GFA Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.96% | 5-year CD | 60 < 84 Month Share Certificate 2.35% - Synchrony Bank 60 Month CD |
| 0.90% | 1-year CD | 12 < 24 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD |
| 0.02% | Savings | Fusion Savings |
GFA Federal Credit Union is headquartered in Gardner and is the 24th largest credit union in the state of Massachusetts. It is also the 535th largest credit union in the nation. It was established in 1938 and as of March of 2017, it had grown to 81 employees and 28,050 members at 9 locations. GFA Federal Credit Union's money market rates are 48% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Central Massachusetts and Southern New Hampshire or individuals who are family of GFA Members that live or work in Central Massachusetts or Southern New Hampshire
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 Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24279 |
| Year Chartered | 1938 |
| Employees | 81 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.21% |
| Return on Equity - YTD | 2.06% |
| Annual Interest Income | $3.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $489.3MM$465.1MM |
| Loans | Q1 2017vs Q1 2016 | $258.4MM$235.1MM |
| Deposits | Q1 2017vs Q1 2016 | $376.5MM$354.3MM |
| Equity Capital | Q1 2017vs Q1 2016 | $48.6MM$49.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.7MM$1.9MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.2MM$1.4MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $240.00K$272.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $25k* | - | Gold Key Club Savings | ||
| OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k | 0.15% → $5k - $25k | |||||
| 0.15%* | $5k* | - | Share Savings | ||
| OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k | |||||
| 0.15% | $25 | - | Student Tycoon | ||
| 0.15% | - | - | Student Saver | ||
| 0.15%* | $500* | - | Health Savings Account | ||
| OTHER TIERS: 0.05% → $50 - $500 | |||||
| 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* | - | Educational IRA Savings | ||
| OTHER TIERS: 0.05% → $50 - $500 | 0.10% → $500 - $5k | |||||
| 0.10% | - | - | Business Savings | ||
| 0.02% | $25 | - | Fusion Savings | ||
GFA Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65%* | $5k* | - | Money Market | ||
| OTHER TIERS: 0.10% → $2,500 - $5k | |||||
| 0.25%* | $50k* | - | Cash Management Account | ||
| OTHER TIERS: 0.05% → $500 - $2,500 | 0.10% → $2,500 - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | |||||
| 0.25%* | $100k* | - | Business Money Market Savings | ||
| OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k | |||||
GFA Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75% | - | - | IOLTA Now Checking | ||
| 0.75%* | $2,500* | $25k | Preferred Choice Checking | ||
| OTHER TIERS: 0.05% → $25k+ | |||||
| 0.02%* | $2,500* | - | Right Choice Checking | ||
| OTHER TIERS: 0.01% → $200 - $2,500 | |||||
GFA Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.96% | $500 | - | 60 < 84 Month Share Certificate | |
| 1.76% | $500 | - | 30 Month CD Special | |
| 1.66% | $500 | - | 48 < 60 Month Share Certificate | |
| 1.46% | $500 | - | 36 < 48 Month Share Certificate | |
| 1.35% | $500 | - | 18 Month CD Special | |
| 1.10% | $500 | - | 24 < 36 Month Share Certificate | |
| 1.10% | $500 | - | 24 Month Bump Up Share Certificate | |
| 0.90% | $500 | - | 12 < 24 Month Share Certificate | |
| 0.90% | $500 | - | 12 Month Student Saver Share Certificate | |
| 0.50% | $500 | - | 6 < 12 Month Share Certificate | |
| 0.25% | $500 | - | 3 < 6 Month Share Certificate |
GFA Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.97% | $500 | - | 60 to 84 Month IRA Share Certificate | |
| 1.97% | $500 | - | 60 to 84 ROTH/Educational IRA Certificate | |
| 1.66% | $500 | - | 48 to 60 Month IRA Share Certificate | |
| 1.66% | $500 | - | 48 to 60 Month ROTH/Educational IRA Certificate | |
| 1.46% | $500 | - | 36 to 48 Month IRA Share Certificate | |
| 1.46% | $500 | - | 36 to 48 Month ROTH/Educational IRA Certificate | |
| 1.11% | $500 | - | 24 to 36 Month IRA Share Certificate | |
| 1.11% | $500 | - | 24 to 36 Month ROTH/Educational IRA Certificate | |
| 0.90% | $500 | - | 12 to 24 Month IRA Share Certificate | |
| 0.90% | $500 | - | 12 to 24 Month ROTH/Educational IRA Certificate | |
| 0.50% | $500 | - | 6 to 12 Month IRA Share Certificate | |
| 0.50% | $500 | - | 6 to 12 Month ROTH/Educational IRA Certificate | |
| 0.25% | $500 | - | 3 to 6 Month IRA Share Certificate | |
| 0.25% | $500 | - | 3 to 6 Month ROTH/Educational IRA Certificate |
| 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 | 1 Jaffrey Rd | Peterborough, NH 03458-1707 |
| Branch Office | 31 Sonja Dr Ste 1 | Rindge, NH 03461 |