Sep, 30, 2025 — GFA FEDERAL CREDIT UNION is a federal credit union headquartered in GARDNER, MA with 9 branch locations and about $749.99 million in total assets. Opened 88 years ago in 1938, GFA FEDERAL CREDIT UNION has about 32,918 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GFA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 229 Parker St GARDNER, MA 01440-3703 |
| Phone: | (978) 632-2542 |
| Fax: | (978) 630-5616 |
| Website: | https://www.gfafcu.com |
| Branches: | 9 branch locations |
| Members: | 32,918 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24279 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $749,989,559 |
| CEO/Manager: | Mark Hettinger |
| Chairperson: | Douglas Delay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,750,768 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 365,333,515 |
| Unsecured Loans | 26,798,790 |
| Other Loans | 104,131,039 |
| TOTAL LOANS | 496,676,245 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,986,020 |
| Land And Building | 17,030,486 |
| Other Fixed Assets | 2,303,518 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,753,915 |
| All Other Assets | 0 |
| TOTAL ASSETS | 749,989,559 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,153 |
| Notes & Interest Payable | 111,866,025 |
| Accounts Payable & Other Liabilities | 7,960,773 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 164,005,989 |
| Regular shares | 192,017,939 |
| All Other Shares & Deposits | 234,000,384 |
| TOTAL SHARES & DEPOSITS | 590,024,312 |
| TOTAL LIABILITIES | 709,853,263 |
| Regular Reserve | 0 |
| Other Reserves | -24,441,616 |
| Undivided Earnings | 64,577,912 |
| TOTAL EQUITY | 40,136,296 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 749,989,559 |
| INCOME & EXPENSE | |
| Loan Income | 18,870,499 |
| Investment Income | 3,649,981 |
| Other Income | 2,593,198 |
| Total Employee Compensation & Benefits | 8,315,857 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,170,198 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,526,750 |
| Cost of Funds | 9,593,547 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -280,681 |
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