Bfg Federal Credit Union

Headquarters

445 South Main St
Akron, OH 44311
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Notable Rates APY Vs.Others
Savings 0.03% 5.55% →
1-Year CD 0.15% 5.41% →
2-Year CD 0.25% 4.95% →
5-Year CD 0.80% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Bfg is an NCUA insured institution located in Akron, OH. It was founded in 1935 and has approximately $159.28 millions in assets.

Who can join?

You are eligible to join BFG Federal Credit Union if:
• You live, work, worship, volunteer, or attend school in Summit County, Ohio.
• You are an "Immediate Family Member" or live in the same "Household" of an existing member or an individual eligible for membership.

"Immediate Family Member" is defined as spouse, child, sibling, parent, grandparent or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive relationships.

"Household" is defined as persons living in the same residence maintaining a single economic unit.

NCUA Insured Yes / Federally Chartered
Charter Number # # 511
Date Established 1935
Assets $159.28 million
Loans $104.24 million
Deposits $141.32 million
Capital $18.70 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer, or attend school in Summit County, Ohio. Membership is also open to immediate family of current and eligible members.

Deposit Rates - June 14, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Loan Rates - June 14, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bfg

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.312% 6.125% 1.00 $6,400 $1,945 Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.493% 6.375% 0.63 $3,952 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.717% 6.625% 0.75 $3,039 $2,049 Learn More
New American Funding, LLC.
NMLS ID: 6606
6.831% 6.740% 1.00 $3,002 $2,074 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Bfg
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Bfg branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia



Climate Policy and Initiatives

BFG is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Bfg Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bfg. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Bfg U.S. Average
1.38% 6.97

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, Bfg had $236,458 in non-current loans and $22,562 in owned assets. To cover these potential losses it had $18,703,405 in net worth and $73,689 in loans loss reserves. That gives it a Texas Ratio of 1.38%.

Net Worth
Bfg U.S. Average
11.74% 13.62%

Bfg FCU has a net worth of 11.74% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Bfg


  • October 17, 2018 |

    Savings Rates

    Ive never been able to obtain anything but a signature loan from them and I've been a member with BFG for years.


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