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P.O. Box 18605
Tampa, FL 33679

Florida Central Credit Union is headquartered in Tampa and is the 32nd largest credit union in the state of Florida. It is also the 552nd largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 112 employees and 50,581 members. Florida Central Credit Union has a B+ health rating.

Field of Membership Restrictions

You may become a member through your employer. Visit your Human Resources Department to find out if membership in floridacentral Credit Union is offered to the employees of your company. Membership is also open to anyone who lives or works in Pasco, Hillsborough, Pinellas, Polk, Manatee, Sarasota, DeSoto, Charlotte, Orange, or Lake counties. If you live in the state of Florida and have an immediate relative that is currently a member of floridacentral Credit Union, you are eligible to join. You will need to deposit $5 to open your savings account. Your savings account establishes your membership in the floridacentral Credit Union. - See Details

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Reviews (1)

Lower Untimate Reward Checking Account Interest Rate

On January 31, 2011 FCCU board approved lowering the interest rate for Ultimate reward checking account to 3.51%APY for up to $15K. To receive 4.50%APY interest rate, members now have to have at least a $5K loan with FCCU. FCCU did not notify members of this change, have not updated their brochures for this product, and have only printed a small addendum of the rate to include with new member packets, and have hidden the change in requirements in their website so that it still appears that the qualifications for the 4.50% APY interest rate have not changed. I don't take issue with the interest rate, but with the way it was NOT communicated to current and even new members. The advertising continues to be very deceptive.


Data for Q4 2013

Institution Health


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 December 31, 2013 Florida Central Credit Union had $1.79 million in non-current loans and owned real-estate with $36.82 million in equity and loan loss allowances on hand to cover it. This gives Florida Central Credit Union a Texas Ratio of 4.86% 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 experienced no significant changes from 4.96% as of December 31, 2012 to 4.86% as of December 31, 2013, resulting in a positive change of 2.04%.This indicates that the balance sheet and financial strength for Florida Central Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Florida Central Credit Union has increased its total deposits by $2.16 million, resulting in 0.62% 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 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. Florida Central Credit Union has $386.85 million in assets with $36.82 million in equity, resulting in a capitalization level of 9.52%, which is above average.

Institution Statistics

NCUA #67668
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$386.85 million
Loans$235.23 million
Deposits$348.41 million
Equity Capital$35.12 million
Loan Loss Allowance$1.70 million
Unbacked Noncurrent Loans$1.65 million
Real Estate Owned$138,000
Historic Data - December 2012
Assets$384.18 million
Equity Capital$32.55 million
Loan Loss Allowance$2.02 million
Unbacked Noncurrent Loans$1.65 million
Real Estate Owned$150,000
Profit Margin - Quarterly
Net Interest Margin4.59%
Return on Assets0.45%
Return on Equity5.01%
Interest Income$13.74 million

Always verify rates and promotions with the bank or credit union. We are not Florida Central Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Florida Central Credit Union Savings Account Rates

0.41%--IRA Savings
0.41%--Roth IRA Savings
0.15%--Christmas Club
0.15%--Value Savings

Florida Central Credit Union Money Market Rates

0.26%$50k-Money Market

Florida Central Credit Union Checking Account Rates

3.25%-$5kUltimate Checking with qualified loan
1.75%-$1kUltimate Checking with qualified loan
0.10%--Ultimate Checking with qualified loan
0.05%$1k-Preferred Checking

Florida Central Credit Union CD Rates

1.60%$500-5 Year CD
1.40%$500-4 Year CD
1.10%$500-3 Year CD
0.71%$500-2 Year CD
0.41%$500-1 Year CD
0.26%$500-6 Month CD

Florida Central Credit Union IRA Rates

1.60%--5 Year IRA (Traditional,Roth)
1.40%--4 Year IRA (Traditional,Roth)
1.10%--3 Year IRA (Traditional,Roth)
0.71%--2 Year IRA (Traditional,Roth)
0.41%--1 Year IRA (Traditional,Roth)
0.26%--6 Month IRA (Traditional,Roth)

Florida Central Credit Union has 11 locations. Click to view all Florida Central Credit Union locations.