Bfg Federal Credit Union

Headquarters

445 South Main St
Akron, OH 44311
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.85% →
1-Year CD 0.15% 0.75% →
2-Year CD 0.25% 0.80% →
5-Year CD 0.80% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Bfg is an NCUA insured institution located in Akron, OH. It was founded in 1935 and has approximately $166.25 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 $166.25 million
Loans $77.75 million
Deposits $153.06 million
Capital $18.39 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 - October 19, 2021

Your Current Location: Connecticut, CT 06828

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 - October 19, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.908% 2.875% 0.38 $1,075 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$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:
Fairfield,Connecticut



Climate Initiatives

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

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
0.65% 3.79

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 June 30, 2021, Bfg had $116,127 in non-current loans and $5,399 in owned assets. To cover these potential losses it had $18,391,030 in net worth and $196,019 in loans loss reserves. That gives it a Texas Ratio of 0.65%.

Net Worth
Bfg U.S. Average
11.06% 12.22%

Bfg FCU has a net worth of 11.06% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Bfg

Branches and Savings

What is Bfg?

A federal credit union, registered with the NCUA under certificate #511.
Learn more about credit unions here.

Is Bfg FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Bfg is insured by the NCUA.

Who can join Bfg?

Please see Field of Membership information above for information on who is eligible to join.

What are Bfg's share account and share certificate rates?

Bfg's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Bfg?

Bfg has total capital of $18.39 million. Full information on Bfg's financial position is located above.

Who owns Bfg?

Credit Unions are owned by their members.

Where are Bfg branches located?

See branch locations nearby.

Are Bfg ATMs Open 24/7?

Do Bfg ATMs accept cash deposits?

Can Bfg customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Bfg have a mobile app?

Does Bfg have mobile deposit?

Does Bfg have quick pay?

How can Bfg transfer money to other banks or credit unions?

Does Bfg report to credit bureaus?

Does Bfg use Chexsystems?

Does Bfg use Equifax?

What is Bfg's toll free phone number?

What is Bfg's ACH Routing Number?

What is Bfg's SWIFT code?

Where can I find Bfg's wire transfer form?

What is the Bfg address for deposits?

What Products Does Bfg Offer

Does Bfg offer mortgages?

Compare mortgage rates here.

Does Bfg offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bfg offer auto and RV loans?

Compare auto loan rates here.

Does Bfg offer student loans or personal loans?

Compare personal loan rates here.

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.

Add Your Review

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