Sep, 30, 2025 — NIAGARA'S CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 5 branch locations and about $255.98 million in total assets. Opened 73 years ago in 1953, NIAGARA'S CHOICE FEDERAL CREDIT UNION has about 22,101 members and employs 60 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'S CHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3619 Packard Rd NIAGARA FALLS, NY 14303-2224 |
| Phone: | (716) 284-4110 |
| Fax: | (716) 284-4123 |
| Website: | https://www.niagaraschoice.org |
| Branches: | 5 branch locations |
| Members: | 22,101 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8693 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $255,976,867 |
| CEO/Manager: | Daniel Keleher |
| Chairperson: | Margo Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,680,806 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 71,877,526 |
| Unsecured Loans | 14,038,195 |
| Other Loans | 62,778,587 |
| TOTAL LOANS | 148,710,347 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,168,779 |
| Land And Building | 1,767,567 |
| Other Fixed Assets | 2,005,343 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,243,443 |
| All Other Assets | 0 |
| TOTAL ASSETS | 255,976,867 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -460,150 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,741,988 |
| Regular shares | 155,317,494 |
| All Other Shares & Deposits | 27,581,412 |
| TOTAL SHARES & DEPOSITS | 231,640,895 |
| TOTAL LIABILITIES | 231,180,745 |
| Regular Reserve | 0 |
| Other Reserves | 1,321,239 |
| Undivided Earnings | 23,474,883 |
| TOTAL EQUITY | 24,796,122 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 255,976,867 |
| INCOME & EXPENSE | |
| Loan Income | 5,861,641 |
| Investment Income | 1,665,438 |
| Other Income | 395,027 |
| Total Employee Compensation & Benefits | 3,277,018 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,252,871 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 312,485 |
| Cost of Funds | 487,504 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,620,636 |
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