Sep, 30, 2025 — ONTARIO SHORES FEDERAL CREDIT UNION is a federal credit union headquartered in NEWFANE, NY with 5 branch locations and about $191.47 million in total assets. Opened 65 years ago in 1961, ONTARIO SHORES FEDERAL CREDIT UNION has about 11,652 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ONTARIO SHORES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2890 Transit Rd NEWFANE, NY 14108-9740 |
| Phone: | (716) 778-7423 |
| Fax: | (716) 778-8010 |
| Website: | https://www.osfcu.com |
| Branches: | 5 branch locations |
| Members: | 11,652 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14462 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jul 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $191,472,206 |
| CEO/Manager: | Jeffrey Bell |
| Chairperson: | Joseph Breczka |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,717,757 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,841,879 |
| Unsecured Loans | 3,970,132 |
| Other Loans | 20,953,822 |
| TOTAL LOANS | 92,765,833 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -554,000 |
| Land And Building | 5,393,802 |
| Other Fixed Assets | 591,254 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,433,243 |
| All Other Assets | 0 |
| TOTAL ASSETS | 191,472,206 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 720,341 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,488,157 |
| Regular shares | 80,824,018 |
| All Other Shares & Deposits | 51,735,695 |
| TOTAL SHARES & DEPOSITS | 170,047,870 |
| TOTAL LIABILITIES | 170,768,211 |
| Regular Reserve | 0 |
| Other Reserves | 1,680,239 |
| Undivided Earnings | 19,023,756 |
| TOTAL EQUITY | 20,703,995 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 191,472,206 |
| INCOME & EXPENSE | |
| Loan Income | 3,719,493 |
| Investment Income | 2,008,000 |
| Other Income | 398,795 |
| Total Employee Compensation & Benefits | 1,830,018 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,962,890 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,053 |
| Cost of Funds | 1,289,261 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,334,853 |
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