GFA Federal Credit Union

Overview / Commentary
229 Parker St
Gardner, MA 01440-3703

GFA Federal Credit Union is headquartered in Gardner and is the 23rd largest credit union in the state of Massachusetts. It is also the 541st largest credit union in the nation. It was established in 1938 and as of June of 2019, it had grown to 99 employees and 31,943 members at 10 locations. GFA Federal Credit Union's savings rates are 3X the national average, and it boasts 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
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Reviews (4)

Rates And Service

Posted by: dbojarczuk | Jan 1, 2012

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: Anonymous | Aug 3, 2012

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 - YTD0.48%
Return on Equity - YTD4.51%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$538.0MM$506.5MM
LoansQ2 2019vs Q2 2018$328.1MM$306.0MM
DepositsQ2 2019vs Q2 2018$417.4MM$378.7MM
Equity CapitalQ2 2019vs Q2 2018$56.4MM$48.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.9MM$1.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$530.00K$1.3MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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* 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

1.75%*-$500Smart Choice Savings
OTHER TIERS: 0.15% $5k+ | 0.75% $2k - $5k | 1.25% $500 - $2k
0.65%*$25k*-High Yield Savings
OTHER TIERS: 0.05% $50 - $500 | 0.15% $500 - $5k | 0.20% $5k - $25k
0.65%*$25k*-Platinum Savings
OTHER TIERS: 0.05% $50 - $500 | 0.15% $500 - $5k | 0.20% $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
0.10%--Business Savings
0.02%$25-Fusion Savings

GFA Federal Credit Union Money Market Rates

0.85%*$100k*-Money Market
OTHER TIERS: 0.10% $2.5k - $5k | 0.45% $5k - $100k
0.65%*$100k*-Business Money Market Savings
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.25% $50k - $100k

GFA Federal Credit Union Checking Account Rates

0.60%*-$25kPreferred Choice Checking
OTHER TIERS: 0.05% $25k+
0.02%*$2.5k*-Right Choice Checking
OTHER TIERS: 0.01% $200 - $2.5k
0.02%--Non-Profit Checking

GFA Federal Credit Union CD Rates

2.15%$10k$250k10 Month CD Special w/ Checking Account - New Money Only
2.05%$500-60 - 84 Month Share Certificate
2.00%$10k-5 Month CD Special w/ Checking - New Money Only
1.85%$500-48 - 60 Month Share Certificate
1.60%$500-36 - 48 Month Share Certificate
1.35%$500-24 - 36 Month Share Certificate
1.05%$500-12 - 24 Month Share Certificate
1.05%$250-12 Month Student Saver Share Certificate
0.85%$500-6 - 12 Month Share Certificate
0.60%$500-3 - 6 Month Share Certificate

GFA Federal Credit Union IRA Rates

2.05%$500-60 - 84 Month IRA Share Certificate
1.85%$500-48 - 60 Month IRA Share Certificate
1.60%$500-36 - 48 Month IRA Share Certificate
1.35%$500-24 - 36 Month IRA Share Certificate
1.05%$500-12 - 24 Month IRA Share Certificate
0.85%$500-6 - 12 Month IRA Share Certificate
0.60%$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 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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