Boulevard Federal Credit Union
Boulevard Federal Credit Union is headquartered in Amherst and is the 137th largest credit union in the state of New York. It is also the 2,576th largest credit union in the nation. It was established in 1957 and as of December of 2024, it had grown to 9 employees and 3,585 members at 2 locations. Boulevard Federal Credit Union's money market rates are 6X 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
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.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11640 |
| Year Chartered | 1957 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 4.59% |
| Annual Interest Income | $2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $42.4MM$42.4MM |
| Loans | Q4 2024vs Q4 2023 | $18.2MM$17.5MM |
| Deposits | Q4 2024vs Q4 2023 | $36.5MM$36.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $5.8MM$5.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $135K$202K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $86K$100K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |