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 |
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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: | 22,283 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $171,096,255 |
CEO/Manager: | Cheryl J Foster |
Chairperson: | Peter W Bowler |
ASSETS: | $ Amount |
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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 |
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