Overview / Commentary
Encompass Niagara Federal Credit Union is headquartered in Niagara Falls and is the 220th largest credit union in the state of New York. It is also the 3,791st largest credit union in the nation. It was established in 1934 and as of December of 2022, it had grown to 4 employees and 1,278 members at 1 location. Encompass Niagara Federal Credit Union's CD rates are 4X the national average, and it has a B health rating.
Field of Membership Restrictions
Encompass Niagra Federal Credit Union of New York is open to the residents, church members, community volunteers, registered students and those who work within Niagra County.
See current membership details
Health
B
Data as of Q4 2022
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. Encompass Niagara Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24873 |
| Year Chartered | 1934 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.24% |
| Return on Equity - YTD | -9.34% |
| Annual Interest Income | $399.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $11.6MM$11.3MM |
| Loans | Q4 2022vs Q4 2021 | $7.6MM$5.6MM |
| Deposits | Q4 2022vs Q4 2021 | $10.1MM$9.5MM |
| Equity Capital | Q4 2022vs Q4 2021 | $1.5MM$1.7MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $86.00K$44.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $103.00K$111.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |