Sep, 30, 2025 — AMHERST FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSVILLE, NY with 1 branch location and about $40.56 million in total assets. Opened 79 years ago in 1947, AMHERST FEDERAL CREDIT UNION has about 3,850 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMHERST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6470 Main St WILLIAMSVILLE, NY 14221-5851 |
| Phone: | (716) 634-3881 |
| Fax: | (716) 634-1272 |
| Website: | https://www.amherstcu.org |
| Branches: | 1 branch locations |
| Members: | 3,850 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5439 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,561,476 |
| CEO/Manager: | Keri A Walczyk |
| Chairperson: | James Fregelette |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,701,463 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,757,784 |
| Unsecured Loans | 2,285,051 |
| Other Loans | 8,326,986 |
| TOTAL LOANS | 20,369,821 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,656 |
| Land And Building | 123,377 |
| Other Fixed Assets | 9,914 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 358,691 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,561,476 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,053 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,956,751 |
| Regular shares | 26,327,087 |
| All Other Shares & Deposits | 3,135,815 |
| TOTAL SHARES & DEPOSITS | 36,419,653 |
| TOTAL LIABILITIES | 36,438,706 |
| Regular Reserve | 0 |
| Other Reserves | -3,243 |
| Undivided Earnings | 4,126,013 |
| TOTAL EQUITY | 4,122,770 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,561,476 |
| INCOME & EXPENSE | |
| Loan Income | 823,021 |
| Investment Income | 352,889 |
| Other Income | 60,639 |
| Total Employee Compensation & Benefits | 393,738 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 483,676 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,913 |
| Cost of Funds | 125,441 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 321,257 |
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