Inner Lakes Federal Credit Union
Inner Lakes Federal Credit Union is headquartered in Westfield and is the 71st largest credit union in the state of New York. It is also the 1,595th largest credit union in the nation. It was established in 1952 and as of December of 2022, it had grown to 21 employees and 8,719 members at 4 locations. Inner Lakes Federal Credit Union has a C health rating.
Field of Membership Restrictions
Inner Lakes Federal Credit Union is open to businesses and anyone who lives, works, worships, or goes to school in Chautauqua County. Immediate family and household members are also eligible to join.
See current membership details
Best Credit union!
I have been with these guys since I was pretty much alive. I had a joint account with my mom that stated my savings. We went up there all the time to do banking and I got to know the girls that worked there. You really have that super personal feeling when you walk in. They literally know ALL of the members there. You don't have all of the paperwork that most banks give you. They simply ID you for regulation sake, and then ask you what they can help you with. They don't have any annoying fees, and I've literally never seen them make a mistake, unlike other banks. The one time that I did see them make a mistake, they admitted to it and reversed it immediately without charging anyone all of those BS fees that other banks will. Due to how easy and real these guys are, I still keep my money there after having moved away ten years ago! I highly recommend them to anyone looking for a credit union!
My Favorite Credit Union
I have been a member of this bank since I was pretty much born. They are staffed by various local girls that I have known my entire life on a first name basis. I can say that they are always very willing to help you with anything that you need. Their fees are reasonable. I have never had more than one fee ever and that was due to my checking account being empty and having to move funds from another account. When you go in, they don't have all of this paperwork that you need to fill out. Why? Because they KNOW you. They know who you are, simply ID you for regulations, and move on with your request. I always can get fast, very personal help there without all the extra steps and paperwork that you get from other banks and that is why I go here. It is truly the reason why, after moving away 10 years ago, that I keep a good portion of my money still with them. I wouldn't work with any other bank unless I needed something that they couldn't provide!
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7717 |
| Year Chartered | 1952 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.81% |
| Return on Equity - YTD | 66.17% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $131.2MM$135.7MM |
| Loans | Q4 2022vs Q4 2021 | $49.0MM$42.9MM |
| Deposits | Q4 2022vs Q4 2021 | $129.1MM$125.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $1.6MM$10.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $244.00K$205.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $384.00K$313.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |