Inner Lakes Federal Credit Union
Headquarters
19-21 E Main St
Westfield, NY 14787
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2024 Overview
General Credit Union Information
Inner Lakes is an NCUA insured institution located in Westfield, NY. It was founded in 1952 and has approximately $142.9 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 7717 |
| Date Established | 1952 |
| Assets | $142.90 million |
| Loans | $57.44 million |
| Deposits | $137.45 million |
| Capital | $14.00 million |
Field of Membership Restrictions
Must be an employee or member of any board of education who work in any school at Bemus Point, Brocton, Cassadaga, Chautauqua Lake, Fredonia, Ripley, Sherman or Westfield, New York or be an employee of other select companies and organizations.
Deposit Rates - December 15, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.55% | $5 | $1,499 |
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|
| Regular Shares
|
0.45% | $1,500 | $14,999 |
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|
| Regular Shares
|
0.50% | $15,000 | $34,999 |
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|
| Regular Shares
|
0.55% | $35,000 | - |
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|
|
Money Market
|
2.27% | $5,000 | $24,999 |
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|
|
Money Market
|
2.48% | $25,000 | $49,999 |
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|
|
Money Market
|
2.48% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.07% | $500 | - |
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|
| 12 Mo CD
|
4.33% | $500 | - |
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|
| 18 Mo CD
|
4.33% | $500 | - |
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|
| 24 Mo CD
|
4.06% | $1,000 | - |
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|
| 36 Mo CD
|
4.07% | $1,000 | - |
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|
| 48 Mo CD
|
3.92% | $1,000 | - |
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|
| 60 Month
|
3.92% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
1.46% | $1 | $4,999 | Learn More |
Loan Rates - December 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Inner Lakes
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2592312 License#: RM.805266.000 |
6.622% | 6.500% | 0.88 | $4,275 | $2,023 | Learn More |
NMLS ID: 1907 |
6.686% | 6.500% | 1.00 | $6,202 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.716% | 6.625% | 0.75 | $3,023 | $2,049 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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More Info |
Rate See Table |
Intro APR 7.750 % After Intro: 7.750 % |
$25,000 |
Learn More
More Info |
Note to Inner Lakes
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Inner Lakes branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Inner Lakes Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 243.30 | A | View Lobby Hours | |
| 243.93 | B | View Lobby Hours | |
| 259.92 | C | View Lobby Hours | |
| 270.41 | D | View Lobby Hours |
Climate Policy and Initiatives
INNER LAKES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Inner Lakes Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Inner Lakes. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Inner Lakes | U.S. Average |
|---|---|
| 2.80% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Inner Lakes had $398,125 in non-current loans and $0 in owned assets. To cover these potential losses it had $13,998,760 in net worth and $243,562 in loans loss reserves. That gives it a Texas Ratio of 2.80%.
Net Worth
| Inner Lakes | U.S. Average |
|---|---|
| 9.78% | 13.93% |
Inner Lakes FCU has a net worth of 9.78% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Inner Lakes
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