Sep, 30, 2025 — WESTERN DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSVILLE, NY with 2 branch locations and about $216.24 million in total assets. Opened 89 years ago in 1937, WESTERN DIVISION FEDERAL CREDIT UNION has about 11,328 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTERN DIVISION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6750 MAIN ST WILLIAMSVILLE, NY 14221 |
| Phone: | (716) 632-9328 |
| Fax: | (716) 632-1383 |
| Website: | https://www.westerndivision.org |
| Branches: | 2 branch locations |
| Members: | 11,328 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24731 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $216,238,995 |
| CEO/Manager: | Robert Harms |
| Chairperson: | Peter Seitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,530,440 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 96,290,429 |
| Unsecured Loans | 9,136,464 |
| Other Loans | 62,830,550 |
| TOTAL LOANS | 168,257,443 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -376,860 |
| Land And Building | 1,216,991 |
| Other Fixed Assets | 677,147 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,679,079 |
| All Other Assets | 14,675 |
| TOTAL ASSETS | 216,238,995 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 666 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 472,818 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,422,597 |
| Regular shares | 67,764,754 |
| All Other Shares & Deposits | 91,609,372 |
| TOTAL SHARES & DEPOSITS | 179,796,722 |
| TOTAL LIABILITIES | 185,270,206 |
| Regular Reserve | 0 |
| Other Reserves | 5,074,958 |
| Undivided Earnings | 25,893,831 |
| TOTAL EQUITY | 30,968,789 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 216,238,995 |
| INCOME & EXPENSE | |
| Loan Income | 7,226,131 |
| Investment Income | 941,655 |
| Other Income | 241,495 |
| Total Employee Compensation & Benefits | 2,037,688 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,906,140 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 273,649 |
| Cost of Funds | 2,338,948 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,443,977 |
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