Genfed Financial Salary

Genfed Financial Salary

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As of August 2026, the average hourly salary for employees at Genfed Financial in the United States is $40. This translates to an approximate annual wage of $83,968. Salaries at Genfed Financial typically range from $35 to $46 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Genfed Financial Pay for Different Roles?

Explore detailed salary information for specific jobs at Genfed Financial. Based on our data, the highest paying job is the Member Services Representative - Atascocita, with an hourly wage of $71. The table below outlines the hourly wage ranges for most popular roles within the company.

Digital Services Specialist

$17 / hour

Salary Range: $15 - $19

Security Services

Contact Center Agent

$42 / hour

Salary Range: $36 - $48

Sales

Fraud and Security Specialist

$44 / hour

Salary Range: $38 - $51

Security Services

Digital Support Agent

$34 / hour

Salary Range: $30 - $38

Construction

Business Anaylst

$66 / hour

Salary Range: $55 - $75

Library

Digital Banking Agent

$34 / hour

Salary Range: $30 - $38

Construction

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Genfed Financial.
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About Genfed Financial: Company Profile

Website
www.genfed.com
Founded In
1938
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Location
LORAIN
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Genfed Financial's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Financial services here are approached with integrity and innovation. Career planning is vague unless you proactively seek guidance. It's exciting to be part of an institution shaping the future of finance. What stands out is the company’s genuine care for its employees, evident not just in competitive compensation but also in thoughtful wellness initiatives and a supportive atmosphere. It's a dec...
Commented in April 22, 2025
17
0
Office locations are convenient and accessible. Training and development are available but lack consistency. Training programs exist but vary in quality by team. This provides job security and confidence in our future success.
Commented in February 26, 2025
26
2
The company is agile and adapts well to market changes. Working has been an exceptional experience. Career growth is possible but based on tenure rather than merit. Employees are expected to follow procedures closely, and there isn’t much deviation from set protocols.
Commented in February 10, 2025
18
3
Community involvement is a point of pride. The company offers meaningful work, steady professional development, and competitive compensation. I’m proud to work at a place that values transparency, progress, and teamwork. What makes this financial services firm exceptional is its unwavering commitment to clients and integrity. It’s refreshing to work where leadership promotes trust, teamwork, and p...
Commented in January 10, 2025
26
0
Colleagues are skilled and willing to help. Training is available but sometimes lacks depth. Management is transparent, goals are realistic, and feedback is welcomed. I'm proud to be part of such a professional team.
Commented in January 05, 2024
46
1

How Genfed Financial's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Genfed Financial’s pay competitiveness. Click on a company for a deeper dive.

Is Genfed Financial’s Pay Competitive? Salary Benchmarking Analysis

How does Genfed Financial's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
GALLO AND RUSSELL $37
-7.7%
Typical compensation structure for smaller regional agencies like GALLO AND RUSSELL.
GARNERFM $50
+24.2%
Reflects structural premiums typical of GARNERFM's large-cap national operations.
GET ADVISORY SERVICES $44
+9.0%
Reflects a supply-demand imbalance for the specific talent GET ADVISORY SERVICES targets.
GARLAND & ASSOCIATES $46
+14.6%
Adjusted for higher cost-of-living indices in GARLAND & ASSOCIATES's primary metro hubs.
Financial Services Industry $59
+44.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

What Is the Cost of Living Near Lorain?

Understanding the cost of living near Lorain is key to truly evaluating a salary offer or your current compensation at Genfed Financial.
Lorain's Cost of Living Index is approximately 76.5 (23.5% less expensive than US average; 15.7% less than OH average). Lake Erie city, affordable. LCT. When planning your budget based on a salary from Genfed Financial, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $650 - $1,000+ A significant portion of Genfed Financial salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $530+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,800 - $2,930+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Genfed Financial

FAQ 1: How much does Genfed Financial in the United States pay?
Genfed Financial pays its employees an average of $40 per hour. The average salary at Genfed Financial range from $35 to $46 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.
FAQ 2: Do Genfed Financial employees get a higher salary than its peer company?
The salary at Genfed Financial is higher than its peer company. The average annual salary at Genfed Financial is $83,968, or an hourly wage of $40, in comparison to GALLO AND RUSSELL which pays $77,483 per year or $37 per hour.
FAQ 3: How much does salary increase with years of experience at Genfed Financial?
Salary progression with years of experience at Genfed Financial is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.
FAQ 4: Do salaries at Genfed Financial vary by office location?
Yes, it's very likely that salaries at Genfed Financial vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Lorain section provides more context.
FAQ 5: Does Genfed Financial offer good benefits?
Genfed Financial typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Genfed Financial" section on this page.

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