Great Meadow Federal Credit Union

What Great Meadow Federal Credit Union does

Great Meadow Federal Credit Union (GMFCU) is a federally chartered, member-owned cooperative credit union founded in 1956 and headquartered in Granville, New York. It operates as a community-chartered institution serving individuals who live, work, worship, attend school, or regularly conduct business in 6 upstate New York counties (Clinton, Essex, Franklin, Hamilton, Warren, Washington) and 8 Vermont counties (Addison, Bennington, Caledonia, Essex, Orange, Rutland, Windham, Windsor), with membership also extending to volunteers, immediate family/household members, and related organizations. The institution is NCUA-insured and regulated, with no parent company or external equity backing.

GMFCU runs a four-branch physical footprint (Granville HQ, Comstock, Fort Edward, Queensbury — with the Queensbury Bay Road location permanently closing December 4, 2025 and a new Route 9 Queensbury site currently closed) supplemented by a Virtual Branch video/audio/chat channel, iOS and Android mobile apps with remote deposit capture, and the It'sMe247 online banking platform (upgrading March 2, 2026). Members access 85,000+ surcharge-free ATMs nationwide via the CO-OP Financial Services and Allpoint networks. The product portfolio spans deposit products (Roots Checking, Sky Checking, Member Savings, Sub-Accounts, Money Market, Certificates, Youth Savings), credit cards (Platinum Rewards Mastercard, Enhanced Mastercard, Secured Card), and a full lending suite (auto, RV, motorcycle, personal, Quick Cash, home mortgages, home equity loans/LOCs), with add-on insurance products (TruStage auto/home/life/AD&D, GAP, Mechanical Breakdown Protection) delivered via referral partnerships. The Servantage program offers loan-rate discounts to military, first responders, healthcare, education, and law-enforcement personas.

Revenue is generated primarily through net interest income on the lending portfolio (auto at 4.00% APR floor, RV 4.50%–7.50%, personal 7.75%, credit cards 9.99%, HELOC 5.50%–6.25%, HEL 6.00%–6.50%) and through transaction-based fees (NSF/overdraft at $35/item, wire transfers, stop payments, dormant accounts). Distribution is direct-to-consumer via branch, phone, and digital channels — no broker/dealer or third-party distribution — with marketing driven by community involvement (over $50,000 in cumulative donations), an Advice Center content library, social media (Facebook, Instagram, LinkedIn, YouTube), and repeat Post-Star "Best of the Region" and "Best of Washington County" recognitions (2019–2023).

Name

Great Meadow Federal Credit Union

Legal name

Great Meadow Federal Credit Union

Website

https://greatmeadowfcu.org

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

11–50 employees

Short description

Great Meadow Federal Credit Union is a federally chartered, member-owned community credit union founded in 1956, serving individual consumers and small businesses across 14 upstate New York and Vermont counties through four branches, digital banking, and a 85,000+ ATM network.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending
• Deposit accounts
• Mortgage financing
• Credit union services

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: Primary revenue source from auto loans (4.00% APR new/used), recreational vehicle loans (4.50%-7.50%), personal loans (7.75% APR), credit cards (9.99% APR), home equity loans (6.00%-6.50%), and home equity lines of credit (5.50%-6.25%).
2. Checking Account Fees: NSF/overdraft fees ($35/item), courtesy pay fees, wire transfer fees (outgoing domestic $25, incoming $15), stop payment fees ($30), account closure fees within 90 days ($15).
3. Savings and Certificate Income: Dividend payments to members from share accounts; fees for dormant accounts ($5/month after 1 year), excessive money market withdrawals ($5/transfer over 4 free/month).
4. GAP Insurance: Guaranteed Asset Protection insurance product protecting members against vehicle value shortfall in case of theft or total loss.
5. Mechanical Breakdown Protection: Extended warranty product covering mechanical and electrical failures with nationwide coverage, 24-hour roadside assistance, and rental car assistance.
6. TruStage Insurance Referrals: Referral partnership with TruStage for auto and home insurance, CMFG Life Insurance Company for AD&D and life insurance products.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels7 records

Core offering

Great Meadow Federal Credit Union is a federally chartered, member-owned cooperative financial institution that provides retail banking products — including share/savings accounts, checking accounts, certificates, consumer loans, mortgages, home equity products, and credit cards — to individual members within its defined community field of membership. It earns revenue primarily from net interest margin on deposits and loans, with ancillary fee income.

