Westside Community Federal Credit Union

What Westside Community Federal Credit Union does

Westside Community Federal Credit Union (WSCFCU) is a federally chartered, member-owned, not-for-profit credit union headquartered at 125 East Buffalo Street in Churchville, New York, serving a defined field of membership in western Monroe County covering the communities of Chili, Churchville, Ogden, Riga, and Sweden. Originally operating as the Churchville-Chili Central School Employees Federal Credit Union, the institution rebranded and broadened its charter beyond school district employees to include residents and their households within the five-town geography, retaining former-employee and annuitant eligibility.

The institution's core products are share (savings) accounts requiring a $5 minimum balance, share draft (free) checking with no monthly fees, and a consumer lending portfolio spanning new and used auto loans, personal loans, share-secured loans, home equity loans, and boat/RV/motorcycle loans. Specialty savings vehicles include Christmas Club, Vacation Club, and Youth accounts. Members access funds via Visa debit cards with surcharge-free access through the ESL FCU ATM network, and they transact electronically through direct deposit, ACH, and a payroll-deduction option tightly tied to Churchville-Chili Central School District employment.

The business model is standard cooperative retail banking: the credit union funds consumer loans with member share deposits and earns net interest margin (advertised APRs range from 3.50% on share-secured loans to 9.49% on personal loans, with limited-time promotional rates on new autos at 4.49% and home equity at 6.25%), supplemented by transaction fees such as $35 insufficient-funds, stop-payment, and returned-check charges. The technology stack is third-party: account access runs on the RealTime Home Banking core processor (client ID 15324), and loan applications are still submitted via mailed/faxed PDF forms. Distribution is a single branch plus a digital self-service layer and a shared ATM network, with revenue concentration inherently limited by the small rural footprint.

Name

Westside Community Federal Credit Union

Legal name

Westside Community Federal Credit Union

Website

https://wscfcu.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Westside Community Federal Credit Union is a member-owned, not-for-profit credit union headquartered in Churchville, NY, serving residents of Chili, Churchville, Ogden, Riga, and Sweden with savings, checking, consumer, and home-equity lending products.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130), Credit Unions (52213), Depository Credit Intermediation (5221)

akta.pro industry

PRIMARYFSABAEAA

Community Credit Unions (Retail/Consumer Focus)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAEAB

Employer/Occupational Credit Unions

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSAKAAAL

Bank & Credit Union Personal Loans (Unsecured Installment)

Financial & Insurance/Lending & Consumer Finance/Personal Loans (Unsecured Installment)

Keywords

• Consumer banking services
• Credit union lending
• Share savings accounts
• Auto loan financing
• Community cooperative banking

Headquarters

HQ city

Churchville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Loan Interest Income: The credit union generates primary revenue from interest charged on loans including auto loans, personal loans, home equity loans, share secured loans, and RV loans. As a not-for-profit organization, excess earnings from loans are reinvested to lower interest rates on other loans, provide higher dividends to members, or fund new products and services.
2. Fee Income: The credit union charges various fees including insufficient funds fees ($35), returned check fees ($35), stop payment fees ($35), ATM card replacement fees ($5-$20), account closure fees ($5 within first 6 months), dormant account fees ($5/month after 24 months of inactivity), and late payment fees. These fees represent a secondary revenue stream.
3. Savings and Share Account Deposits: Members maintain savings (share) accounts as their primary ownership stake in the credit union, with a minimum balance of $5.00. These deposits provide the lending capital for the credit union's loan operations. Dividends are paid quarterly based on average daily balance.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Westside Community Federal Credit Union is a member-owned, not-for-profit federal credit union that provides retail banking and consumer lending services to residents of Chili, Churchville, Ogden, Riga, and Sweden in western Monroe County, NY. Its primary offerings include share (savings) accounts, share draft (checking) accounts, specialty savings accounts (Christmas Club, Vacation Club, Youth), and a full suite of consumer loans including auto, recreational vehicle, personal, home equity, share-secured, and debt consolidation loans. Transaction services include Visa debit cards, direct deposit, ACH, and payroll deduction, with online banking delivered through a third-party RealTime Home Banking platform.

