Credit Unions Near Me
National Credit Union Service Organization

BFG FEDERAL CREDIT UNION

Jun, 30, 2024 — BFG FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, OH with 2 branch locations and about $171.10 million in total assets. Opened 89 years ago in 1935, BFG FEDERAL CREDIT UNION has about 22,283 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://bfgfcu.org
Branches:2 branch locations
Members:22,283
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$171,096,255
CEO/Manager:Cheryl J Foster
Chairperson:Peter W Bowler

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,216,279
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 29,664,301
 Unsecured Loans 10,061,970
 Other Loans 46,925,920
 TOTAL LOANS 86,652,191
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -98,558
 Land And Building 3,193,330
 Other Fixed Assets 521,496
 NCUSIF Deposit 1,538,441
 All Other Assets 40,766
  TOTAL ASSETS 171,096,255
LIABILITIES & CAPITAL:  
 Dividends Payable 19,892
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 611,393
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,964,330
 Regular shares 84,440,846
 All Other Shares & Deposits 47,964,039
  TOTAL SHARES & DEPOSITS 157,369,215
  TOTAL LIABILITIES 158,000,500
 Regular Reserve 0
 Other Reserves -5,165,581
 Undivided Earnings 18,261,336
  TOTAL EQUITY 13,095,755
  TOTAL LIABILITIES, SHARES, & EQUITY 171,096,255
INCOME & EXPENSE  
 Loan Income 2,555,844
 Investment Income 350,586
 Other Income 430,550
 Total Employee Compensation & Benefits 1,855,031
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,480,857
 Non-operating Income & (Expense) 2,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,615
 Cost of Funds 86,035
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 135,883
↑ Back to Top

Other Credit Unions

AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION
146 S High St, Concourse Level
AKRON, OH 44308-1421
GOODYEAR EMPLOYEES CREDIT UNION
501 Kelly Ave
AKRON, OH 44306
EQUITABLE FEDERAL CREDIT UNION
1889 BRITTAIN ROAD
AKRON, OH 44310
AKRON FIRE POLICE CREDIT UNION
1810 Buchholzer Blvd
AKRON, OH 44310
FIRSTENERGY FAMILY CREDIT UNION
575 White Pond Dr Ste E
AKRON, OH 44320-1184
NEW HORIZON FEDERAL CREDIT UNION
180 2nd St SW
BARBERTON, OH 44203
SUMMIT FEDERAL CREDIT UNION
100 Wheeler St
AKRON, OH 44311-1122
INTEGRITY FEDERAL CREDIT UNION
971 WOOSTER RD W
BARBERTON, OH 44203
FALLS CATHOLIC CREDIT UNION
33 Graham Rd
CUYAHOGA FALLS, OH 44223
BUCKEYE STATE CREDIT UNION
520 S Main St
AKRON, OH 44311