AFGM Enterprises Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
0.15% APY
Share Accounts
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Overview / Commentary
AFGM Enterprises Federal Credit Union is headquartered in Cheektowaga and is the 218th largest credit union in the state of New York. It is also the 3,872nd largest credit union in the nation. It was established in 1963 and as of December of 2019, it had grown to 2 employees and 1,327 members at 1 location. AFGM Enterprises Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees and retirees of BCT Brain Millers Local 36G, General Mills, Inc., Sellmore Industries, Archer Daniels Midland Company, Group Health, Inc. RHO Industries, Inc., M. Wile-Inter Branded Apparel, Flexo Transport, Inc., Niagara Chocolate, Santoro Sign Company, AGFM Grain Millers Retirees Club, Elder Medical Services, P.C.
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Health
B
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. AFGM Enterprises Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15618 |
| Year Chartered | 1963 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 3.16% |
| Annual Interest Income | $408.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $11.6MM$11.5MM |
| Loans | Q4 2019vs Q4 2018 | $8.8MM$8.3MM |
| Deposits | Q4 2019vs Q4 2018 | $8.8MM$8.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.8MM$2.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $54.00K$43.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $59.00K$126.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |