Western New York Federal Credit Union


Overview / Commentary
716-771-5000
1937 Union Rd
West Seneca, NY 14224

Western New York Federal Credit Union is headquartered in West Seneca and is the 92nd largest credit union in the state of New York. It is also the 1,962nd largest credit union in the nation. It was established in 1964 and as of December of 2023, it had grown to 16 employees and 8,741 members at 1 location. Western New York Federal Credit Union's CD rates are 5X the national average, and it 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, New York.
See current membership details

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Health
Additional 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 Chartered1964
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD12.48%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$86.4MM$83.3MM
LoansQ4 2023vs Q4 2022$56.5MM$44.6MM
DepositsQ4 2023vs Q4 2022$73.1MM$76MM
Equity CapitalQ4 2023vs Q4 2022$7.9MM$6.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$216K$168K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$219K$128K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Western New York Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Regular Share (Savings) Account
0.10%$25-Smart Savers Kid's Account
0.10%$100-Holiday Club Account
0.10%--Vacation Club Account

Western New York Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.11%$99k-12 Month Jumbo Term Share Deposit
4.10%$99k-6 Month Jumbo Term Share Deposit
4.06%$1k-12 Month Regular Term Share Deposit
4.05%$1k-6 Month Regular Term Share Deposit
3.85%$99k-18 Month Jumbo Term Share Deposit
3.80%$1k-18 Month Regular Term Share Deposit
3.60%$99k-24 Month Jumbo Term Share Deposit
3.55%$2.5k-24 Month Regular Term Share Deposit
3.09%$99k-36 Month Jumbo Term Share Deposit
3.03%$2.5k-36 Month Regular Term Share Deposit

Western New York Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.11%$99k-12 Month Jumbo IRA
4.06%$1k-12 Month IRA
3.80%$1k-18 Month IRA
3.60%$99k-24 Month Jumbo IRA
3.55%$1k-24 Month IRA
3.03%$1k-36 Month IRA
Locations


Western New York Federal Credit Union Locations
Branch Office1937 Union RdWest Seneca, NY 14224

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