Bay Ridge Federal Credit Union

Bay Ridge Federal Credit Union Locations

1750 86th St
Brooklyn, NY 11214
718-680-2121
www.brfcu.org

NCUA

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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.

Competitive CD and IRA CD Rates at Bay Ridge FCU in New York City - Local Only - 4/5/2010

Bay Ridge Federal Credit Union is offering several competitive CD rates. These range from 1.75% APY for a 6-month term to 3.25% APY for a 5-year term. Minimum deposit is $20,000. These are also avail ...

4.00% 6-mo CD, 4.25% 12-mo CD & Other High Yield CDs at Bay Ridge FCU in Brooklyn, NY - 12/7/2008

Bay Ridge Federal Credit Union is offering several competitive CD rates. These range from 4.00% APY for a 6-month term to 5.25% APY for a 5-year term. Minimum deposit is $20,000. These are also available in an IRA certificate with only a $500 minimum. A...

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See Rates for: Savings | Money Market | CD | IRA

Bay Ridge Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	-	-	Automatic Savings (Direct Deposit)
0.25%	$100	-	Regular Savings (Shares)

Bay Ridge Federal Credit Union Money Market Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
1.75%	$20k	-	Bonus 5 Year CD
1.50%	$20k	-	Bonus 4 Year CD
1.50%	$500	-	Regular 5 Year CD
1.25%	$20k	-	Bonus 3 Year CD
1.25%	$500	-	Regular 4 Year CD
1.01%	$20k	-	Bonus 2 Year CD
1.01%	$500	-	Regular 3 Year CD
0.75%	$20k	-	Bonus 6 Month CD
0.75%	$20k	-	Bonus 1 Year CD
0.75%	$500	-	Regular 2 Year CD
0.50%	$2,500	-	Regular 6 Month CD
0.50%	$500	-	Regular 1 Year CD

Bay Ridge Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.75%	-	-	5 Year IRA
1.75%	-	-	5 Year Roth IRA
1.75%	-	-	5 Year Educational IRA
1.50%	-	-	4 Year IRA
1.50%	-	-	4 Year Roth IRA
1.50%	-	-	4 Year Educational IRA
1.25%	-	-	3 Year IRA
1.25%	-	-	3 Year Roth IRA
1.25%	-	-	3 Year Educational IRA
1.01%	-	-	2 Year IRA
1.01%	-	-	2 Year Roth IRA
1.01%	-	-	2 Year Educational IRA
0.75%	-	-	6 Month IRA
0.75%	-	-	1 Year IRA
0.75%	-	-	6 Month Roth IRA
0.75%	-	-	1 Year Roth IRA
0.75%	-	-	6 Month Educational IRA
0.75%	-	-	1 Year Educational IRA

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

BAY RIDGE
NCUA #	78
BankRate Report	View
Year Chartered	1934
Employees	22
Primary Regulator
Assets and Liabilities
Assets	$166.26 million
Loans	$120.44 million
Deposits	$149.91 million
Equity Capital	$15.60 million
Loan Loss Allowance	$1.27 million
Unbacked Noncurrent Loans	$2.50 million
Real Estate Owned	$162,000
Historic Data - December 2011
Assets	$152.40 million
Equity Capital	$14.53 million
Loan Loss Allowance	$309,000
Unbacked Noncurrent Loans	$2.02 million
Profit Margin - Quarterly
Net Interest Margin	4.69%
Return on Assets	1.03%
Return on Equity	10.93%
Interest Income	$7.65 million
Non-Interest Income	$445,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Bay Ridge Federal Credit Union had $2.67 million in non-current loans and owned real-estate with $16.87 million in equity and loan loss allowances on hand to cover it. This gives Bay Ridge Federal Credit Union a Texas Ratio of 15.80% which is average. 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 held steady from 13.59% as of December 31, 2011 to 15.80% as of December 31, 2012, resulting in a negative change of 16.25%. This indicates that the balance sheet and financial strength for Bay Ridge Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Bay Ridge Federal Credit Union has increased its total deposits by $12.64 million, resulting in 9.21% 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.
Capitalization
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 $166.26 million in assets with $16.87 million in equity, resulting in a capitalization level of 10.15%, which is above average.

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Bay Ridge Federal Credit Union

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