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407-896-9411
1000 Primera Blvd
Lake Mary, FL 32746

Central Florida Educators Credit Union is headquartered in Lake Mary and is the 9th largest credit union in the state of Florida. It is also the 129th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 377 employees and 135,269 members. Central Florida Educators Credit Union's savings rates are 94% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in Orange, Osceola, Lake or Seminole County. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Central Florida Educators Credit Union had $10.09 million in non-current loans and owned real-estate with $173.64 million in equity and loan loss allowances on hand to cover it. This gives Central Florida Educators Credit Union a Texas Ratio of 5.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Central Florida Educators Credit Union experienced no significant changes from 5.50% as of March 31, 2013 to 5.81% as of March 31, 2014, resulting in a negative change of 5.65%. This indicates that the balance sheet and financial strength for Central Florida Educators Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Central Florida Educators Credit Union has increased its total deposits by $61.57 million, resulting in 5.15% 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 Central Florida Educators Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Central Florida Educators Credit Union has $1.48 billion in assets with $173.64 million in equity, resulting in a capitalization level of 11.75%, which is excellent.

Institution Statistics

Overall
NCUA #1976
Year Chartered1937
Employees377
Primary Regulator
Assets and Liabilities
Assets$1.48 billion
Loans$638.38 million
Deposits$1.26 billion
Equity Capital$164.62 million
Loan Loss Allowance$9.02 million
Unbacked Noncurrent Loans$7.76 million
Real Estate Owned$2.34 million
Historic Data - March 2013
Assets$1.43 billion
Equity Capital$170.76 million
Loan Loss Allowance$10.12 million
Unbacked Noncurrent Loans$7.76 million
Real Estate Owned$994,000
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.88%
Return on Equity7.93%
Interest Income$11.88 million
Rates

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Central Florida Educators Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.01%$50-Health Savings Accounts
0.50%--IRA Savings Account
0.25%$50-Share (Savings)
0.25%$50-Holiday Share
0.25%$50-Summer Share
0.25%$50-Fun Share
0.25%$50-Business Share Savings
0.25%$50-Business Member Share

Central Florida Educators Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%$1m-Insured Money Market
0.70%$1m-Business Insured Money Market

Central Florida Educators Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k-Business Checking
0.50%$25k-Business Checking Plus
0.50%$25k-Business Non-Profit Checking

Central Florida Educators Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$1k-60 Month Certificate
1.00%$1k-48-59 Month Certificate
0.90%$1k-36-47 Month Certificate
0.70%$1k-30-35 Month Certificate
0.65%$1k-24-29 Month Certificate
0.50%$1k-12-23 Month Certificate
0.30%$1k-6-11 Month Certificate
0.30%--6 Month Savings Builder Share Certificate
0.20%$1k-3-5 Month Certificate

Central Florida Educators Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$1k-60 Month IRA Certificate
1.00%$1k-48-59 Month IRA Certificate
0.90%$1k-36-47 Month IRA Certificate
0.70%$1k-30-35 Month IRA Certificate
0.65%$1k-24-29 Month IRA Certificate
0.50%$1k-12-23 Month IRA Certificate
0.30%--6 Month Savings Builder IRA Share Certificate
0.30%$1k-6-11 Month IRA Certificate
0.20%$1k-3-5 Month IRA Certificate
Locations

Central Florida Educators Credit Union has 18 locations. Click to view all Central Florida Educators Credit Union locations.