Campus Usa Credit Union is headquartered in Gainesville and is the 12st largest credit union in the state of Florida. It is also the 172nd largest credit union in the nation. It was established in 1935 and as of September of 2013, it had grown to 242 employees and 70,463 members. Campus Usa Credit Union's money market rates are 48% higher than the national average, and it boasts a A+ health rating.
CAMPUS USA Credit Union is the largest credit union in our area, serving over 65,000 residents of Alachua, Clay, Columbia, Gadsden, Jefferson, Lake, Leon, Madison, Marion, Sumter, Suwannee and Wakulla counties. If you live, work or attend school in any of these counties we hope you will choose to become a member of a financial institution you can count on. - See Details
I have been a loyal customer of Campus for about 4 years. I have my checking and savings account with them in addition I have paid off a used car loan and a boat loan with them, have a personal line of credit and Visa credit card with them also. My credit with them has been perfect and they have made lots of money off of me. In the 4 years as a loyal customer, I have received 1 $50 dividend check for my share of their success. I apply for a boat loan yesterday and they will only finance up to 50% of it??? So much for being a loyal customer. As of tomorrow I am planning on taking my business else where. What has become painfully obvious with Campus is, they would rather play it safe and nickle and dime you, than loan you real money. Their moto should be "Small Minds Crushing Big Dreams". But they will happily sit back and collect the interest off of your loans and credit cards.
Lake City FL
Campus USA Credit Union agreed to sell us property, we signed the contract and awaited a reply. The person we had to deal with was hard to get a hold of. Since we had an email from him confirming the sale we moved forward with purchasing land surveys, county permits, and blue prints to build our home. At the same time this Credit Union was establishing a contract with an auction to sell the land which he revealed in his final email. We recieved an email out of no where that they were not going to sell but aution it off. We recieved no warning that time was running out and are out the cash. The lack of communicxation costs us not only the survey and permits but also is extending our rental time as we were moving from a few counties away as we try to find other property. I will be contacting my attorney to see if there is any help.
Horrible communication and lack of integrity, I would think twice before doing business with this type of company.
I have been a member of Campus USA Credit Union for over fourteen years. I started with them back when I worked for Shands Hospital and they had a mini-branch and an ATM in the basement of the hospital. I used to have my pay direct deposited into that account and then I would get money out from the ATM as needed and where I couldn't do that I would write checks. At that time, they were more local, friendly and helpful, but they were less available. There were fewer branches back then and they were just beginning to be available outside our general region. They weren't Campus USA Credit Union back then, they were called Campus Federal Credit Union and you had to be a Shands Employee, a UF staff member or otherwise affiliated with the University of Florida to become a member. That is no longer true, these days, too.
Financially, they have done well and done their best to keep rates and fees low, however, if you review their fee schedule now they are quite pricey compared to other credit unions, and I no longer keep my primary banking with them. I do retain a savings account for convenience, and I have never held a loan with them. Their loan approval standards are quite strict and it somewhat more of a hassle to deal with them on that level, so I tend to go through my primary bank for most of my business.
However, they have great CD rates and I am considering rolling my savings account balance into one of their long term CDs.
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 September 30, 2013 Campus Usa Credit Union had $9.61 million in non-current loans and owned real-estate with $153.17 million in equity and loan loss allowances on hand to cover it. This gives Campus Usa Credit Union a Texas Ratio of 6.28% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Campus Usa Credit Union decreased slightly from 7.16% as of September 30, 2012 to 6.28% as of September 30, 2013, resulting in a positive change of 12.34%.This indicates that the balance sheet and financial strength for Campus Usa Credit Union has improved slightly in recent periods.
In the past year, Campus Usa Credit Union has increased its total deposits by $34.61 million, resulting in 3.7% 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 Campus Usa Credit Union has shown is excellent.
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. Campus Usa Credit Union has $1.14 billion in assets with $153.17 million in equity, resulting in a capitalization level of 13.45%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$145.51 million|
|Loan Loss Allowance||$7.67 million|
|Unbacked Noncurrent Loans||$8.94 million|
|Real Estate Owned||$673,000|
|Historic Data - September 2012|
|Equity Capital||$137.72 million|
|Loan Loss Allowance||$9.18 million|
|Unbacked Noncurrent Loans||$8.94 million|
|Real Estate Owned||$824,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.87%|
|Return on Assets||0.71%|
|Return on Equity||5.54%|
|Interest Income||$26.73 million|
Always verify rates and promotions with the bank or credit union. We are not Campus Usa Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.30%||-||-||CAMPUS Kidz Account|
|0.10%||-||-||Vacation Club Account|
|0.10%||-||-||Holiday Club Account|
|0.65%||$500k||-||Money Market Checking|
|0.70%||$75k||$100k||3 Year CD|
|0.60%||$75k||$100k||2 Year CD|
|0.45%||$75k||$100k||18 Month CD|
|0.35%||$75k||$100k||1 Year CD|
|0.30%||$75k||$100k||182 Day CD|
|0.30%||$75k||$100k||9 Month CD|
|0.26%||$75k||$100k||91 Day CD|