In November of 1980 a small group of motivated employees met in the Town of Cheektowga Police Department’s pistol range room. These individuals laid the foundation for the soon to be chartered Town of Cheektowaga Employee’s Federal Credit Union. Among the members who attended and cooperated in the formation of the credit union were David J. Kulik, Joanne Imiola, Robert Lis, Gary Wolinski and Sylvia Slawiak.
Each person present pledged to invest at least one share ($20.00) to establish the new organization. The prime objective of this group was to create within the employees of the town an organization through which members could save money which in turn could be loaned to other members for provident purposes.
On November 13th 1980 a charter was granted to this group and they became known as the Town of Cheektowaga Employee’s Federal Credit Union. The board of directors at this time consisted of the following members; Robert M. Lis, President; Mary Gawron, Vice President; James Matecki, Vice President; Sylvia Slawiak, Secretary; David Kulik, Treasurer. On March 2, 1981 the Cheektowaga Town Board approved a measure to allow payroll deductions from the town’s payroll.
Since our birth in 1980 we have come a long way. Our first office was established on the Town of Cheektowaga campus, at 1 Credit Union Drive, on July 17th 1984. We then moved to the credit union trailer on May 26th, 1988 and continued to expand our service offerings. At present we are in our permanent home which was opened on December 13th, 2004. The word “employee’s” was removed from our name and our charter now is Town of Cheektowaga Federal Credit Union. The Credit Union office was made possible with the 40 years of effort and loyalty from all of our share holders. That membership now consists of over 1500 members and assets of over 34 million dollars. Through your faithful and continuous efforts our future can only become better than it is today.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154