Buffalo Metropolitan Federal Credit Union

Headquarters

62 S Elmwood Ave
Buffalo, NY 14202
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.55% →
1-Year CD 0.15% 5.41% →
2-Year CD 0.25% 4.95% →
5-Year CD 0.40% 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

Buffalo Metropolitan is an NCUA insured institution located in Buffalo, NY. It was founded in 1937 and has approximately $139 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 2209
Date Established 1937
Assets $139.00 million
Loans $121.77 million
Deposits $124.63 million
Capital $15.70 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer, or attend school in Erie County and to immediate family.

Deposit Rates - June 25, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $1,000 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $999,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.05% $500 - Learn More
12 Mo CD
0.15% $500 - Learn More
18 Mo CD
0.20% $500 - Learn More
24 Mo CD
0.25% $500 - Learn More
36 Mo CD
0.30% $500 - Learn More
48 Mo CD
0.35% $500 - Learn More
60 Mo CD
0.40% $500 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $1 - Learn MoreShow Less

Loan Rates - June 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Buffalo Metropolitan

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
DECO Mortgage
NMLS ID: 2561451
6.203% 6.124% 0.88 $2,779 $1,945 Learn More
PenFed Credit Union
NMLS ID: 401822
6.553% 6.375% 0.88 $6,000 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.735% 6.625% 0.88 $3,657 $2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.076% 6.990% 0.88 $2,800 $2,127 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
7.990 %
$0 Learn More
More Info

Note to Buffalo Metropolitan
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Branches

Below are Buffalo Metropolitan 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


Buffalo Metropolitan Locations



Climate Policy and Initiatives

BUFFALO METROPOLITAN 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

Buffalo Metropolitan Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Buffalo Metropolitan. 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
Buffalo Metropolitan U.S. Average
19.34% 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, Buffalo Metropolitan had $3,116,787 in non-current loans and $0 in owned assets. To cover these potential losses it had $15,701,159 in net worth and $415,299 in loans loss reserves. That gives it a Texas Ratio of 19.34%.

Net Worth
Buffalo Metropolitan U.S. Average
11.3% 13.62%

Buffalo Metropolitan FCU has a net worth of 11.3% 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 Buffalo Metropolitan

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