COVID-19 Response - Update as of November 25, 2020

INTERNATIONAL MAIL DISRUPTION: BFSFCU mails statements, year-end tax forms and other account related information from the United States.
Due to the pandemic, the US Postal Service is unable deliver mail to certain international destinations. Please visit USPS.com for more information.

To ensure you receive timely information about your account, BFSFCU encourages you to enroll in Digital Banking and sign up for eStatements (paperless delivery).

Our IMF HQ2 Branch is open from 9:00 AM to 4:00 PM and our Express Branch,
ATM and Lending Center at 1725 I Street are also open to serve you in person from 8:30 AM to 4:00 PM, Mon - Fri.
***The IFC and MC Branches remain closed due to COVID-19 restrictions to our sponsor group facilities until further notice.***

Holiday Closing: BFSFCU will be closed on November 26 and November 27, 2020 in observance of the Thanksgiving holiday.

For the latest information about our operations and measures we are taking, please visit our COVID-19 Response page.

Financial Highlights

Statements of Financial Condition 2019 2018 % Change Alert Me
Cash and Cash Equivalents $191,337 $210,813 (9.24)
Investments 1,872,229 1,865,350 0.37
Loans (Net of Allowance for Loan Losses) 2,993,292 2,798,196 6.97
Loans In Process 66,960 36,193 85.01
Other Assets 64,687 61,284 5.55
Total Assets 5,188,505 4,971,837 4.36
Deposits 4,500,060 4,348,837 3.48
Other Liabilities 41,563 39,383 5.53
Members' Equity 638,186 593,911 7.45
Total Liabilities and Members' Equity 5,188,505 4,971,837 4.36
Statements of Income Alert Me
Interest Income $152,294 $136,533 11.54
Interest Expense (Dividends) 44,333 26,935 64.59
Net Interest Income 107,960 109,597 (1.49)
Provision for Loan Losses 3,984 (1,331) (399.29)
Noninterest Income 17,839 19,433 (8.20)
Noninterest Expense 77,541 72,491 6.97
Net Income 44,275 57,870 (23.49)
Key Equity Ratios Alert Me
Members' Equity to Deposits 14.18% 13.66% 3.84
Members' Equity to Total Assets 12.30% 11.95% 2.97
Other Highlights Alert Me
Mortgage Servicing Portfolio $206,293 $242,446 (14.91)
Operating Expense to Assets 1.57% 1.52% 3.29
Members 89,925 88,413 1.71
(In Thousands, US)