Dec, 31, 2023 — BFG FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, OH with 2 branch locations and about $159.28 million in total assets. Opened 89 years ago in 1935, BFG FEDERAL CREDIT UNION has about 21,814 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BFG FEDERAL CREDIT UNION |
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Address: (Main Office) | 445 S Main St AKRON, OH 44311-1056 |
Phone: | (330) 374-2990 |
Fax: | (330) 374-2984 |
Website: | https://bfgfcu.org |
Branches: | 2 branch locations |
Members: | 21,814 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 511 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $159,276,343 |
CEO/Manager: | Cheryl J Foster |
Chairperson: | Peter W Bowler |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,978,650 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 29,948,980 |
Unsecured Loans | 10,323,112 |
Other Loans | 63,972,884 |
TOTAL LOANS | 104,244,976 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -345,441 |
Land And Building | 3,087,233 |
Other Fixed Assets | 493,905 |
NCUSIF Deposit | 1,466,105 |
All Other Assets | 22,562 |
TOTAL ASSETS | 159,276,343 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 20,102 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 779,557 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,076,930 |
Regular shares | 75,188,913 |
All Other Shares & Deposits | 41,055,267 |
TOTAL SHARES & DEPOSITS | 141,321,110 |
TOTAL LIABILITIES | 142,120,769 |
Regular Reserve | 0 |
Other Reserves | -1,326,241 |
Undivided Earnings | 18,481,815 |
TOTAL EQUITY | 17,155,574 |
TOTAL LIABILITIES, SHARES, & EQUITY | 159,276,343 |
INCOME & EXPENSE | |
Loan Income | 4,820,705 |
Investment Income | 722,471 |
Other Income | 595,181 |
Total Employee Compensation & Benefits | 2,676,514 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,577,071 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 338,552 |
Cost of Funds | 193,167 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 306,367 |
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