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GFA Federal Credit Union


Overview / Commentary
www.gfafcu.com
978-632-2542
229 Parker St
Gardner, MA 01440-3703

GFA Federal Credit Union is headquartered in Gardner and is the 24th largest credit union in the state of Massachusetts. It is also the 548th largest credit union in the nation. It was established in 1938 and as of December of 2019, it had grown to 93 employees and 31,907 members at 10 locations. GFA Federal Credit Union has an A health rating.

Field of Membership Restrictions

GFA Federal Credit Union is open to employees, residents, and businesses of Southern New Hampshire and Worcester County, MA
See current membership details

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Reviews (4)

Rates And Service

Posted by: |

Great rates, both deposits and loans, including a 3.51% rewards checking account, and the highest regular savings rate in its market area.  Combine that with pleasant, personal service, plus investments and insurance, and you have a one-stop financial services organization... onlt criticism, they aren't everywhere.

3

Lack Of Common Courtesy

Posted by: |

I had my car loan through GFA apparently a passbook was opened and I was Never made aware of this. After 8 months they started charging me a fee for no transactions, 3 months worth. I signed up for a life insurance policy through GFA, under the assumption I would be billed the same as my auto loan, NO, they charged me for $80. for insufficient funds without ever once notifying me of any problem or of a passbook. Their lack of professionalism and courtesy speaks for itself, I highly recommend anyone to stay away from them.

3

Horrible Bank

Posted by: |

I opened a savings account at GFA credit union - Ashburnham, MA. When I moved a couple of years ago I forgot to change my mailing address. I went into the bank a couple of days ago to close the account and the bank had taken out over $400 because they couldn't send me my statements. BECAUSE they DID NOT send my statements. So they had less work to do and charged me for it. Many phone calls to various managers and they insist this is legal. REALLY???!!!

4

Discriminatory Practices

Posted by: |

Twice I have been rejected for an auto loan with GFA. My credit score is nearly 800 and I have an annual income of over $175,000 with equity in my home. It must be a matter of someone there not liking me or maybe its my Latino heritage. Stay away from this organization and its discriminatory practices

8


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #24279
Year Chartered1938
Employees93
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.13%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$542.7MM$502.5MM
LoansQ4 2019vs Q4 2018$327.2MM$314.7MM
DepositsQ4 2019vs Q4 2018$420.9MM$381.8MM
Equity CapitalQ4 2019vs Q4 2018$58.3MM$50.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.7MM$1.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.8MM$1.2MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not GFA Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GFA Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$500Smart Choice Savings
OTHER TIERS: 0.15% → $5k+ | 0.25% → $2k - $5k | 0.50% → $500 - $2k
0.30%*$25k*-High Yield Savings
OTHER TIERS: 0.05% → $50 - $500 | 0.15% → $500 - $25k
0.30%*$25k*-Platinum Savings
OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k | 0.15% → $5k - $25k
0.20%*$25k*-Gold Key Club Savings
OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k | 0.15% → $5k - $25k
0.15%$25-Student Tycoon
0.15%*$10k*-Reward Savings
OTHER TIERS: 0.05% → $50 - $5k | 0.10% → $5k - $10k
0.15%*$5k*-IRA Savings
OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k
0.15%*$5k*-Statement Savings
OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k
0.02%$25-Fusion Savings

GFA Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market
OTHER TIERS: 0.10% → $2.5k - $5k | 0.15% → $5k - $100k

GFA Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*-$25kPreferred Choice Checking
OTHER TIERS: 0.05% → $25k+
0.02%*$2.5k*-Right Choice Checking
OTHER TIERS: 0.01% → $200 - $2.5k

GFA Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-36 - 48 Month Share Certificate
1.25%$500-48 - 60 Month Share Certificate
1.25%$500-60 - 84 Month Share Certificate
1.10%$500-24 - 36 Month Share Certificate
1.00%$250-12 Month Student Saver Share Certificate
0.90%$500-12 - 24 Month Share Certificate
0.75%$500-6 - 12 Month Share Certificate
0.50%$500-3 - 6 Month Share Certificate

GFA Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-36 - 48 Month IRA Share Certificate
1.25%$500-48 - 60 Month IRA Share Certificate
1.25%$500-60 - 84 Month IRA Share Certificate
1.10%$500-24 - 36 Month IRA Share Certificate
0.90%$500-12 - 24 Month IRA Share Certificate
0.75%$500-6 - 12 Month IRA Share Certificate
0.50%$500-3 - 6 Month IRA Share Certificate
Locations


Cities: Ashburnham, Gardner, Hubbardston, Keene, Leominster, Peterborough, Rindge, Rutland, Winchendon

Ashburnham Branches
Branch Office35 Main StAshburnham, MA 01430-1290

Gardner Branches
Branch Office67 Pearson BlvdGardner, MA 01440-3368
Branch Office229 Parker StGardner, MA 01440-3703

Hubbardston Branches
Branch Office2 Gardner RdHubbardston, MA 01452-1646

Keene Branches
Branch Office143 Marlboro StKeene, NH 03431

Leominster Branches
Branch Office866 Merriam Ave Unit 1Leominster, MA 01453

Peterborough Branches
Branch Office99 Grove StPeterborough, NH 03458-1765

Rindge Branches
Branch Office31 Sonja Dr Ste 1Rindge, NH 03461

Rutland Branches
Branch Office32 Pommogussett RdRutland, MA 01543-1461

Winchendon Branches
Branch Office185 Central StWinchendon, MA 01475-1634

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