Gowanda Area Federal Credit Union
Overview / Commentary
Gowanda Area Federal Credit Union is headquartered in Gowanda and is the 162nd largest credit union in the state of New York. It is also the 2,856th largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 3 employees and 1,896 members at 1 location. Gowanda Area Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Gowanda Area Federal Credit Union is open to Friends of the Town of Collins Public Library, and employees from NY State employers, Seneca Nation of Indians, local area businesses and municipalities.
See current membership details
Health
B+
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. Gowanda Area Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 818 |
| Year Chartered | 1935 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.44% |
| Return on Equity - YTD | 16.99% |
| Annual Interest Income | $345K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $31.5MM$28.9MM |
| Loans | Q1 2025vs Q1 2024 | $13.6MM$13.9MM |
| Deposits | Q1 2025vs Q1 2024 | $26.9MM$25.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $4.5MM$3.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $17K$17K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $0$26K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |