Greater Niagara Federal Credit Union
LOCATIONS
2
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HEALTH RATING
B+
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CURRENT TOP RATE
0.50% APY
2 Year CD
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Overview / Commentary
Greater Niagara Federal Credit Union is headquartered in NIAGARA FALLS and is the 113th largest credit union in the state of New York. It is also the 2,281st largest credit union in the nation. It was established in 1954 and as of December of 2019, it had grown to 17 employees and 8,029 members at 2 locations. Greater Niagara Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school, or conduct business in Niagara County.
See current membership details
Health
B+
Data as of Q4 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. Greater Niagara Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9537 |
| Year Chartered | 1954 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 2.69% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $52.8MM$50.6MM |
| Loans | Q4 2019vs Q4 2018 | $30.8MM$26.3MM |
| Deposits | Q4 2019vs Q4 2018 | $46.1MM$44.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $6.3MM$6.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $188.00K$116.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $378.00K$322.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |