GFA Federal Credit Union

Overview / Commentary
229 Parker St
Gardner, MA 01440

GFA Federal Credit Union is headquartered in Gardner and is the 27th largest credit union in the state of Massachusetts. It is also the 604th largest credit union in the nation. It was established in 1938 and as of December of 2022, it had grown to 103 employees and 30,764 members at 10 locations. GFA Federal Credit Union's money market rates are 5X the national average, and it has a B 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

Reviews (5)

Favorite Credit Union!

Posted by: |

I’ve been banking with GFA for nearly 10 years. I’ve honestly never had a problem. The people there are great. Even through Covid and lobbies closing, they have done their best to make things run normally. They offer everything I need including car insurance. Great local place for banking.

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.

Lack Of Common Courtesy

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.

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

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


Health Grade Components

NCUA #24279
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD16.65%
Annual Interest Income$16.7MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$658.2MM$672.7MM
LoansQ4 2022vs Q4 2021$329.5MM$265.4MM
DepositsQ4 2022vs Q4 2021$559.6MM$568.0MM
Equity CapitalQ4 2022vs Q4 2021$29.5MM$60.2MM
Loan Loss AllowanceQ4 2022vs Q4 2021$2.5MM$2.0MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$640.00K$709.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$92.00K
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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

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

GFA Federal Credit Union Money Market Rates

2.40%*$1m*-Money Market
OTHER TIERS: 0.75% $2.5k - $5k | 1.00% $5k+ | 1.35% $100k - $250k | 1.65% $250k - $500k | 2.25% $500k - $1m

GFA Federal Credit Union Checking Account Rates

0.05%--Preferred Choice Checking

GFA Federal Credit Union CD Rates

4.55%$500-7 Month CD Special
4.40%$500-13 Month CD Special
4.35%$500-19 Month CD Special
0.85%$500-60 - 84 Month Share Certificate
0.75%$500-48 - 60 Month Share Certificate
0.60%$500-36 - 48 Month Share Certificate
0.40%$500-24 - 36 Month Share Certificate
0.35%$500-12 - 24 Month Share Certificate
0.35%$250-12 Month Student Saver Share Certificate
0.25%$500-6 - 12 Month Share Certificate
0.20%$500-3 - 6 Month Share Certificate

GFA Federal Credit Union IRA Rates

4.55%$500-7 Month IRA Special
4.40%$500-13 Month IRA Special
4.35%$500-19 Month IRA Special
0.85%$500-60 - 84 Month IRA Share Certificate
0.75%$500-48 - 60 Month IRA Share Certificate
0.60%$500-36 - 48 Month IRA Share Certificate
0.40%$500-24 - 36 Month IRA Share Certificate
0.35%$500-12 - 24 Month IRA Share Certificate
0.25%$500-6 - 12 Month IRA Share Certificate
0.20%$500-3 - 6 Month IRA Share Certificate

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 Office346 Winchester 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 Office1448 Route 119Rindge, NH 03461

Rutland Branches
Branch Office32 Pommogussett RdRutland, MA 01543-1461

Winchendon Branches
Branch Office185 Central StWinchendon, MA 01475-1634

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