GFA Federal Credit Union

GFA Federal Credit Union is headquartered in Gardner and is the 28^th largest credit union in the state of Massachusetts. It is also the 567^th largest credit union in the nation. It was established in 1938 and as of September of 2011, it had grown to 74 employees and 20,156 members. GFA Federal Credit Union's savings rates are 35% higher than the national average, and it has a 4-star health rating.

GFA Federal Credit Union Checking Account Rates

GFA Federal Credit Union Savings Account Rates

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GFA Federal Credit Union IRA Rates

Data for Q3 2011

Institution Statistics GFA NCUA # 24279 BankRate Report View Year Established 1938 Employees 74 Primary Regulator Assets and Liabilities Assets $341.76 million Loans $143.05 million Deposits $266.76 million Equity Capital $43.06 million Loan Loss Allowance $1.41 million Unbacked Noncurrent Loans $2.02 million Real Estate Owned $1.55 million Historic Data - September 2010 Assets $328.82 million Equity Capital $40.97 million Loan Loss Allowance $1.31 million Unbacked Noncurrent Loans $1.03 million Real Estate Owned $1.54 million Profit Margin - Quarterly Net Interest Margin 3.21% Return on Assets 0.57% Return on Equity 4.51% Interest Income $9.69 million Non-Interest Income $2.25 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 GFA Federal Credit Union had $3.58 million in non-current loans and owned real-estate with $44.47 million in equity and loan loss allowances on hand to cover it. This gives GFA Federal Credit Union a Texas Ratio of 8.05% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for GFA Federal Credit Union held steady from 6.08% as of September 30, 2010 to 8.05% as of September 30, 2011, resulting in a negative change of 32.39%. This indicates that the balance sheet and financial strength for GFA Federal Credit Union has held steady in recent periods. Deposit Growth In the past year, GFA Federal Credit Union has increased its total deposits by $6.49 million, resulting in 2.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth GFA Federal Credit Union has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. GFA Federal Credit Union has $341.76 million in assets with $44.47 million in equity, resulting in a capitalization level of 13.01%, which is excellent.