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637 N Lee St
Jacksonville, FL 32204-1141

Community First Credit Union (FL) is headquartered in Jacksonville and is the 10st largest credit union in the state of Florida. It is also the 163rd largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 252 employees and 108,556 members. Community First Credit Union (FL)'s savings rates are 6X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives or works in Baker, Clay, Duval, Flagler, Nassau, Putnam or St. Johns counties. - See Details

Reviews (2)

Best Local Financial Institution

I have been a member of Community First Credit Union for over forty years. During that time it has met my financial needs and has proven to be a trustworthy institution. It has evolved to meet my needs, including mobile banking. I appreciate the role it plays in the local northeast Florida area, particularly the support of local schools. The name is not Community First Federal Credit Union, but Community First Credit Union of Florida. I highly recommend it to anyone who lives or works in northeast Florida.

Loan Information

I found it impossible to get any information regarding mortgage loans unless I became a member. I need to know rates before I would agree to join. Other credit unions were forthcming with the info. I'm going elsewhere.


Data for Q1 2014

Institution Health


Texas Ratio


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 Community First Credit Union (FL) had $13.65 million in non-current loans and owned real-estate with $155.58 million in equity and loan loss allowances on hand to cover it. This gives Community First Credit Union (FL) a Texas Ratio of 8.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Community First Credit Union (FL) decreased dramatically from 19.86% as of March 31, 2013 to 8.78% as of March 31, 2014, resulting in a positive change of 55.82%.This indicates that the balance sheet and financial strength for Community First Credit Union (FL) has improved dramatically in recent periods.

Deposit Growth


In the past year, Community First Credit Union (FL) has increased its total deposits by $26.05 million, resulting in 2.41% 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 Community First Credit Union (FL) has shown is above 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. Community First Credit Union (FL) has $1.26 billion in assets with $155.58 million in equity, resulting in a capitalization level of 12.34%, which is excellent.

Institution Statistics

NCUA #67290
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$1.26 billion
Loans$704.22 million
Deposits$1.11 billion
Equity Capital$137.62 million
Loan Loss Allowance$17.96 million
Unbacked Noncurrent Loans$12.16 million
Real Estate Owned$1.50 million
Historic Data - March 2013
Assets$1.22 billion
Equity Capital$124.83 million
Loan Loss Allowance$28.82 million
Unbacked Noncurrent Loans$12.16 million
Real Estate Owned$2.04 million
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets1.11%
Return on Equity10.16%
Interest Income$10.17 million

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Community First Credit Union (FL) Savings Account Rates

3.00%-$500Youth Advantage Share Savings
0.80%$50k-IRA Shares
0.80%$50k-SEP Shares
0.80%$50k-457 Shares
0.25%$100-Primary Share Savings
0.25%$100-Special Purpose Share Savings
0.25%$100-Primary Business Share Savings

Community First Credit Union (FL) Money Market Rates

0.45%$100k-Business Money Market
0.40%$100k-Passport Money Market

Community First Credit Union (FL) Checking Account Rates

1.51%-$500Advantage Checking - Qualifying
0.10%$1k-Business Interest Checking
0.05%--Free Checking

Community First Credit Union (FL) CD Rates

1.60%$100k-60 Month Term CD
1.30%$100k-48 - 59 Month Term CD
1.06%$100k-36 - 47 Month Term CD
1.01%$100k-30 - 35 Month Term CD
0.85%$100k-24 - 29 Month Term CD
0.85%$100k-Adjustable 60 Month Term CD
0.68%$100k-12 - 17 Month Term CD
0.68%$100k-18 - 23 Month Term CD
0.43%$100k-6 - 11 Month Term CD
0.40%$100k-3 - 5 Month Term CD

Community First Credit Union (FL) has 17 locations. Click to view all Community First Credit Union (FL) locations.