Overview / Commentary
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 1,528th largest credit union in the nation. It was established in 1952 and as of June of 2024, it had grown to 27 employees and 10,614 members at 5 locations. Inner Lakes Federal Credit Union's money market rates are 6X the national average, and it has a B 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
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7717 |
| Year Chartered | 1952 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 27.53% |
| Annual Interest Income | $3.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $142.9MM$138.2MM |
| Loans | Q2 2024vs Q2 2023 | $57.4MM$51.5MM |
| Deposits | Q2 2024vs Q2 2023 | $137.4MM$134.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $4.8MM$2.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $513K$341K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $584K$344K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |