Inner Lakes Federal Credit Union is headquartered in Westfield and is the 78th largest credit union in the state of New York. It is also the 1,695th largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 22 employees and 9,095 members at 6 locations. Inner Lakes Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Must be an employee or member of any board of education who work in any school at Bemus Point, Brocton, Cassadaga, Chautauqua Lake, Fredonia, Ripley, Sherman or Westfield, New York or be an employee of other select companies and organizations.
See current membership details
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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 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7717 |
| Year Chartered | 1952 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 15.56% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $91.1MM$85.4MM |
| Loans | Q4 2018vs Q4 2017 | $37.7MM$35.1MM |
| Deposits | Q4 2018vs Q4 2017 | $84.2MM$79.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $6.8MM$6.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $149.00K$244.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $374.00K$223.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Inner Lakes 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.
Inner Lakes Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.36%* | $50k* | - | IRA Share | ||
| OTHER TIERS: 0.85% → Up to $25k | 1.11% → $25k - $50k | |||||
| 0.35%* | $35k* | - | Shares Savings | ||
| OTHER TIERS: 0.25% → $5 - $35k | |||||
| 0.25% | - | - | Christmas Club | ||
Inner Lakes Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.11%* | $50k* | - | Money Market | ||
| OTHER TIERS: 0.85% → $2.5k - $5k | 0.90% → $5k - $25k | 0.95% → $25k - $50k | |||||
Inner Lakes Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.78% | $1k | - | 48 Month CD | |
| 2.58% | $1k | - | 36 Month CD | |
| 2.32% | $1k | - | 24 Month CD | |
| 2.07% | $500 | - | 18 Month CD | |
| 1.87% | $500 | - | 12 Month CD | |
| 1.71% | $500 | - | 6 Month CD |
| Inner Lakes Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 21 Main St | Bemus Point, NY 14712-9303 |
| Branch Office | 19-21 E Main St | Westfield, NY 14787-1319 |
| Branch Office | 3795 Lakeview Rd | Fredonia, NY 14063-1972 |
| Branch Office | 138 W Main St | Brocton, NY 14716 |
| Branch Office | 338 Central Ave | Dunkirk, NY 14048 |
| Branch Office | 127 Park St | Sherman, NY 14781-9624 |