Overview / Commentary
Empire ONE Federal Credit Union is headquartered in West Seneca and is the 103rd largest credit union in the state of New York. It is also the 2,060th largest credit union in the nation. It was established in 1935 and as of December of 2024, it had grown to 12 employees and 5,117 members at 2 locations. Empire ONE Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership with Empire ONE Federal Credit Union is open to those who live, work, worship, or attend school in Erie County, New York.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional 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. Empire ONE Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 613 |
| Year Chartered | 1935 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 0.82% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $76.8MM$79.4MM |
| Loans | Q4 2024vs Q4 2023 | $30.8MM$33.3MM |
| Deposits | Q4 2024vs Q4 2023 | $68.5MM$71.1MM |
| Equity Capital | Q4 2024vs Q4 2023 | $8.1MM$8MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $125K$249K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $123K$70K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |