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Overview / Commentary
1750 86th St
Brooklyn, NY 11214

Since 1934 Bay Ridge Federal Credit Union has strived to accomplish a simple mission: To become community resource, and help more people of modest means in the community to have access to lower cost financial services. As a not-for-profit cooperative… they are a part of America's Credit Unions, where people are worth more than money.

Field of Membership Restrictions

To join you can either apply and be approved for a loan. Or, by opening a savings account with either cash, check, or through a payroll deduction. Bay Ridge Federal Credit Union is proud to serve members / employees of some of the most prestigious and diverse groups in the metropolitan area. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bay Ridge Federal Credit Union had $1.08 million in non-current loans and owned real-estate with $18.56 million in equity and loan loss allowances on hand to cover it. This gives Bay Ridge Federal Credit Union a Texas Ratio of 5.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bay Ridge Federal Credit Union decreased dramatically from 10.69% as of March 31, 2013 to 5.80% as of March 31, 2014, resulting in a positive change of 45.76%.This indicates that the balance sheet and financial strength for Bay Ridge Federal Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Bay Ridge Federal Credit Union has increased its total deposits by $12.85 million, resulting in 8.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bay Ridge Federal Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bay Ridge Federal Credit Union has $181.94 million in assets with $18.56 million in equity, resulting in a capitalization level of 10.20%, which is above average.

Institution Statistics

NCUA #78
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$181.94 million
Loans$142.22 million
Deposits$163.62 million
Equity Capital$17.41 million
Loan Loss Allowance$1.14 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$0
Historic Data - March 2013
Assets$167.59 million
Equity Capital$16.02 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$162,000
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.89%
Return on Equity9.35%
Interest Income$2.00 million
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Bay Ridge Federal Credit Union Savings Account Rates

0.35%--Automatic Savings (Direct Deposit)
0.25%$100-Regular Savings (Shares)

Bay Ridge Federal Credit Union Money Market Rates

0.75%$100k-Insured Money Market Account
0.50%--IRA Money Market
0.50%--Roth IRA Money Market
0.50%--Educational IRA Money Market

Bay Ridge Federal Credit Union CD Rates

2.25%$20k-Bonus 5 Year CD
2.00%$20k-Bonus 4 Year CD
2.00%$500-Regular 5 Year CD
1.75%$20k-Bonus 3 Year CD
1.75%$500-Regular 4 Year CD
1.50%$20k-Bonus 2 Year CD
1.50%$500-Regular 3 Year CD
1.25%$20k-Bonus 1 Year CD
1.25%$500-Regular 2 Year CD
1.01%$20k-Bonus 6 Month CD
1.01%$500-Regular 1 Year CD
0.75%$2,500-Regular 6 Month CD

Bay Ridge Federal Credit Union IRA Rates

2.25%--5 Year IRA
2.00%--4 Year IRA
1.75%--3 Year IRA
1.50%--2 Year IRA
1.25%--1 Year IRA
1.01%--6 Month IRA

Bay Ridge Federal Credit Union Locations
Branch Office1750 86th StBrooklyn, NY 11214
Branch Office1609 Avenue ZBrooklyn, NY 11235-3809