Online Account Access
Frequently Asked Questions
- We are five star rated and have stood the test of time, providing banking services to our customers for over 75 years.
- Customer Convenience-Local Service - You're our neighbor, not a number.
- We are known for superior customer service. Ask your friends and neighbors!
- We don't sell your mortgage on the secondary market.
- We offer online banking & online mortgage applications and loan prequalifications for your convenience. Or, stop in! We would love to see you.
- We have several products and programs designed to save you money, including a first time homebuyer program, a program for low to moderate income borrowers, and biweekly mortgage options to name a few.
- We don’t charge private mortgage insurance (PMI)!
- Our Mobile App is convenient for when you are on the go!
- We have fraud protection programs in place to help keep your money safe.
- Rest easy at night because your savings are FDIC insured. The standard insurance amount is $250,000 per depositor, for each account ownership category.
Yes. The standard insurance amount is $250,000 per depositor for each account ownership category. Since 1933, no depositor has ever lost a penny of FDIC-insured funds. Learn more about deposit insurance at https://edie.fdic.gov/index.html.
NO! Geddes Federal holds all of its mortgage loans. We will service and keep your loan for the duration. If you ever have a question or issue, you can call and speak to someone directly or stop in to see us. No 1-800 #s! We are a local lender. All your mortgage documents are held in-house, so there is no chance of information being misplaced. Call us at (315) 468-6281.
Geddes Federal Savings and Loan NEVER charges private mortgage insurance to its borrowers.
Yes, we do. If you have not owned a home in the last three years, you may qualify for up to $1,600 off your mortgage tax and attorney fee at closing, as well as other benefits. To learn more, please contact us at (315) 468-6281.
Yes! Our GeddesStart program is designed with our low to moderate income borrowers in mind. Call us today for details on how we may be able to make your dream of homeownership a reality. (315) 468-6281
Unlike some lenders, points are optional at Geddes Federal Savings and Loan Association. You can pay up two points. For example if you pay one point (equal to 1% of the loan amount) your rate is reduced by 1/4th%. If you choose to pay two points (equal to 2% of the loan) your rate is reduced by another 1/4th%.
- Have your payment automatically withdrawn from an account at Geddes Federal or another financial institution.
- Through our website – geddesfederal.com. Once you sign up for online banking, get your mortgage and account you are debiting set up, and you are good to go.
- Mail your payment to us.
- In person. It's always great to see our customers.
- Use your online banking at another financial institution.
Our Main Office is located in Westvale Plaza, 2208 West Genesee Street, Syracuse. We also have a branch located in Limestone Commons at 240 West Seneca Street, Manlius NY. Please stop in or use our drive-thru at either of our locations.
Appointments are also available at (315) 468-6281.
Yes, we offer Online Banking.
Featuring:
- Bill Pay
- Balance inquiries
- Account transfers
- Remote Check Deposit
- Account history
- E Statements
- E Mortgage Statements
Also check out our easy to use Mobile App!
Yes, the Westvale Plaza Drive Thru is open on Saturdays from 9 am to 12 pm. While the lobby is closed, customer service representatives and mortgage originators are available by appointment only.
Yes, we offer a savings account for children under the age of 18 called the "Kids Club" Account.
Yes. In addition to our two ATMs located at the Westvale Plaza office and one ATM at our Manlius Branch, we are members of the All Point Network. This provides our cardholders over 55,000 surcharge-free locations throughout the United States, Canada, Mexico, Puerto Rico, United Kingdom, and Australia.
Yes, located at both the Westvale Plaza location in Syracuse and the Limestone Commons location in Manlius.
A home equity loan allows you to borrow against the equity in your home, receiving a lump sum with a fixed interest rate and monthly payments. Geddes Federal's home equity loans allow you to borrow up to 90% of your home's value minus your existing mortgage balance. The loan is secured by your home, often resulting in better interest rates than unsecured loans.
Home equity loans are ideal for major expenses like home renovations, debt consolidation, or education costs.
A home equity loan provides a lump sum with fixed payments, while a Home Equity Line of Credit (HELOC) works like a credit card, allowing you to borrow as needed up to your approved limit.
Geddes Federal offers fixed rate HELOCs and variable rate HELOCs, while our home equity loans provide payment predictability with fixed rates.
A certificate of deposit (CD) is a time deposit that offers higher interest rates in exchange for leaving your money untouched for a specified period. Geddes Federal's certificate of deposits include terms from 4 months up to 72 months with compounded daily interest posted quarterly.
CDs are ideal for funds you won't need immediate access to and want to earn higher interest than traditional savings accounts.
A Roth IRA uses after-tax dollars, grows tax-free, and offers tax-free withdrawals in retirement. Traditional IRAs use pre-tax dollars, provide current tax deductions, but withdrawals are taxed as income. Roth IRAs have no required minimum distributions, while traditional IRAs require distributions starting at age 73.
Yes! You may qualify for more than $250,000 in coverage at Geddes Federal if you own deposit accounts in different ownership categories. The most common account ownership categories for individual and family deposits are single accounts, joint accounts, revocable trusts accounts, and certain retirement accounts. Still confused? Why not stop in to one of our branches or give us a call and one of our friendly customer service representatives can help. (315) 468-6281
Construction loans fund your home building project from ground breaking to move-in day. At Geddes Federal, our construction loans offer one convenient closing for both construction and permanent financing, eliminating the need for separate loans. You can include land in the construction contract or use land you already own free and clear.
During construction, funds are released through draws based on percentage completion, and construction must be performed by an experienced contractor (though we may work with owner-builders). We offer both fixed and adjustable rate options with rates locked at application time, including a special 250-day rate lock for builder-financed construction. Our loans require no private mortgage insurance (PMI) and offer terms from 7-30 years depending on loan type.
Pre-qualification is an estimate based on self-reported financial information, while pre-approval involves verification of your income, assets, and credit. Pre-approval provides a conditional commitment for a specific loan amount and shows sellers you're a serious buyer.
Pre-approval requires documentation like pay stubs, tax returns, and bank statements. It's more valuable in competitive markets and gives you confidence in your budget when house hunting.