Sep, 30, 2025 — BFG FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, OH with 2 branch locations and about $161.38 million in total assets. Opened 91 years ago in 1935, BFG FEDERAL CREDIT UNION has about 20,456 members and employs 27 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 |
|---|---|
| Address: (Main Office) | 445 S Main St AKRON, OH 44311-1056 |
| Phone: | (330) 374-2990 |
| Fax: | (330) 374-2984 |
| Website: | https://www.bfgfcu.org |
| Branches: | 2 branch locations |
| Members: | 20,456 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 511 |
|---|---|
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $161,377,346 |
| CEO/Manager: | Cheryl J Foster |
| Chairperson: | Peter M Oyster |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,428,444 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,896,494 |
| Unsecured Loans | 9,006,149 |
| Other Loans | 77,829,945 |
| TOTAL LOANS | 115,732,588 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -391,195 |
| Land And Building | 3,008,572 |
| Other Fixed Assets | 469,393 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,314,297 |
| All Other Assets | 28,332 |
| TOTAL ASSETS | 161,377,346 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,864 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,147,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,265,593 |
| Regular shares | 68,907,638 |
| All Other Shares & Deposits | 47,267,046 |
| TOTAL SHARES & DEPOSITS | 140,440,277 |
| TOTAL LIABILITIES | 141,645,843 |
| Regular Reserve | 0 |
| Other Reserves | -296,177 |
| Undivided Earnings | 20,027,680 |
| TOTAL EQUITY | 19,731,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 161,377,346 |
| INCOME & EXPENSE | |
| Loan Income | 4,772,863 |
| Investment Income | 536,011 |
| Other Income | 423,186 |
| Total Employee Compensation & Benefits | 2,564,022 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,134,038 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 160,419 |
| Cost of Funds | 173,259 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 434,902 |
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