Product overview

Westside Community Federal Credit Union operates as a member-owned, not-for-profit financial institution offering a comprehensive suite of banking products. The core portfolio consists of share (savings) accounts and share draft (checking) accounts as the foundation of membership, complemented by a full range of lending products including auto loans, recreational vehicle loans, personal loans, home equity loans, and share-secured loans. The institution provides transaction services through Visa debit cards, direct deposit, ACH transactions, and payroll deduction. Additional savings vehicles include Christmas Club, Vacation Club, and Youth accounts. Online banking is delivered through a third-party RealTime Home Banking platform. As a not-for-profit cooperative, excess earnings from loans are reinvested to lower rates and increase dividends for members.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Accounts (Savings) Primary savings accounts representing membership ownership in the credit union. Requires minimum balance of $5.00 to remain active. Dividends are paid quarterly based on average daily balance at 0.15% APY.
• Share Draft Accounts (Checking) Free checking accounts with no monthly service fees, no minimum balance, and no per-check charges. Includes overdraft protection from savings account and Visa debit card issuance.
• Christmas Club Accounts Specialized savings account for holiday expenses with scheduled deposits and withdrawal timing for holiday spending.
• Vacation Club Accounts Savings account designed for vacation planning with features to encourage regular saving toward travel goals.
• Youth Accounts Savings accounts designed for young members, supporting financial education and early savings habits.
• New & Used Auto Loans Vehicle financing for new and used automobiles with rates as low as 4.49% APR for new and 4.89% APR for used. Features include flexible terms, payroll deduction, and no prepayment penalties.
• Boat, R.V. & Motorcycle Loans Recreational vehicle financing for new boats, RVs, and motorcycles with rates as low as 7.9% APR. Flexible terms and no prepayment penalties.
• Share Secured Loans Loans secured by existing share (savings) balance, with rates as low as 3.50% APR. Lower risk option using member's own savings as collateral.
• Debt Consolidation Loans Loans designed to combine multiple debts into a single payment, potentially lowering overall interest costs for members.
• Personal Loans General-purpose loans with rates as low as 9.49% APR. Flexible terms, payroll deduction option, and no prepayment penalties.
• Home Equity Loans Fixed-rate closed-end home equity loans with promotional rate of 6.25% APR for limited time. Allows members to borrow against home equity.
• Visa Debit Card Debit card accessible through share draft accounts, usable at ATMs and point-of-sale. Surcharge-free access at ESL FCU ATMs.
• Online Banking (Home Banking) Internet-based account access platform via RealTime Home Banking, allowing members to view accounts, transfer funds, and manage finances online.
• Direct Deposit Electronic deposit service allowing employers to deposit paychecks directly to member accounts.
• ACH Transactions Automated Clearing House electronic payment service for recurring or one-time fund transfers.
• Payroll Deduction Automatic deduction service allowing employers to deduct loan payments or savings deposits from member paychecks.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

One partnership is on record.

• ESL FCUcoreTechnology or IntegrationESL FCU provides an ATM network partnership allowing WSCFCU members surcharge-free cash withdrawals at ESL FCU ATMs. Members can use their debit cards at any ESL FCU ATM location with no transaction fees. This partnership extends the credit union's physical access network without requiring investment in owned ATM infrastructure.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Empower Federal Credit Union: New York-based federal credit union with a community/employer field of membership and full consumer deposit and loan offerings. Comparable in charter, regulatory framework (NCUA), and core product set (auto, personal, home equity, checking, savings).
• Cornerstone Community Federal Credit Union: Community-chartered federal credit union offering consumer deposit and lending products to a defined geographic membership. Comparable in charter type, community focus, and core product offering to Westside.
• Bethex Federal Credit Union: New York-based federal credit union with a community/employer field of membership offering consumer deposit and loan products. Comparable as a small, member-owned federally chartered cooperative with a similar product portfolio and regulatory profile.
• First Heritage Federal Credit Union: Community-based federal credit union offering share accounts, checking, auto loans, personal loans, and home equity products to a defined field of membership. Comparable in charter (federal), community focus, and product mix to Westside.
• Veridian Credit Union: Iowa-headquartered but federally chartered credit union operating as a community-charter institution with consumer deposit, auto, home equity, and personal loan products. Comparable as a federally insured, member-owned cooperative offering a similar suite of community banking products.
• Great Erie Federal Credit Union: Western New York-based federal credit union serving a defined community/employer field of membership with consumer deposit and loan products. Comparable to Westside in charter type (federal credit union), product mix (auto, personal, share-secured loans), and community-rooted membership model.
• Genesee Co-Op Federal Credit Union: Small community-based federal credit union operating in the western New York region. Comparable in scale (small staff), charter (federal credit union), and community-rooted membership model serving a defined local field of membership.

Broad incumbents

• M&T Bank: Buffalo-headquartered regional commercial bank with a large branch footprint across upstate and western New York, including the Rochester/Monroe County market where Westside operates. Comparable as a deposit-taking, consumer-lending institution serving the same geographic market, but as a for-profit incumbent with a broader product suite.
• ESL Federal Credit Union: Rochester-based federal credit union that is Westside's ATM-network partner and the dominant credit union in the western NY region. Comparable as a federally chartered, member-owned credit union serving overlapping western Monroe County geography, but materially larger and offering a much broader product suite.
• Five Star Bank: New York-based community-focused commercial bank serving rural and small-town markets across the state, including the western NY region. Comparable as a community-oriented deposit and consumer-loan provider overlapping with Westside's service area, but operates as a for-profit state-chartered bank with broader product capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/westsidecredit
• LinkedInlinkedin.com/company/westside-community-federal-credit-union

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westside Community Federal Credit Union