Boulevard Federal Credit Union


Overview / Commentary
716-691-6727
2787 Niagara Falls Blvd
Amherst, NY 14228

Boulevard Federal Credit Union is headquartered in Amherst and is the 136th largest credit union in the state of New York. It is also the 2,626th largest credit union in the nation. It was established in 1957 and as of June of 2021, it had grown to 10 employees and 3,817 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.



Health
B+
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

Overall
NCUA #11640
Year Chartered1957
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD7.24%
Annual Interest Income$617.00K
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$44.6MM$39.8MM
LoansQ2 2021vs Q2 2020$12.1MM$13.1MM
DepositsQ2 2021vs Q2 2020$39.4MM$34.9MM
Equity CapitalQ2 2021vs Q2 2020$5.1MM$4.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$81.00K$146.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$135.00K$164.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates

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

Locations


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

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