Overview / Commentary
Western New York Federal Credit Union is headquartered in West Seneca and is the 102nd largest credit union in the state of New York. It is also the 2,070th largest credit union in the nation. It was established in 1964 and as of June of 2021, it had grown to 16 employees and 8,194 members at 1 location. Western New York Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Western New York Federal Credit Union is open to those who live, work, worship or attend school in Erie County, NY.
See current membership details
Health
B+
Data as of Q2 2021
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. Western New York Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 16042 |
| Year Chartered | 1964 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 6.46% |
| Annual Interest Income | $875.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $77.6MM$64.5MM |
| Loans | Q2 2021vs Q2 2020 | $36.8MM$34.4MM |
| Deposits | Q2 2021vs Q2 2020 | $71.1MM$58.4MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.3MM$5.9MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $183.00K$231.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $60.00K$46.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $124.00K$124.00K |