121 Financial Credit Union is headquartered in Jacksonville and is the 27th largest credit union in the state of Florida. It is also the 501st largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 132 employees and 38,394 members. 121 Financial Credit Union has a A health rating.
Must work, live or attend school in Duval, Clay, St. Johns, Nassau, Baker, Columbia, Union, Bradford, Alachua, Putnam or Flagler County. - See Details
Has to be the worst experience with a credit union I have ever had. No costumer service, high and shady fees, and loan practices that border on the Illeagal in my opinion. Get your loans and accounts anywhere but here
recently I experience some financial difficulties, I was supposed to get a extension on 2 accounts. my auto loan and a on secured revolving line of credit. the truck never got 30 days past due, the unsecured line 60 days. my member privileges revoked I can only deal with collections even current though now. however the unsecured line of credit, basically a credit card goes over 30 days, collections calls and threatens to repo my current truck. stay away!
I hav been with 121 (previously Florida Telco) for 8 years. I have a checking account, a savings account, and have had a personal loan with them. Everytime I go (no matter which branch), I get the worst service of any bank/credit union I have ever dealt with. I closed my accounts today and would advise anyone looking for a credit union or bank to look elsewhere. The rates are high and the service is bad to say the least.
I've found the service at 121 Financial to be friendly and personal. I've compared their rates with others in town and they're pretty much in the middle or upper middle. They do treat me like a person and not a number.
Customer service is number 1 - I didn't have to wait long and had a wonderful experience. My loan was approved and I drove straight to the dealership, purchased my new car and was even able to easily set up my payments to be made automatically which gave me .25% discount on my already low rate! Thank you 121 Financial!
FL Telco has been the worst experience with a lending institution I have ever had. No customer service, fee driven, and practices that border on outright fraud. Stay away from FL Telco.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 121 Financial Credit Union had $2.34 million in non-current loans and owned real-estate with $50.06 million in equity and loan loss allowances on hand to cover it. This gives 121 Financial Credit Union a Texas Ratio of 4.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for 121 Financial Credit Union decreased dramatically from 7.04% as of December 31, 2012 to 4.68% as of December 31, 2013, resulting in a positive change of 33.55%.This indicates that the balance sheet and financial strength for 121 Financial Credit Union has improved dramatically in recent periods.
In the past year, 121 Financial Credit Union has decreased its total deposits by -$1.1 million, resulting in -0.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 121 Financial Credit Union has shown is average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 121 Financial Credit Union has $429.12 million in assets with $50.06 million in equity, resulting in a capitalization level of 11.66%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$46.06 million|
|Loan Loss Allowance||$4.00 million|
|Unbacked Noncurrent Loans||$1.64 million|
|Real Estate Owned||$701,000|
|Historic Data - December 2012|
|Equity Capital||$44.50 million|
|Loan Loss Allowance||$5.35 million|
|Unbacked Noncurrent Loans||$1.64 million|
|Real Estate Owned||$495,000|
|Profit Margin - Quarterly|
|Net Interest Margin||5.59%|
|Return on Assets||0.67%|
|Return on Equity||6.23%|
|Interest Income||$14.86 million|
Always verify rates and promotions with the bank or credit union. We are not 121 Financial Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.30%||$50k||-||Roth IRA Savings|
|0.25%||$50k||-||Personal Savings Account|
|0.25%||$50k||-||Children's Savings Account|
|0.15%||$5k||-||Reserve Savings Account|
|0.15%||$100||-||Holiday Savings Account|
|0.40%||$50k||-||Premier Money Market|
|0.30%||$20k||$50k||Money Market Account|
|0.10%||$10k||-||Personal Interest Checking|
|1.40%||$500||-||60 Month CD|
|1.10%||$500||-||48 Month CD|
|0.90%||$500||-||36 Month CD|
|0.70%||$500||-||24 Month CD|
|0.55%||$500||-||12 Month CD|
|0.30%||$500||-||6 Month CD|
|0.20%||$500||-||3 Month CD|
|0.20%||-||-||24 Month Right Course CD|
|0.05%||-||-||12 Month Right Course CD|
|1.40%||$500||-||60 Month IRA (Traditional,Roth)|
|1.10%||$500||-||48 Month IRA (Traditional,Roth)|
|0.90%||$500||-||36 Month IRA (Traditional,Roth)|
|0.70%||$500||-||24 Month IRA (Traditional,Roth)|
|0.55%||$500||-||12 Month IRA (Traditional,Roth)|
|0.30%||$500||-||6 Month IRA (Traditional,Roth)|
|0.20%||$500||-||3 Month IRA (Traditional,Roth)|
|0.20%||-||-||24 Month Right Course IRA (Traditional,Roth)|
|0.05%||-||-||12 Month Right Course IRA (Traditional,Roth)|
|121 Financial Credit Union Locations|
|Branch Office||12740 Atlantic Blvd Ste 12||Jacksonville, FL 32225-3199|
|Branch Office||459 E 16th St||Jacksonville, FL 32206|
|Branch Office||8101 Normandy Blvd||Jacksonville, FL 32221-6648|
|Branch Office||6072 Youngerman Cir||Jacksonville, FL 32244-5733|
|Branch Office||300 W Adams St||Jacksonville, FL 32202-4365|
|Branch Office||9700 Touchton Rd||Jacksonville, FL 32246-8227|
|Branch Office||14023 Revell Dr||Jacksonville, FL 32218-7250|
|Branch Office||12250 San Jose Blvd||Jacksonville, FL 32223|
|Branch Office||9730 Hutchinson Park Dr||Jacksonville, FL 32225|