Greater Niagara Federal Credit Union

Specialties

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:

–Higher rates for savings, and

–Lower rates for loans

One other factor you will come to appreciate is the high level of personal and professional service delivered by our staff which focuses totally on our Mission Statement of: «To provide personalized quality financial services that meet the lifetime needs of you and your family.»