Amherst Federal Credit Union


Overview / Commentary
716-634-3881
6470 Main Street, Suite 5
Amherst, NY 14221

Amherst Federal Credit Union is headquartered in Williamsville and is the 142nd largest credit union in the state of New York. It is also the 2,712th largest credit union in the nation. It was established in 1947 and as of June of 2019, it had grown to 7 employees and 3,989 members at 1 location. Amherst Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those live, work, attend school, or worship in, and businesses and other legal entities located in the Towns of Amherst, West Seneca, Cheektowaga or the Village of Depew in Erie County, New York.
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Amherst Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #5439
Year Chartered1947
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD4.2%
Annual Interest Income$520.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$34.8MM$34.8MM
LoansQ2 2019vs Q2 2018$15.9MM$14.7MM
DepositsQ2 2019vs Q2 2018$32.0MM$32.2MM
Equity CapitalQ2 2019vs Q2 2018$2.8MM$2.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$99.00K$73.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$18.00K$71.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Amherst Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-Share Account
0.20%$100-Holiday Club

Amherst Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$1k-1 Year Share Certificate

Amherst Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$1k-1 Year IRA
Locations


Amherst Federal Credit Union Locations
Branch Office6470 Main St Ste 5Williamsville, NY 14221-5851

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