Niagara's Choice Credit Union is headquartered in Niagara Falls and is the 51st largest credit union in the state of New York. It is also the 1,083rd largest credit union in the nation. It was established in 1953 and as of December of 2020, it had grown to 62 employees and 23,903 members at 6 locations. Niagara's Choice Credit Union has a B+ health rating.
Field of Membership Restrictions
Niagara's Choice Credit Union membership is available to all persons who volunteer, live, work, worship or attend school in Niagara County.
See current membership details
Good credit union
I have had a very good experience with this credit union. They even mailed me something I left on their counter once (a receipt). I was able to open accounts for my children easily, and they make it easy for you to manage all of your accounts (including your kid's) online in one place. They also have good programs like life insurance for members. Their employees are pleasant and friendly, and they are able to get people through line quickly. I have never waited more than 5 minutes. One of their branches also has a "little library" book exchange area in their foyer, which is nice if you have a book you've read and you want to trade it. Overall a good, friendly, neighborhood credit union that serves many local businesses.
Great place to do business
I've been a customer of Niagara's Choice Credit Union for more than a decade. I've had nothing but positive experiences in that time. I got a hassle-free car loan at a great rate and manageable payments. They helped me set up a vacation account that was comprehensive and easy to use. And their checking services offer a variety of amenities that are valuable to customers.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8693 |
| Year Chartered | 1953 |
| Employees | 62 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 6.1% |
| Annual Interest Income | $7.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $231.1MM$196.3MM |
| Loans | Q4 2020vs Q4 2019 | $126.9MM$130.8MM |
| Deposits | Q4 2020vs Q4 2019 | $207.5MM$174.5MM |
| Equity Capital | Q4 2020vs Q4 2019 | $22.0MM$19.9MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.4MM$1.4MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.9MM$2.9MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |