Florida Central Credit Union

4630 S. Florida Ave.
Lakeland, FL 33813
(863) 687-4166
www.floridacentralcu.com

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Florida Central Credit Union is headquartered in TAMPA and is the 32^nd largest credit union in the state of Florida. It is also the 574^th largest credit union in the nation. It was established in 1954 and as of September of 2011, it had grown to 95 employees and 44,372 members. Florida Central Credit Union has a 5-star health rating.

Florida Central Credit Union Drops Rate To 2.75% For Customers Without Loan Account. (From 3.01%) (Forum) - 1/2/2012

2.75% APY* if loan qualifications are not met but other three qualifications are met on balances up to $15,000 -with loan account rate remains at 4.25%.

Best High-Yield Reward Checking Accounts in Florida - 4/28/2011

Last week I reviewed some of the best Texas reward checking accounts . This week I'll review some of the best in Florida. For those not familiar with reward checking, you may want to review my recent ...

Unique Reward Checking Account with a Long History in Florida - 4/8/2011

While reviewing some of the old reward checking accounts, I came across a few interesting ones that still offer competitive rates. One is the Ultimate Checking Account at Florida Central Credit Union ...

Survey of Old Reward Checking Accounts: Which Have Held Up Well and Which Haven't - 11/9/2010

When you are opening a checking or savings account for its high interest rate, you are hoping that the rate will stay high or at least remain competitive for the long-term. With checking or savings ac ...

2007

11/8 - High-Yield Reward Checking Account at Florida Central Credit Union

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See Rates for: Checking | Savings | Money Market | CD | IRA

Florida Central Credit Union Checking Account Rates

Apy	Min	Max	Product
4.25%	-	$15k	Ultimate Checking
0.10%	$1k	-	Preferred Checking

Florida Central Credit Union Savings Account Rates

Apy	Min	Max	Product
0.41%	-	-	IRA Savings
0.41%	-	-	Roth IRA Savings
0.25%	-	-	Christmas Club
0.25%	-	-	Value Savings

Florida Central Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.26%	$50k	-	Money Market Account

Florida Central Credit Union CD Rates

Apy	Min	Max	Product
1.71%	$500	-	5 Year CD
1.41%	$500	-	4 Year CD
1.31%	$500	-	3 Year CD
0.91%	$500	-	2 Year CD
0.91%	$500	-	2.5 Year CD
0.51%	$500	-	1 Year CD
0.36%	$500	-	6 Month CD

Florida Central Credit Union IRA Rates

Apy	Min	Max	Product
1.71%	-	-	5 Year IRA
1.71%	-	-	5 Year Roth IRA
1.41%	-	-	4 Year IRA
1.41%	-	-	4 Year Roth IRA
1.31%	-	-	3 Year IRA
1.31%	-	-	3 Year Roth IRA
0.91%	-	-	2 Year IRA
0.91%	-	-	2.5 Year IRA
0.91%	-	-	2 Year Roth IRA
0.91%	-	-	2.5 Year Roth IRA
0.51%	-	-	1 Year IRA
0.51%	-	-	1 Year Roth IRA
0.36%	-	-	6 Month IRA
0.36%	-	-	6 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

FLORIDA CENTRAL
NCUA #	67668
BankRate Report	View
Year Established	1954
Employees	95
Primary Regulator
Assets and Liabilities
Assets	$339.28 million
Loans	$189.41 million
Deposits	$303.78 million
Equity Capital	$31.91 million
Loan Loss Allowance	$2.63 million
Unbacked Noncurrent Loans	$1.83 million
Real Estate Owned	$465,000
Historic Data - September 2010
Assets	$287.83 million
Equity Capital	$29.18 million
Loan Loss Allowance	$3.23 million
Unbacked Noncurrent Loans	$1.94 million
Real Estate Owned	$15,000
Profit Margin - Quarterly
Net Interest Margin	3.79%
Return on Assets	0.49%
Return on Equity	5.2%
Interest Income	$9.87 million
Non-Interest Income	$4.89 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2011 Florida Central Credit Union had $2.29 million in non-current loans and owned real-estate with $34.54 million in equity and loan loss allowances on hand to cover it. This gives Florida Central Credit Union a Texas Ratio of 6.64% 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 Florida Central Credit Union held steady from 6.03% as of September 30, 2010 to 6.64% as of September 30, 2011, resulting in a negative change of 10.07%. This indicates that the balance sheet and financial strength for Florida Central Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Florida Central Credit Union has increased its total deposits by $48.52 million, resulting in 19.01% 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 Florida Central Credit Union has shown is excellent.
Capitalization
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. Florida Central Credit Union has $339.28 million in assets with $34.54 million in equity, resulting in a capitalization level of 10.18%, which is above average.