2. Amherst Federal Credit Union

Amherst Federal Credit Union


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

Amherst Federal Credit Union is headquartered in Williamsville and is the 143rd largest credit union in the state of New York. It is also the 2,726th largest credit union in the nation. It was established in 1947 and as of June of 2018, it had grown to 7 employees and 3,963 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
B

Data as of Q2 2018

Learn why bank health matters
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 - YTD0.24%
Return on Equity - YTD3.17%
Annual Interest Income$485.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$34.8MM$33.7MM
LoansQ2 2018vs Q2 2017$14.7MM$14.4MM
DepositsQ2 2018vs Q2 2017$32.2MM$31.2MM
Equity CapitalQ2 2018vs Q2 2017$2.5MM$2.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$73.00K$53.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$71.00K$44.00K
Real Estate OwnedQ2 2018vs Q2 2017$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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