Boulevard Federal Credit Union

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 2,584th largest credit union in the nation. It was established in 1957 and as of March of 2024, it had grown to 9 employees and 3,682 members at 2 locations. Boulevard Federal Credit Union's money market rates are 7X the national average, and it 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 - YTD0.72%
Return on Equity - YTD5.51%
Annual Interest Income$457K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$43.5MM$45.5MM
LoansQ1 2024vs Q1 2023$17.3MM$15.2MM
DepositsQ1 2024vs Q1 2023$37.8MM$40MM
Equity CapitalQ1 2024vs Q1 2023$5.6MM$5.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$151K$158K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$106K$51K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Boulevard Federal Credit Union Savings Account Rates

0.35%$0-IRA Shares
0.20%$0-Christmas Club
0.20%$0-Vacation Club
0.08%$0-Regular Savings

Boulevard Federal Credit Union Money Market Rates

3.25%*$75k*-Money Market Savings
OTHER TIERS: 2.75% $1k - $20k | 3.00% $20k - $75k

Boulevard Federal Credit Union CD Rates

4.35%$1k-24 Month CD
4.30%$1k-12 Month CD
4.15%$1k-36 Month CD
3.75%$1k-6 Month CD
3.65%$1k-60 Month CD
3.55%$1k-48 Month CD

Boulevard Federal Credit Union IRA Rates

4.35%$1k-24 Month IRA
4.30%$1k-12 Month IRA
4.15%$1k-36 Month IRA
3.65%$1k-60 Month IRA
3.55%$1k-48 Month IRA
3.25%$1k-6 Month IRA

Boulevard Federal Credit Union Locations
Branch Office2787 Niagara Falls BlvdAmherst, NY 14228
Corporate Office110 John Muir DrAmherst, NY 14228

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