Product overview

Great Meadow Federal Credit Union operates as a community credit union offering a comprehensive suite of financial products through both physical branch locations and digital banking platforms. The product portfolio centers on deposit products (Roots Checking, Sky Checking, Member Savings, Sub-Accounts, Money Market, Certificates, and Youth Savings), lending products (Auto Loans, Recreational Vehicle Loans, Motorcycle Loans, Personal Loans, Quick Cash Loans, Home Mortgages, and Home Equity Loans/Lines of Credit), and credit cards (Mastercard Platinum Rewards, Mastercard Enhanced, and Secured Card). Digital banking is delivered through the It'sMe247 Online Banking platform and Mobile Banking App, supplemented by Virtual Branch for remote video/chat support. Add-on products include GAP Insurance, Mechanical Breakdown Protection, TruStage Insurance, and the Servantage Loan Discount for eligible professionals. The institution emphasizes local decision-making, competitive rates through its member-owned structure, and fee-free banking with access to over 85,000 surcharge-free ATMs through CO-OP and Allpoint networks.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Save up to 2% APR when refinancing auto loan
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• CO-OP Financial ServicescoreTechnology or IntegrationCO-OP provides access to nearly 30,000 surcharge-free ATMs and 5,000+ shared branches nationwide. GMFCU members can use the CO-OP logo on ATMs in grocery stores, gas stations, stadiums, and anywhere cash is needed. CO-OP app available for ATM locator.
• AllpointcoreTechnology or IntegrationAllpoint network provides 55,000+ additional surcharge-free ATMs nationwide. Combined with CO-OP network, GMFCU offers more surcharge-free ATMs than Bank of America, Chase, and Wells Fargo combined.
• TruStage (CMFG Life Insurance Company)coreGTM or Marketing PartnerTruStage Auto & Home Insurance Program provides discounted rates designed for credit union members. Also offers TruStage AD&D insurance and life insurance. CMFG Life Insurance Company rated 'A' (Excellent) by A.M. Best. Over 17 million people have selected TruStage products.
• First Data (Fiserv)coreTechnology or IntegrationCredit card servicing portal at https://onlinebanking.firstdata.com/ecs/great-meadow-federal-credit-union for Platinum Rewards Mastercard management, payments, and rewards redemption.
• CUNA Mutual Group (MEMBERCONNECT)minorGTM or Marketing PartnerJoint marketing partner listed in privacy policy for TruStage insurance products and joint marketing services.
• MastercardcoreTechnology or IntegrationDebit and credit card network provider. Mastercard zero-liability guarantee protects against fraudulent activity on debit card purchases, particularly in foreign countries.
• AnnualCreditReport.comminorOthersReferral partner for free credit report access. GMFCU recommends members pull credit reports from AnnualCreditReport.com (free, all three bureaus) before applying for mortgages.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Empower Federal Credit Union: New York-based federal credit union serving central and upstate New York with a full product suite and community-based membership model — a comparable mid-sized community credit union peer.
• Connex Credit Union: Connecticut-based community credit union with a comparable full-service product offering, community charter, and digital + branch distribution model, useful for benchmarking community credit union economics outside of NY/VT.
• Green Mountain Credit Union: Vermont-headquartered community credit union with multi-county reach and a similar community-chartered, member-owned structure — direct overlap with GMFCU's Vermont service area.
• Sunmark Credit Union: New York community credit union serving a multi-county region in the Capital District / upstate area, with branches, lending, and digital banking comparable to GMFCU's product and geographic profile.
• Adirondack Regional Credit Union (ARFCU): Upstate New York / Adirondack-region financial institution with branch presence in counties GMFCU serves (Warren, Washington), competing for the same rural community members and small businesses.
• Vermont State Employees Credit Union (VSECU): Vermont-based cooperative credit union offering checking, savings, lending, and digital banking across multiple VT counties — a directly comparable peer given overlapping Vermont field of membership and similar cooperative structure.
• First New York Federal Credit Union: New York community-based federal credit union offering core deposit, lending, and digital banking products to members in the Capital District and surrounding counties — directly comparable in size and charter type.
• Hudson Valley Credit Union: New York-based community credit union with a multi-county community charter and a comparable product set (checking, savings, lending, digital banking). Most directly comparable peer given overlapping NY footprint and similar full-service community positioning.

Regional players

• Lake Placid Credit Union: Small community credit union in the Adirondack region of New York, serving a similar rural community base with deposits, lending, and member services — comparable in scale and rural upstate positioning.

Broad incumbents

• Broadview Federal Credit Union (formerly SEFCU): Larger New York federal credit union with a substantially broader upstate and Capital District footprint. Comparable product suite (deposits, lending, digital) but at materially larger scale than GMFCU.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GreatMeadowFCU
• YouTubeyoutube.com/channel/UCLrsEGkYDRs78k1gK5nZaQw
• Facebookfacebook.com/GreatMeadowFCU
• LinkedInlinkedin.com/company/great-meadow-federal-credit-union
• Instagraminstagram.com/gmfcu

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Great Meadow Federal Credit Union