Watertown Savings Bank vs Gowanda Area
Comparing a Bank in Watertown, NY with a Credit Union in Gowanda, NY using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Watertown Savings Bank ↗ Bank · Watertown, NY · Est. 1894 | Gowanda Area ↗ Credit Union · Gowanda, NY · Est. 1935 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Credit Union |
| Location | Watertown, NY | Gowanda, NY |
| Total assets | $970.2M | $32.1M |
| Capital ratio | 17.9% | 16.2% |
| Return on assets | 1.9% | 1.7% |
| Deposits | $787.9M | — |
| Branches | 10 | 1,845 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #3 of 118 | #2 of 267 |
| Established | 1894 | 1935 |
Watertown Savings Bank
- Assets: $970.2M
- Deposits: $787.9M
- Capital ratio: 17.9%
- Return on assets: 1.9%
- CFPB complaints: 0
- State rank: #3 of 118
Gowanda Area
- Assets: $32.1M
- Members: 1,845
- Capital ratio: 16.2%
- Return on assets: 1.7%
- CFPB complaints: 0
- State rank: #2 of 267
Are both institutions federally insured?
Yes. Watertown Savings Bank is FDIC-insured and Gowanda Area is NCUA-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Watertown Savings Bank or Gowanda Area?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Watertown Savings Bank scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Watertown Savings Bank safe?
Yes — Watertown Savings Bank is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Gowanda Area safe?
Yes — Gowanda Area is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Watertown Savings Bank vs Gowanda Area?
Watertown Savings Bank has a capital ratio of 17.9%, placing it in the top 5% of $100M–1B peers. Gowanda Area's ratio is 16.2%, placing it in the top 38% of <$100M peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Watertown Savings Bank have compared to Gowanda Area?
The CFPB database shows 0 complaints against Watertown Savings Bank, and 0 complaints against Gowanda Area. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Watertown Savings Bank with other Banks in New York
Financial data from FDIC and NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
