AFGM Enterprises Federal Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
0.15% APY
Share Accounts
View all rates
Overview / Commentary
AFGM Enterprises Federal Credit Union is headquartered in Cheektowaga and is the 220th largest credit union in the state of New York. It is also the 3,861st largest credit union in the nation. It was established in 1963 and as of March of 2021, it had grown to 3 employees and 1,279 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.
See current membership details
Health
B+
Data as of Q1 2021
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 | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 1.95% |
| Annual Interest Income | $90.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $12.5MM$11.7MM |
| Loans | Q1 2021vs Q1 2020 | $8.2MM$8.7MM |
| Deposits | Q1 2021vs Q1 2020 | $9.6MM$8.9MM |
| Equity Capital | Q1 2021vs Q1 2020 | $2.9MM$2.8MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $70.00K$54.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $95.00K$41.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |