Member Spotlight-Geddes Federal Savings and Loan

Presented by Solvay Bank

This feature of CEO Insights spotlights local companies that are “Economic Champions” because of their success in adding jobs; expanding their products or services; advancing diversity, equity and inclusion initiatives; gaining national recognition or contributing to the success of the region in special ways.

Geddes Federal Savings and Loan (Geddes) celebrates a milestone this year, its 75th anniversary. Originally located at 1705 Milton Avenue in Solvay, Geddes opened its doors on April 13, 1949. Daniel F. Mathews was the first president of the association, which opened with $36,000 in assets. Now, with locations in Westvale Plaza in Syracuse and Limestone Commons in Manlius, Geddes has grown to more than $651 million in assets.

Geddes and its employees continue to contribute to the community in which they live and work every day. Its employees are active in numerous nonprofit activities and serve on boards that have impacted many lives. Its customer service is rooted in traditional values rarely seen in today’s world while providing the products and services needed in today’s digital world.

“As we celebrate our 75th Anniversary our employees are proud to be part of this community and we are grateful to our employees, our customers and board of directors who have contributed to our success,” President of Geddes Brian DuMond said. “The future for Geddes Savings and Loan continues to be strong and we are committed to remain uniquely local.”

Geddes recently announced an exciting project with Home Headquarters Inc. and the State of New York. Over the next four years, Geddes and partners will work together to construct 40 homes for community members who may find housing a challenge.

“Geddes will continue to embrace and invest in our communities, and we look forward to another 75 years,” Chairman of the Board Daniel F. Mathews, III said.

For more information on Geddes, visit its website.