Overview / Commentary
Western New York Federal Credit Union is headquartered in West Seneca and is the 110th largest credit union in the state of New York. It is also the 2,244th largest credit union in the nation. It was established in 1964 and as of March of 2019, it had grown to 15 employees and 8,406 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
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Health
B+
Data as of Q1 2019
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 | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 3.52% |
| Annual Interest Income | $505.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $55.6MM$52.7MM |
| Loans | Q1 2019vs Q1 2018 | $35.8MM$31.6MM |
| Deposits | Q1 2019vs Q1 2018 | $50.1MM$47.7MM |
| Equity Capital | Q1 2019vs Q1 2018 | $5.2MM$4.8MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $151.00K$128.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $94.00K$314.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $107.00K$0 |
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Western New York Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Regular Share (Savings) Account | |
| 0.15% | $25 | - | Smart Savers Kid's Account | |
| 0.15% | $100 | - | Holiday Club Account | |
| 0.15% | - | - | Vacation Club Account |
Western New York Federal Credit Union CD Rates
Western New York Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | $99k | - | 24 Month Jumbo IRA | |
| 1.10% | $1k | - | 24 Month IRA | |
| 0.90% | $99k | - | 12 Month Jumbo IRA | |
| 0.85% | $1k | - | 12 Month IRA |
Locations
| Western New York Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1937 Union Rd | West Seneca, NY 14224 |