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BFG FEDERAL CREDIT UNION

Mar, 31, 2022 — BFG FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, OH with 2 branch locations and about $173.25 million in total assets. Opened 87 years ago in 1935, BFG FEDERAL CREDIT UNION has about 22,927 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
Address:
(Main Office)
445 S Main St
AKRON, OH 44311-1056
Phone:(330) 374-2990
Fax:(330) 374-2984
Website:http://bfgfcu.org
Branches:2 branch locations
Members:22,927
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:$173,253,796
CEO/Manager:Cheryl J Foster
Chairperson:Peter W Bowler

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,790,872
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 30,110,839
 Unsecured Loans 9,622,544
 Other Loans 36,835,260
 TOTAL LOANS 76,568,643
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,046
 Land And Building 3,241,094
 Other Fixed Assets 496,475
 NCUSIF Deposit 1,509,004
 All Other Assets 7,585
  TOTAL ASSETS 173,253,796
LIABILITIES & CAPITAL:  
 Dividends Payable 21,431
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 606,331
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,682,312
 Regular shares 84,865,511
 All Other Shares & Deposits 49,346,787
  TOTAL SHARES & DEPOSITS 158,894,610
  TOTAL LIABILITIES 159,522,372
 Regular Reserve 0
 Other Reserves -4,538,139
 Undivided Earnings 18,269,563
  TOTAL EQUITY 13,731,424
  TOTAL LIABILITIES, SHARES, & EQUITY 173,253,796
INCOME & EXPENSE  
 Loan Income 813,492
 Investment Income 61,655
 Other Income 149,259
 Total Employee Compensation & Benefits 776,938
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 841,540
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -22,432
 Cost of Funds 29,347
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 144,109
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