Boulevard Federal Credit Union

Overview / Commentary
2787 Niagara Falls Blvd
Amherst, NY 14228

Boulevard Federal Credit Union is headquartered in Amherst and is the 134th largest credit union in the state of New York. It is also the 2,607th largest credit union in the nation. It was established in 1957 and as of December of 2023, it had grown to 9 employees and 3,681 members at 1 location. Boulevard Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in the Amherst community. Membership is also open to employees of several select area organizations.
See current membership details

Reviews (1)

Good Credit Union-Poor Rates

I have been a member of BFCU since the 1980's. It started out as the Aircraft Workers Credit Union, serving the Bell Aerospace Company employees in Niagara Falls NY. Continued growth and expansion to a community type Federal Credit Union has served it well. The recent downturn in deposit and CD rates have been drastic, however. Unfortunately they have stopped posting rates on the website, and even the rates posted on their telephone voice response system are not current. Otherwise a very good credit union.

Additional 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. Boulevard Federal Credit Union has a low asset base.

Health Grade Components

NCUA #11640
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD1.77%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$42.4MM$44.8MM
LoansQ4 2023vs Q4 2022$17.5MM$14.5MM
DepositsQ4 2023vs Q4 2022$36.7MM$39.3MM
Equity CapitalQ4 2023vs Q4 2022$5.6MM$5.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$202K$49K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$100K$99K
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Sorry, we do not have rate data for Boulevard Federal Credit Union.


Boulevard Federal Credit Union Locations
Branch Office2787 Niagara Falls BlvdAmherst, NY 14228

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