GFA Federal Credit Union
GFA Federal Credit Union is headquartered in Gardner and is the 23rd largest credit union in the state of Massachusetts. It is also the 545th largest credit union in the nation. It was established in 1938 and as of September of 2018, it had grown to 85 employees and 28,573 members at 9 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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Rates And Service
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.
Horrible Bank
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???!!!
Discriminatory Practices
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
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24279 |
| Year Chartered | 1938 |
| Employees | 85 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 4.02% |
| Annual Interest Income | $11.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $505.2MM$495.7MM |
| Loans | Q3 2018vs Q3 2017 | $307.1MM$268.4MM |
| Deposits | Q3 2018vs Q3 2017 | $382.1MM$380.5MM |
| Equity Capital | Q3 2018vs Q3 2017 | $48.8MM$49.9MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $1.6MM$1.6MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $1.6MM$1.5MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$0 |
Rates for GFA Federal Credit Union are currently being reviewed.
| GFA Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 35 Main St | Ashburnham, MA 01430-1290 |
| Branch Office | 32 Pommogussett Rd | Rutland, MA 01543-1461 |
| Branch Office | 185 Central St | Winchendon, MA 01475-1634 |
| Branch Office | 2 Gardner Rd | Hubbardston, MA 01452-1646 |
| Branch Office | 67 Pearson Blvd | Gardner, MA 01440-3368 |
| Branch Office | 229 Parker St | Gardner, MA 01440-3703 |
| Branch Office | 866 Merriam Ave Unit 1 | Leominster, MA 01453 |
| Branch Office | 99 Grove St | Peterborough, NH 03458-1765 |
| Branch Office | 31 Sonja Dr Ste 1 | Rindge, NH 03461 |