Great Meadow Federal Credit Union
Overview / Commentary
Great Meadow Federal Credit Union is headquartered in Granville and is the 106th largest credit union in the state of New York. It is also the 2,117th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 21 employees and 6,930 members at 4 locations. Great Meadow Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Great Meadow Federal Credit Union is open to businesses or other legal entities and those who live, work, regularly conduct business, worship, or attend school in the New York counties of Essex, Warren, or Washington, or the Vermont counties of Addison, Bennington, or Rutland. Immediate family and household members are also eligible to join.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Great Meadow Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 11402 |
| Year Chartered | 1956 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.99% |
| Return on Equity - YTD | 8.48% |
| Annual Interest Income | $998K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $72.9MM$64.2MM |
| Loans | Q1 2025vs Q1 2024 | $45.9MM$44.3MM |
| Deposits | Q1 2025vs Q1 2024 | $64MM$55.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $8.3MM$7.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $361K$410K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $411K$458K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |