GFA Federal Credit Union

About GFA Federal Credit Union

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Welcome to GFA Federal Credit Union: the home of Better Banking!

GFA is owned by our members, not by stockholders.  Every member is an equal owner of the credit union.  Our Better Banking Representatives are dedicated to helping you reach your financial goals, whatever they may be.  We have the solutions you need to grow your business, finance your continuing education, buy your first home, or plan your retirement.  It's Better Banking.  Better for you.  Better for our community.  We are more than a bank, we are your community partner.

Who can join?

GFA serves those who live or work in Central Massachusetts and Southern New Hampshire, as well as their family members.  Once a member, always a member.  This means even if you move you are still a member and able to bank with us through Online and Mobile Banking.  Your deposit helps provide for those within your community; college financing, equipment loans for local businesses, and first-time homebuyers.  Become a member today!

Become a member

 

Board of Directors

The Board of Directors, elected by our members, are all volunteers.  They receive no compensation for their time and commitment to ensure the credit union's vision and values are upheld.

Annual Report

Since every person that is a member of GFA is also an owner, we provide you an Annual Report each year.

2016 Annual Report       2015 Annual Report       2014 Annual Report       2013 Annual Report

  • Our Mission

    Our Mission

    Mission Statement:

    To earn the trusted position as your financial solutions partner...For all life's occasions...While remaining invested in our communities.

    Core Values:

    • Member Owned
    • Commitment
    • Community
    • Integrity
    • Secure
    • Value
    • Service
  • History

    History

    Founded in 1938, 20 founding fathers pledged a total of $755 and the credit union launched from the Greenwood Street home of Linus Allain. The idea took hold and the first annual report issued on October 31,1939 recorded the $5,038.20 Members had on deposit and their $3,301.16 in loans.

    An official office was opened on Parker Street in 1941 and has seen four major renovations and expansions since. At the ribbon cutting in December 1963, Linus Allain thanked the many parties who made it possible, including “Our Members who stood by us with confidence and unwavering loyalty.” We are proud that this very statement holds true today. GFA has never lost sight of the principles upon which we were founded.

    How We’ve Grown

    Of course the expansions at GFA far exceed the Parker Street location. Today we operate nine branches, ATMs, offer a robust online banking system, allow members to deposit checks from their home or office and bank with their mobile phone. We serve over 27,000 people in Central Massachusetts and Southern New Hampshire. And, through our convenient technology based services we continue to serve many Members who have moved to other parts of the country or abroad–taking comfort that they can still rely on the values, fiscal soundness and service of their credit union. To bring our full range of solutions to their Members, throughout the years other credit unions have also joined the GFA family. Six credit unions, Fernald School, S. Bent Brothers, Collier Keyworth, Asnacomet, Fitchburg Community Federal and Marquette, have merged with GFA, each bringing additional strengths to GFA. As a pioneering leader in the credit union landscape, GFA was recognized nationally as the first credit union to acquire a stock owned savings bank, the former Monadnock Savings Bank.  With continued growth, GFA’s basic cooperative structure remains unchanged – as a credit union, when a person opens their first account, he/she becomes an equal owner. As such there are no stockholders.

    Timeline...

    • 1938 - Main location Gardner was founded
    • 1978 - GFA acquires Fernald School Employee Credit Union
    • 1986 - GFA acquires Collier Keyworth Credit Union
    • 1987 - GFA acquires S. Bent Brothers Credit Union
    • 1989 - Hubbardston branch opens
    • 1989 - GFA Services, Inc. formed
    • 1993 - Winchendon branch opens
    • 1993 - GFA acquires Marquette Credit Union
    • 1997 - Pearson branch in Gardner opens
    • 2004 - Rutland branch opens
    • 2005 - GFA Acquires Asnacomet Credit Union
    • 2006 - Rindge branch opens
    • 2007 - Fitchburg branch opens
    • 2007 - GFA acquires Fitchburg Community Federal Credit Union
    • 2009 - GFA opens Ashburnham branch
    • 2010 - GFA introduces GFA Insurance Services, LLC
    • 2012 - Peterborough branch opens
    • 2013 - Leominster branch opens
    • 2016 - Land acquired to build new Peterborough branch
  • Community

    Community Commitment

    We are more than just your credit union: we are your community partner.

    At GFA Federal Credit Union we believe in giving back to the communities in which we serve.  That means supporting local schools, organizations, and non-profits that work to better our neighborhoods and towns.  Our employees volunteer time to local organizations and we donate to many worthy causes.

     

    The core of our mission is to improve the quality of life for those individuals and businesses we serve, as well as the communities in which they reside.  We do this by investing in community/charitable activities and partnering with local non-profit organizations.  

    We work with the community and schools to educate on financial literacy, check out our Financial Reality Fair at Gardner High School.

     

    GFA supports:

    • Education (emphasis on financial literacy)
    • Health and Human Services
    • Veterans Services
    • Youth Services

    GFA does not offer support for:

    • Endowments
    • Profit organizations
    • Groups of less than 20 individuals that will gain from our support
    • Individuals or individual fundraising efforts
    • Organizations outside our Field of Membership
    • Political fundraising or views
    • Religious entities
    • Unions
    How do you submit a request for support contribution?

    We award one donation per year, per organization.  Our Community Support Team meets once a month to review requests.  Please be sure to include all your contact information.  Submissions must include:

    • A full description of the purpose of the request and how the financial contribution will be used to support the endeavor
    • A copy of the tax exempt status
    • Any relationship with organization or its officers has with the credit union
    • Marketing opportunities for GFA (ex. press release or photo opportunity)
    • Partnership opportunities
    • Community events, tournaments, and advertising requests must meet the same guidelines

    Priority will be given to organizations that are aligned with the areas listed above.  As GFA provides funding directly to the United Way, organizations that receive United Way funding may not be eligible for additional monetary donations.

    Community Support Form

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