Great Erie Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.79% | 5-year CD | 2.27% - National Average |
| 1.51% | 1-year CD | 1.37% - National Average |
| 0.20% | Savings | 2.20% - Barclays Online Savings Account |
Great Erie Federal Credit Union is headquartered in Orchard Park and is the 81st largest credit union in the state of New York. It is also the 1,724th largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 18 employees and 8,227 members at 2 locations. Great Erie Federal Credit Union's CD rates are 68% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer, work or attend school or other legal entities in the townships of: Aurora, Boston, Brant, Colden, Collins, Concord, Eden, Elma, Evans, Hamburg, Holland, Marilla, North Collins, Orchard Park, Sardinia, Wales, West Seneca or the City of Lackawanna, New York.
See current membership details
Great Erie Federal Credit Union Is Horrible
This credit union used to be Orchard Park Federal Credit Union. When it made the switch to the now Great Erie Federal Credit Union things just went down hill. They no longer care about keeping the customers they've had for years. They charge ridiculous high fees for petty things they never had fees for before. I sincerely advise taking your business elsewhere. I only gave it one star because I was required to score something. I wouldn't have given them anything if it would have allowed me.
Poor Communication And A Complete Lack Of Customer Service.
My car was repossessed with only feeble attempts at first attempting to resolve the issue. First admittedly, the bank failed to continue making automated payments and after one phone call from the credit union, I attempted to resolve the issue and also sent additional payments. Nothing was ever communicated to me in writing from the credit union. When I asked them to fully or partially waive the $350 fee for the repossession, I was told that they wouldn't rescind the charge and that they; "did not have to send out written notice". I have to think that there is a difference between "we don't have to" and what I would call common courtesy.
Granted, I am still pursuing the bank for the same charges, but in the interest of customer service, wouldn't it be better to give your customer a written "heads-up" to take care of the issue before sending the tow truck. At the time of repossession, the statement read that we were behind in payment by $377.00. Also at the same time, over $4000.00 was in the account that was set up to auto - pay the loan.
In hindsight, keep an eye on your bank (my fault) and borrow money from someone who actually cares about their customers. I can tell you that someone is not Great Erie Federal Credit Union.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7925 |
| Year Chartered | 1952 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 8.55% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $88.3MM$86.6MM |
| Loans | Q4 2018vs Q4 2017 | $62.8MM$53.6MM |
| Deposits | Q4 2018vs Q4 2017 | $78.7MM$77.8MM |
| Equity Capital | Q4 2018vs Q4 2017 | $9.2MM$8.3MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $288.00K$265.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $141.00K$197.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Great Erie Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Great Erie Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $50k* | - | IRA Account | ||
| OTHER TIERS: 0.45% → $50 - $25k | 0.50% → $25k - $50k | |||||
| 0.20% | $25 | - | Savings Accounts | ||
| 0.20% | - | - | Youth Savings Account | ||
Great Erie Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.45% → $2.5k - $25k | 0.50% → $25k - $50k | |||||
Great Erie Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.79% | $1k | - | 5 Year CD | |
| 2.53% | $1k | - | 3 Year CD | |
| 2.53% | $1k | - | 4 Year CD | |
| 2.28% | $1k | - | 2 Year CD | |
| 1.51% | $1k | - | 1 Year CD | |
| 0.90% | $1k | $50k | 6 Month CD | |
| 0.75% | $1k | $50k | 3 Month CD |
Great Erie Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.79% | $1k | - | 5 Year IRA | |
| 2.53% | $1k | - | 3 Year IRA | |
| 2.53% | $1k | - | 4 Year IRA | |
| 2.28% | $1k | - | 2 Year IRA | |
| 1.51% | $1k | - | 1 Year IRA |
| Great Erie Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 4000 N Buffalo St | Orchard Park, NY 14127 |
| Branch Office | 591 Main St | East Aurora, NY 14052 |