A member owned financial institution committed to serving your needs
“To provide personalized quality financial services that meet the lifetime needs of you and your family.”
Founded in 1954, Greater Niagara Federal Credit Union (GNFCU) services the personal financial needs of individuals who live, work, worship, attend school or conduct business in Niagara County. We offer the same type of products and services as a bank.
However, the difference between a bank and GNFCU is significant, but rather simple.
A bank is owned by stockholders. Therefore a bank must generate profit to pay stockholders.
As a credit union we are owned by our members. When members deposit money into their credit union savings and investments accounts, that money can then be used to meet the borrowing needs of other members. So basically our members work together to support the needs of all members, applying our basic philosophy of People Helping People. Because GNFCU does not need to generate income to pay stockholders, the excess money earned is returned to members in the form of:
Anyone who lives, works, worships, attends school or conducts business in Niagara County may take advantage of the money saving products and services we offer. And, once you become part of Greater Niagara Federal Credit Union, you, and your family members, will continue to have full access to all we offer, regardless of whether you move, change jobs, or retire.
If you have any questions, please give us a call at 716-297-5944 or 716-695-1829 or send an email to firstname.lastname@example.org.
To become a member stop by our office at 2901 Military Rd or 160 Ward Rd, North Tonawanda or apply on line.
Unlike a Bank, who compensates their Board of Directors, credit unions, including ours, serve on an uncompensated, volunteer basis. As such, their only incentive is to position the credit union to meet the needs of members, no other, and oversee the financial stability of operations to protect the money of members. We are proud of those who lead Greater Niagara Federal Credit Union. Our current Board members are:
|George Lodick III||Chairperson|
|Sondra Grace||Vice Chairperson|
|Edward Hayes III||Treasurer|
We also have a Supervisory Committee, comprised of five volunteers who each serve a three year term and serve as an oversight committee responsible for:
|Share Draft Account Fees|
|Check withdrawal from shares||$5/item|
|Other Services Fee|
|Items sent for collection||$25/item|
|Wire transfer: outgoing||$25|
|Visa gift card||$3|
|Debit card replacement||$15|
|Deposited item return||$25/item|
|Dormant account||$2/month after 3 years or remainder of account if under required Membership Balance|
|Non-notification of address change||$10/month|
|Account activity printout||$1/page|
|Foreign item processing||$10/item|
|Closed account fee||$10 (or balance if lower) if closed within 90 days of opening|
|Bill pay||$5/month after 3 months of non-use|
|Loan late fee||$25 after 5 days|
|Per value of one share||$5|