Sep, 30, 2025 — NIAGARA REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH TONAWANDA, NY with 3 branch locations and about $36.49 million in total assets. Opened 87 years ago in 1939, NIAGARA REGIONAL FEDERAL CREDIT UNION has about 2,386 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NIAGARA REGIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1285 Erie Ave NORTH TONAWANDA, NY 14120 |
| Phone: | (716) 694-7344 |
| Fax: | (716) 694-6066 |
| Website: | https://www.niagararegionalfcu.org |
| Branches: | 3 branch locations |
| Members: | 2,386 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3285 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,487,542 |
| CEO/Manager: | Brenda L Michalowski |
| Chairperson: | Thomas Eberwein |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,437,518 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,888,422 |
| Unsecured Loans | 1,561,682 |
| Other Loans | 7,083,535 |
| TOTAL LOANS | 23,533,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,348 |
| Land And Building | 549,564 |
| Other Fixed Assets | 18,318 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 316,366 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,487,542 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,674 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,549 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,314,754 |
| Regular shares | 18,111,116 |
| All Other Shares & Deposits | 6,772,161 |
| TOTAL SHARES & DEPOSITS | 33,198,030 |
| TOTAL LIABILITIES | 33,298,253 |
| Regular Reserve | 0 |
| Other Reserves | 32 |
| Undivided Earnings | 3,189,257 |
| TOTAL EQUITY | 3,189,289 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,487,542 |
| INCOME & EXPENSE | |
| Loan Income | 906,292 |
| Investment Income | 365,226 |
| Other Income | 96,661 |
| Total Employee Compensation & Benefits | 397,560 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 595,942 |
| Non-operating Income & (Expense) | 5,639 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 221,357 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 225,419 |
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