Sep, 30, 2025 — GOWANDA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in GOWANDA, NY with 1 branch location and about $30.91 million in total assets. Opened 91 years ago in 1935, GOWANDA AREA FEDERAL CREDIT UNION has about 1,877 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOWANDA AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14266 Taylor Hollow Rd GOWANDA, NY 14070-9703 |
| Phone: | (716) 532-3790 |
| Fax: | (716) 532-4629 |
| Website: | https://www.gafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,877 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 818 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,907,146 |
| CEO/Manager: | Lisa A Hill |
| Chairperson: | Dawn M Spires |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,404,562 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,019,035 |
| Unsecured Loans | 500,304 |
| Other Loans | 11,798,057 |
| TOTAL LOANS | 13,317,397 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,095 |
| Land And Building | 0 |
| Other Fixed Assets | 47,896 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 265,665 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,907,146 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,035 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,223 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,828,246 |
| Regular shares | 17,219,942 |
| All Other Shares & Deposits | 1,916,204 |
| TOTAL SHARES & DEPOSITS | 25,964,392 |
| TOTAL LIABILITIES | 26,007,650 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,899,496 |
| TOTAL EQUITY | 4,899,496 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,907,146 |
| INCOME & EXPENSE | |
| Loan Income | 487,719 |
| Investment Income | 542,285 |
| Other Income | 44,567 |
| Total Employee Compensation & Benefits | 211,188 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 252,219 |
| Non-operating Income & (Expense) | -5 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 57,726 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 620,827 |
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