Business Details
50+ Years
experience
Your Community Credit Union in Amherst, NY
Founded in 1957 by Sweet Home employees, our credit union has grown to serve the communities of Amherst and Tonawanda with over 3,000 members and $40 million in assets. We operate as a member-owned institution committed to ethical financial practices aligned with Credit Union National Association standards. Our services include savings accounts, loans, and investment products designed to meet local needs while prioritizing member education and financial literacy. We maintain strict lending standards to prevent abusive practices and predatory lending. As a NCUA-insured institution, we guarantee deposits up to $250,000 while offering competitive dividend rates on savings and low-cost loan options.Our physical presence at 1960 Sweet Home Road marks our evolution from a simple ledger book to a full-service financial institution. We emphasize community involvement through programs like our youth Mini Savers Club and payroll deduction services for local employees. Our operational philosophy centers on transparency, with no hidden fees and clear disclosure of all policies. We maintain rigorous security standards while providing modern conveniences like online banking and electronic payroll deposits. Our board and management team remain dedicated to preserving the founding principles of member-focused service and community reinvestment.
Services
Share Accounts
Personal Loans
IRAs
Credit Cards
Student Loans
Home Equity Lines
Boat/RV Financing
Holiday Club Savings
Summer Savings Club
Youth Savings Programs
Details
- Year established: 1957
Highlights and features
- Member-owned cooperative structure prioritizing community needs
- NCUA-insured deposits up to $250,000 for complete security
- Competitive rates on savings and low-cost loan options
- Local decision-making serving Amherst and Tonawanda communities
- Ethical lending practices with transparent fee structures
Services
Share Accounts
Our insured share accounts provide secure savings solutions with $5 minimum deposit. Members access no-fee checking options, holiday savings clubs, and youth programs. Accounts earn competitive dividends while maintaining liquidity through multiple withdrawal channels.
Personal Loans
Flexible personal loans up to $20,000 with terms up to 5 years. Available for various needs including vehicle purchases, home improvements, and debt consolidation. Bi-weekly payment options and GAP insurance available for qualified members.
IRAs
Type A and SC IRA options starting at $25 or $2,000 minimums. Competitive interest rates with quarterly or monthly compounding. Type A accounts convert to certificates at $2,000 threshold for enhanced returns.
Credit Cards
Non-variable rate credit cards up to $15,000 with no annual fees. Features include online account management, balance transfer options, and competitive interest rates for qualified applicants.
Student Loans
Sallie Mae Smart Option Student Loans with multiple repayment plans and competitive rates. No origination fees, prepayment penalties, or hidden charges. Cosigner options available for creditworthy applicants.
Questions
Who can join Sweet Home Federal Credit Union?
Residents, workers, worshippers, students, or volunteers in Amherst or Tonawanda, plus their family members.
Are deposits insured?
Yes, all deposits are insured up to $250,000 by the National Credit Union Administration (NCUA).
What loan types are available?
We offer personal loans, auto loans, boat/RV financing, home equity lines, credit cards, and student loans.
Do you charge account fees?
No monthly fees on checking accounts. Dormant accounts incur $15 quarterly fees unless active.
How can I access my account?
Online banking, mobile app, in-branch visits, or by phone at 691-9187 during business hours.
Do you offer student loan programs?
Yes, we partner with Sallie Mae to provide Smart Option Student Loans with competitive rates and flexible terms.
