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Bfg Credit Union

Overview
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Bfg Credit Union is a federal credit union based in Akron, Ohio. It has been opened since 1935, for 85 years.

With around $146,040,000 in assets, Bfg Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address 445 South Main Street
Akron, Ohio 44311
Website http://bfgfcu.org
Phone (330) 374-2990
Fax (330) 374-2984
CEO Michael J. Owens
President of the Board Peter Bowler
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
25,445 members
Membership type: Community credit union
Above average number of members
771:1
Credit union member to staff ratio
771 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$146,044,829
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
Bfg Credit Union Branch Locations

Bfg Credit Union: Hudson Branch
5714 Darrow Road
Hudson, Ohio 44236
ATM Available
Bfg Credit Union: Main Office
445 S. Main Street
Akron, Ohio 44311
ATM Available
Members
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25,445 members
Membership type: Community credit union
Above average number of members

With 25,445 members, the Bfg Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 85% of credit unions.

Fees
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$22
Average fee per member
The average fee per member at the Bfg Credit Union is $22, which is low compared to most credit unions. This rate is lower than 71% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Bfg Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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771:1
Credit union member to staff ratio
771 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
33 staff members
FTE (full-time equivalent)
0% of employees are part-time
33 full-time, 0 part-time

Bfg Credit Union has 33 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Bfg Credit Union has around 771 members per staff, a high ratio compared to other credit unions.

Assets
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$146,044,829
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$4,830
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 91% of credit unions.

Bfg Credit Union holds a total of $87,870,000 in loans and leases, which is about $4,830 per member on average.

Savings interest rate
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0.03%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Bfg Credit Union pays 0.03%.

Loan rates
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8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.24%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.03%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.75%
New car loan rate
Compared to 4.0% nationally
4.16%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.88%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally