Great Meadow Federal Credit Union
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.
- Company typePrivate
- Founded1956
- HeadquartersGreenville, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
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).
Great Meadow Federal Credit Union firmographics
Firmographics- 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
Great Meadow Federal Credit Union industry classification
Industry- 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
Where Great Meadow Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Greenville
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Great Meadow Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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%).
- 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).
- 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).
- GAP Insurance: Guaranteed Asset Protection insurance product protecting members against vehicle value shortfall in case of theft or total loss.
- Mechanical Breakdown Protection: Extended warranty product covering mechanical and electrical failures with nationwide coverage, 24-hour roadside assistance, and rental car assistance.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Sky Checking: Earn 3.00% APY on balances up to $25,000 with qualifying activities |
| Subscription | Monthly | Roots Checking: 0.30% APY with ATM fee refunds up to $25/month |
| Unit Pricing | Monthly | Youth Savings: 5.00% APR up to first $500 balance |
| Subscription | Monthly | High Yield Savings: 4.00% APY on $2,500-$25,000 balances |
| Subscription | Monthly | Money Market: Tiered rates from 0.65% to 2.00% APY based on balance |
| Subscription | Multi-year contract | Certificates: 3.50% APY 6-month, competitive rates through 60-month terms |
| Unit Pricing | Monthly | Auto Loans: 4.00% APR for new and used vehicles |
| Subscription | Monthly | Credit Cards: As low as 9.99% APR |
| Unit Pricing | Monthly | Personal Loans: 7.75% APR unsecured |
| Unit Pricing | Monthly | Quick Cash Loan: $500-$1,500 (first-time borrower max $1,000) |
| Unit Pricing | Monthly | Home Equity Line of Credit: 5.50%-6.25% APR based on term |
| Unit Pricing | Monthly | Home Equity Loan: 6.00%-6.50% APR based on term |
| Subscription | Monthly | Overdraft Protection Transfer: $3 per item |
| Subscription | Monthly | Member Privilege Courtesy Pay: $35 per item |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels7 records
Great Meadow Federal Credit Union product offering
Product offeringCore 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
Companies that use Great Meadow Federal Credit Union
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles1 record
Great Meadow Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Great Meadow Federal Credit Union partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- CO-OP Financial ServicescoreCO-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.
- AllpointcoreAllpoint 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)coreTruStage 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)coreCredit 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)minorJoint marketing partner listed in privacy policy for TruStage insurance products and joint marketing services.
- MastercardcoreDebit and credit card network provider. Mastercard zero-liability guarantee protects against fraudulent activity on debit card purchases, particularly in foreign countries.
- AnnualCreditReport.comminorReferral 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
Great Meadow Federal Credit Union competitors and assessment
Company assessmentDirect 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
Great Meadow Federal Credit Union social profiles
Digital presenceGreat Meadow Federal Credit Union compliance and trust
Trust signalCompliance4 records
Great Meadow Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Great Meadow Federal Credit Union leadership team
Management profileNumber of profiles
Great Meadow Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Great Meadow Federal Credit Union M&A and investment
M&A and investmentM&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
What does Great Meadow Federal Credit Union do?
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.
Is Great Meadow Federal Credit Union a public or private company?
Great Meadow Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Great Meadow Federal Credit Union founded?
Great Meadow Federal Credit Union was founded in 1956. It employs 11 to 50 people.
Where is Great Meadow Federal Credit Union based?
Great Meadow Federal Credit Union is headquartered in Greenville, United States, in the North America region.
How does Great Meadow Federal Credit Union make money?
Six revenue lines are on record. Interest Income from Lending is the primary driver. The others are checking Account Fees, savings and Certificate Income, GAP Insurance, mechanical Breakdown Protection and truStage Insurance Referrals.
Who are Great Meadow Federal Credit Union's main competitors?
Direct peers on record are Empower Federal Credit Union, Connex Credit Union, Green Mountain Credit Union, Sunmark Credit Union, Adirondack Regional Credit Union (ARFCU), Vermont State Employees Credit Union (VSECU), First New York Federal Credit Union and Hudson Valley Credit Union. Lake Placid Credit Union is listed as a regional player. Broadview Federal Credit Union (formerly SEFCU) is listed as a broad incumbent.
Does Great Meadow Federal Credit Union have an API?
No public API is recorded for Great Meadow Federal Credit Union.
What industry is Great Meadow Federal Credit Union in?
Great Meadow Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6035.