GPO Federal Credit Union

New laws and regulations are changing the face of financial institutions today, that is why it is important to truly understand how your credit union is different and unique.

Not-For-Profit:

GPO Federal Credit Union is a not-for-profit financial cooperative that is owned by you, our members. We exist to serve our members, not to make a profit. Credit Unions do not pay dividends to outside stockholders. We instead return our earnings to our members in the form of lower loan rates, higher savings rates, fewer fees, and great products and services.

Taxation:

Credit unions are exempt from Federal and most state taxes because we are member-owned not-for-profit organizations managed by a volunteer board of directors. We have a mission to serve the financial needs of consumers, especially those of modest means.

Ownership:

Each GPO Member has equal ownership in the credit union, regardless of how much money they have on deposit. At GPO, you are both a member and an owner, and are given the opportunity to vote for, and serve on our volunteer board of directors.

Membership Eligibility:

By current federal statute, credit unions cannot serve the general public. At GPO, people qualify for membership by working (them or a family member) for one of our 150 sponsored employee groups, or by living, working, or worshiping in many specified communities throughout Central New York. Family members of current members are automatically eligible for membership.

Education:

GPO is committed to educating our members and the community. Soon, GPO will be launching a website dedicated solely to educating our members on topics such as identity theft, home buying, etc. Keep watching your newsletter and our website for more information in the coming weeks and months.

Our Focus is You:

At GPO, our mission statement is simply, ‘Our Focus is You’. Our goal is to serve our member-owners, and to serve them well. Our members are very loyal for this reason. Your credit union will be here for you in good times and in bad, and we look forward to helping you and your family meet your financial goals.