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Overview / Commentary
6470 Main Street, Suite 5
Amherst, NY 14221

Amherst Federal Credit Union is headquartered in Williamsville and is the 147th largest credit union in the state of New York. It is also the 2,839th largest credit union in the nation. It was established in 1947 and as of December of 2016, it had grown to 7 employees and 4,182 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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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

NCUA #5439
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.81%
Annual Interest Income$906.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$31.7MM$30.1MM
LoansQ4 2016vs Q4 2015$14.1MM$15.0MM
DepositsQ4 2016vs Q4 2015$29.1MM$27.8MM
Equity CapitalQ4 2016vs Q4 2015$2.5MM$2.4MM
Loan Loss AllowanceQ4 2016vs Q4 2015$35.00K$57.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$53.00K$36.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
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Amherst Federal Credit Union Savings Account Rates

0.15%$100-Share Account
0.15%$100-Holiday Club Account

Amherst Federal Credit Union CD Rates

0.25%$1k-1 Year Share Certificate

Amherst Federal Credit Union IRA Rates

0.25%$1k-1 Year IRA Share Certificate

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