Western New York Federal Credit Union
Overview / Commentary
Western New York Federal Credit Union is headquartered in West Seneca and is the 99th largest credit union in the state of New York. It is also the 1,952nd largest credit union in the nation. It was established in 1964 and as of March of 2025, it had grown to 16 employees and 9,207 members at 1 location. Western New York Federal Credit Union has an A 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
Health
A
Data as of Q1 2025
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 | 1.53% |
| Return on Equity - YTD | 14.61% |
| Annual Interest Income | $891K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $87.5MM$82.4MM |
| Loans | Q1 2025vs Q1 2024 | $48.8MM$54.8MM |
| Deposits | Q1 2025vs Q1 2024 | $78MM$74.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $9MM$7.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $240K$265K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $110K$174K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |