75,860
$69,448 No related comp$6,412

Benchmark Employee Compensation

Non-Employee Board Members

Ian Longman
Audit Committee Member
Joyce Jones
Board Chair
M Joan Reed
Vice Chair
Matthew Timbrook
Audit Committee Member
Melinda Stahl
Audit Committee Member
Nancy Kroh
Chair Emeritus
Sylvia Thompson
Secretary and Treasurer
Theresa Thornton
Audit Committee Member

Mission Statement

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.

Revisions to this organization profile

September 11, 2025:
2024 Genfed Financial Credit Union Inc. 990 filed
October 29, 2024:
2023 Genfed Financial Credit Union Inc. 990 filed
November 1, 2023:
2022 Genfed Financial Credit Union Inc. 990 filed

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