Inner Lakes Federal Credit Union
Inner Lakes FCU is a federally chartered, member-owned credit union serving consumers and families in the Westfield and Fredonia, New York area, offering consumer loans, deposit accounts, and digital banking through two branches, mobile apps, and online channels.
- Company typePrivate
- Founded-
- HeadquartersWestfield, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Inner Lakes Federal Credit Union does
Inner Lakes Federal Credit Union is a federally chartered, member-owned, non-profit cooperative depository institution serving consumers and families in the Westfield and Fredonia, New York micro-market. It operates through two physical branches (Westfield headquarters at 19-21 East Main Street and a Fredonia branch), supplemented by phone-based member support. The credit union's stated purpose is to provide a community-focused, not-for-profit alternative to profit-driven banks, with surplus earnings returned to members in the form of higher deposit yields and lower loan rates.
The product set spans three pillars: (1) consumer and mortgage lending — auto loans (rates as low as 3.74% APR with autopay), home equity lines of credit (Prime minus 1.25%), home equity loans (5.50% APY), Visa credit cards (10.75% APR), and student loans; (2) deposit accounts — regular savings (up to 0.65% APY), checking with overdraft privilege, money market (up to 2.48% APY), certificates of deposit (up to 4.33% APY), and Christmas Club accounts; and (3) digital banking — online banking portal, native iOS/Android mobile apps, e-Statements, and electronic bill pay. Loan origination is primarily processed through the Mobicint online platform, and card servicing is integrated with EZCardInfo and MobiMoney. Adjacent services include business banking, Visa travel money, prepaid gift cards, loan protection insurance, notary services, U.S. postage, direct deposit, and the ScoreCard Rewards program.
Revenue is generated from net interest income on the loan book, deposit account fees (including overdraft), loan origination and ancillary service fees, and Visa interchange fees. Marketing and member acquisition rely on community-led channels — the Teacher Scholarship Program, local community involvement, SEO-optimized web presence, and referral-based growth — alongside digital self-service channels. The credit union holds 1-10 employees per firmographic data, is NCUA-insured, and operates as an independent entity with no disclosed parent, investor, or M&A relationships.
Inner Lakes Federal Credit Union firmographics
Firmographics- Name
- Inner Lakes Federal Credit Union
- Legal name
- Inner Lakes Federal Credit Union
- Website
- https://innerlakesfcu.org
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Inner Lakes FCU is a federally chartered, member-owned credit union serving consumers and families in the Westfield and Fredonia, New York area, offering consumer loans, deposit accounts, and digital banking through two branches, mobile apps, and online channels.
- Ownership category
- akta.pro rank
Where Inner Lakes Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Westfield
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Inner Lakes Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income from Loans: Primary revenue stream generated from interest charged on loan products including auto loans, home equity loans, credit cards, and personal loans. Interest rates vary by product type and member creditworthiness.
- Deposit Account Fees: Fees associated with deposit accounts including regular savings, checking, money market accounts, and certificates of deposit. May include overdraft fees, maintenance fees, and other service charges.
- Loan and Service Fees: Various fees including loan origination fees, prepayment penalties, skip-a-payment program fees, notary services, and other ancillary banking services.
- Credit Card Transaction Fees: Interchange fees and transaction fees from Visa credit card operations
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Auto Loan - As low as 3.74% APR |
| Subscription | Monthly | Home Equity - As low as 5.50% APY |
| Subscription | Pay-as-you-go | HELOC - Prime - 1.25% |
| Subscription | Monthly | Visa Credit Card - As low as 10.75% APR |
| Subscription | Monthly | Money Market - Up to 2.48% APY |
| Subscription | Monthly | Regular Savings - Up to 0.65% APY |
| Subscription | Monthly | Certificate of Deposit - Up to 4.33% APY |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Inner Lakes Federal Credit Union product offering
Product offeringCore offering
Inner Lakes Federal Credit Union is a member-owned, non-profit financial cooperative that provides consumer banking services including deposit accounts (savings, checking, money market, certificates of deposit), consumer loans (auto loans, home equity lines of credit, Visa credit cards, student loans), and digital banking channels (online banking and mobile apps). The credit union operates from physical branches in Westfield and Fredonia, NY, and serves as a community-focused alternative to profit-driven banks, with surplus earnings returned to members through higher dividends and lower loan rates.
Product overview
Inner Lakes Federal Credit Union offers a comprehensive suite of financial products and services organized around three core pillars: loan products (auto loans, home equity lines of credit, Visa credit cards, and student loans), deposit accounts (savings, checking, money market, certificates of deposit, and Christmas Club accounts), and digital banking services (online banking, mobile banking, e-statements, and electronic bill pay). The credit union also provides supplementary services including business services, Visa travel money, prepaid gift cards, loan protection insurance, notary services, postage stamps, and community programs such as a teacher scholarship program. All services are delivered through a member-owned, non-profit cooperative model, with digital banking available via web and mobile apps for iOS and Android.
Differentiator
Problem solved
Functional benefit
Products and services
- Auto Loans Vehicle financing for members, available through the online loan application portal (mobicint.net); rates as low as 3.74% APR with automatic payment, subject to creditworthiness and loan terms.
- Home Equity Line of Credit (HELOC) Home equity financing for home improvement projects or debt consolidation, with rates as low as 5.50% APY and HELOC rates starting at Prime - 1.25%.
