Overview / Commentary
Good Neighbors Credit Union is headquartered in Depew and is the 89th largest credit union in the state of New York. It is also the 1,875th largest credit union in the nation. It was established in 1957 and as of March of 2025, it had grown to 37 employees and 10,532 members at 3 locations. Good Neighbors Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership in Good Neighbors Credit Union is open to those who live, work, attend school, or worship in Erie County in New York.
See current membership details
Health
C+
Data as of Q1 2025
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. Good Neighbors Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 11663 |
| Year Chartered | 1957 |
| Employees | 37 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.89% |
| Return on Equity - YTD | -11.37% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $95.3MM$96MM |
| Loans | Q1 2025vs Q1 2024 | $58.6MM$61.2MM |
| Deposits | Q1 2025vs Q1 2024 | $87.7MM$87.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.4MM$8.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $867K$658K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2.1MM$2MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |