Sep, 30, 2025 — INNER LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in WESTFIELD, NY with 5 branch locations and about $156.90 million in total assets. Opened 74 years ago in 1952, INNER LAKES FEDERAL CREDIT UNION has about 10,462 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: | INNER LAKES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 19-21 E Main St WESTFIELD, NY 14787-1319 |
| Phone: | (716) 326-3858 |
| Fax: | (716) 326-7550 |
| Website: | https://www.innerlakesfcu.org |
| Branches: | 5 branch locations |
| Members: | 10,462 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7717 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $156,900,943 |
| CEO/Manager: | Carl M Swan |
| Chairperson: | William Bills |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,230,086 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,824,105 |
| Unsecured Loans | 11,724,897 |
| Other Loans | 28,662,374 |
| TOTAL LOANS | 54,211,377 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -544,458 |
| Land And Building | 835,215 |
| Other Fixed Assets | 145,148 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,454,668 |
| All Other Assets | 0 |
| TOTAL ASSETS | 156,900,943 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 776,467 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,026,759 |
| Regular shares | 67,323,156 |
| All Other Shares & Deposits | 51,969,544 |
| TOTAL SHARES & DEPOSITS | 147,319,460 |
| TOTAL LIABILITIES | 148,095,927 |
| Regular Reserve | 0 |
| Other Reserves | -6,532,574 |
| Undivided Earnings | 15,337,590 |
| TOTAL EQUITY | 8,805,016 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,900,943 |
| INCOME & EXPENSE | |
| Loan Income | 2,625,238 |
| Investment Income | 2,469,144 |
| Other Income | 282,436 |
| Total Employee Compensation & Benefits | 1,438,437 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,626,068 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 324,773 |
| Cost of Funds | 1,478,971 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 897,147 |
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