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Who We Are
BFG: Ohio's Local Credit Union - Who We Are
BFG Federal Credit Union is a full service federally insured institution established in 1935. In 1935 the factory workers of the BF Goodrich Company didn’t have a place to go in order to borrow short term small consumer loans. The local banks did not have a desire to lend to them and community thrifts were only there to provide home ownership.
From 1935 until 2004 BFG served the employees of the BF Goodrich Company and 400 other companies located in Northeast Ohio. In 2005 our membership charter was expanded to include all residents, employees, students, worshippers and volunteers of Summit County, Ohio. Credit union privileges were also expanded to include immediate family members or household members of an existing member or any individual eligible for membership. We have members living in virtually all 50 states.
Today, BFG Federal Credit Union is one of Ohio’s largest credit unions with more than 29,000 members with over $164 million in assets. Our successful growth as a leading full service financial institution providing local bank services is due to the satisfaction and loyalty of our members.
Our mission statement is as follows:
To earn Member’s loyalty and business
To fulfill Member’s financial needs
To exceed Member’s expectations of service and value.
As a non-profit financial institution and unlike a local bank or a community bank, our sole purpose is to serve the interests of our members.
After setting aside reserves, credit union earnings are returned to our members in the form of:
- Higher dividend rates on deposits
- Lower interest rates on loans
- Fewer Fees
- Technology driven delivery channels allowing 24 hour access to accounts
- Personalized service
Our tradition of financial strength provides a safe place for our members to save their hard earned dollars. Monies deposited into bank accounts at the credit union are federally insured up to $250,000 by the National Credit Union Administration, an agency of the United States Government.
Please browse the website to learn more about how you can bank with us and enjoy the benefits of BFG Federal Credit Union.
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