History of the Sweet Home Federal Credit Union
The Sweet Home Federal Credit Union was founded in 1957 by a group of Sweet Home employees seeking a financial institution that would offer favorable interest rates on savings and loans. The credit union has grown to serve twelve different employee groups. We currently serve over 3,000 members with assets exceeding $16.7 million. The credit union originally consisted of just a general ledger book and metal strongbox but today we occupy two condominiums in the West Amherst Office Park on North French Road in Amherst. If you are eligible for membership, please contact us for a membership application.

The groups we currently serve are:

  • Sweet Home Central School District Employees and Retirees*
  • Sweet Home Central School District Board of Education*
  • West Amherst Office Park Board of Directors*
  • Employees of Printing & Imaging Assoc. of New York State, Inc.*
  • Employees of Dr. Nora Townsend, DDS*
  • Students of the Sweet Home Central School District*
  • Employees of Sweeney's Garage*
  • Employees of JMD Landscaping*
  • Employees of Independent Appraisal*
  • St. Leo's Roman Catholic Church Society*
  • Active Members of the Sweet Home Alumni Association*
  • Occumed of WNY, Inc. *

*Membership is also extended to the family members of the above groups.

Mission Statement
Sweet Home Federal Credit Union... Where Membership Has Value.

What is a Credit Union
A credit union is a financial cooperative organized for the purpose of promoting savings and providing consumer credit at favorable interest rates. All members of the credit union pool their assets, providing funds for loans to others within the group.

Credit unions are not-for-profit cooperatives, owned and controlled by their members.  the members elect volunteer directors and supervisory personnel from among the membership to direct operations.  The credit union is democratic in nature with members possessing equal rights to vote without regard to the amount of savings deposits or volume of business.

Credit union services are directed to improve the economic and social well-being of all members rather than to maximize profits.  Any profits made by the credit union, after appropriate reserves and expenses, are returned to the members in the form of higher dividends, lower loan rates, additional services or other benefits.

Why belong to SHFCU?

The credit union is member-owned and operated.  There is no large corporate structure.  Your money is safe.  Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), our federal regulatory agency.  You receive the highest possible dud=vidend on you shares (savings) and our loan rates are low.  The credit union offers many other services at a considerably lower cost than other financial institutions and many services are provided at no cost.  The credit union cares about you and providing the best service possible.  At our credit union,  "Our Members are Worth More than Money!"

Our Code of Ethics
The Sweet Home Federal Credit Union has adopted lending standards and ethical guidelines recommended by the Credit Union National Association.

  • Emphasize Member Education
  • Meet Members' Borrowing Needs
  • Prohibit and Refrain from Abusive Practices
  • Support Efforts in the Marketplace to Prohibit Predatory Lending

For complete information on the standards mentioned above, please contact us.