- Visa Credit Cards Credit card products with rates as low as 10.75% APR, featuring Verified By Visa security and fraud protection; Visa credit card payments can be made online through the credit union's banking portal or at ezcardinfo.com.
- Student Loans Education financing products for student members.
- Regular Savings Accounts Basic savings account for members with yields as high as 0.65% APY.
- Money Market Accounts Higher-yield savings product for members with yields as high as 2.48% APY.
- Certificates of Deposit Term savings product for members with yields as high as 4.33% APY.
- Checking Accounts Transaction accounts for members with overdraft privilege option available.
- Christmas Club Accounts Specialized seasonal savings account for members to set aside funds for holiday expenses.
- Online Banking Web-based platform allowing members to access accounts, view transactions, transfer funds, and make loan payments online.
- Mobile Banking Mobile application available for iOS and Android enabling members to manage finances on the go.
- Business Services Financial services tailored for business members of the credit union.
- Teacher Scholarship Program Scholarship program awarding $1,000, $600, and $400 to teacher members annually for classroom enhancement, conferences, supplies, and career development.
Quantifiable outcome
- Each dollar of income is passed along to members through higher dividends, lower loan interest, or improved services
Companies that use Inner Lakes Federal Credit Union
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles5 records
Inner Lakes Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature4 records
Inner Lakes Federal Credit Union partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Jamestown Area Community Federal Credit UnionminorJamestown Area Community Federal Credit Union is shown as an affiliated partner organization. The nature of the relationship appears to be institutional affiliation or shared services within the credit union network.
- Trustage (Trustage Insurance Agency)minorTrustage Insurance Agency partnership provides insurance products and services to Inner Lakes FCU members as part of a comprehensive financial services offering.
- Mobicint (Online Loan Platform)coreMobicint provides the online loan application platform used by Inner Lakes FCU for processing loan applications. Members apply for loans through the mobicint.net portal integrated into the credit union's website.
Scale indicators2 records
Recent moves1 record
Expansion highlights5 records
Inner Lakes Federal Credit Union competitors and assessment
Company assessmentRegional players
- Five Star Bank: A Western New York-based community bank with branches across the region. Targets similar retail and small business customers with comparable deposit and lending products, but operates at meaningfully larger scale and as a for-profit institution.
- Lake Shore Savings Bank: A state-chartered savings bank headquartered in Dunkirk, NY — adjacent to Inner Lakes' Fredonia branch. Competes for similar deposit and mortgage customers in the same Western NY footprint, though structured as a bank rather than a cooperative.
Direct peers
- ESL Federal Credit Union: A larger New York-based federal credit union serving the Rochester and broader Upstate NY region. Comparable in member-owned cooperative model and product suite, but at significantly greater scale, providing a benchmark for what growth looks like in the same state.
- Jamestown Area Community Federal Credit Union: A federal credit union serving the Jamestown, NY region with a similar community-focused, member-owned model. It is already identified as an affiliated partner in Inner Lakes' data, sharing services and institutional ties in the same Western NY market.
Broad incumbents
- Community Bank, N.A. A large regional bank with significant Western NY presence offering deposit, lending, and digital banking products to retail customers. Competes with Inner Lakes for community banking relationships but at much greater scale and product breadth.
- Northwest Bank: A regional bank with branches throughout Western and Northern New York, offering a similar suite of consumer deposit and loan products. Provides competitive pressure on Inner Lakes' deposit gathering and consumer lending business.
Peers
- Cornell Federal Credit Union (now Ivyn):
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
Inner Lakes Federal Credit Union social profiles
Digital presenceInner Lakes Federal Credit Union compliance and trust
Trust signalCompliance3 records
Inner Lakes Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Inner Lakes Federal Credit Union leadership team
Management profileNumber of profiles
Profiles1 record
Inner Lakes Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Inner Lakes Federal Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Inner Lakes Federal Credit Union
What does Inner Lakes Federal Credit Union do?
Inner Lakes Federal Credit Union is a member-owned, non-profit financial cooperative that provides consumer banking services including deposit accounts (savings, checking, money market, certificates of deposit), consumer loans (auto loans, home equity lines of credit, Visa credit cards, student loans), and digital banking channels (online banking and mobile apps). The credit union operates from physical branches in Westfield and Fredonia, NY, and serves as a community-focused alternative to profit-driven banks, with surplus earnings returned to members through higher dividends and lower loan rates.
Is Inner Lakes Federal Credit Union a public or private company?
Inner Lakes Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Inner Lakes Federal Credit Union founded?
Inner Lakes Federal Credit Union was founded in -1. It employs 1 to 10 people.
Where is Inner Lakes Federal Credit Union based?
Inner Lakes Federal Credit Union is headquartered in Westfield, United States, in the North America region.
How does Inner Lakes Federal Credit Union make money?
Four revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Account Fees, loan and Service Fees and credit Card Transaction Fees.
Who are Inner Lakes Federal Credit Union's main competitors?
Regional players on record are Five Star Bank and Lake Shore Savings Bank. Direct peers are ESL Federal Credit Union and Jamestown Area Community Federal Credit Union. Broad incumbents are Community Bank, N.A. and Northwest Bank. Cornell Federal Credit Union (now Ivyn) is listed as a peer.
Does Inner Lakes Federal Credit Union have an API?
No public API is recorded for Inner Lakes Federal Credit Union.