Overview / Commentary
Gowanda Area Federal Credit Union is headquartered in Gowanda and is the 175th largest credit union in the state of New York. It is also the 3,247th largest credit union in the nation. It was established in 1935 and as of September of 2019, it had grown to 4 employees and 2,062 members at 1 location. Gowanda Area Federal Credit Union has a B health rating.
Field of Membership Restrictions
Must be an employee of the New York State, Seneca Nation of Indians, local municipality or other select organizations.
See current membership details
Health
B
Data as of Q3 2019
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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.41% |
| Return on Equity - YTD | 14.27% |
| Annual Interest Income | $464.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $21.8MM$21.5MM |
| Loans | Q3 2019vs Q3 2018 | $9.0MM$7.2MM |
| Deposits | Q3 2019vs Q3 2018 | $19.7MM$19.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $2.2MM$1.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $13.00K$10.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $0$18.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |