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1615 NW 80th Blvd
Gainesville, FL 32606

Florida Credit Union is headquartered in Gainesville and is the 20th largest credit union in the state of Florida. It is also the 386th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 200 employees and 60,005 members. Florida Credit Union's money market rates are 25% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Anyone who works or lives in Alachua, Bradford, Citrus, Clay, Columbia, Dixie, Flagler, Gilchrist, Hamilton, Hernando, Lake, Levy, Marion, Putnam, St. Johns, Sumter, Suwannee, Union and Volusia county. - See Details

Related Posts

Florida Credit Union Adds High Rate Limited Time 3-Year CD Special - 8/1/2014

Florida Credit Union has raised the rate on its 25-month CDs to an very attractive 1.51% APY. This 25-month CD Special is good only through August 16, 2014.

3-Year CD Special with a Top Rate at Florida Credit Union - 3/14/2014

Florida Credit Union is offering three special rates for its certificates. The one that’s most competitive is its 3-year CD special which has a 1.46% APY. The other two are a 1.00% APY 24-month CD, a ...

Reviews (1)

Customer Service

The tellers are always friendly, but when I spoke with a lady about opening up a credit card I felt like she was rushing me and not allowing me to feel like I was welcome. The options are crappy and the customer service was awful. I would consider taking it to corporate matters, but who knows, the lady could have been having a bad day.. she didn't even smile and she was very unhelpful when I asked her to compare options for me.

I switched to Wells Fargo today because of the issue. Overall Florida credit union is the crapiest bank I've ever dealt with.

-sincerely, upset customer


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 Florida Credit Union had $6.02 million in non-current loans and owned real-estate with $70.55 million in equity and loan loss allowances on hand to cover it. This gives Florida Credit Union a Texas Ratio of 8.54% 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 Credit Union decreased dramatically from 13.22% as of March 31, 2013 to 8.54% as of March 31, 2014, resulting in a positive change of 35.43%.This indicates that the balance sheet and financial strength for Florida Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Florida Credit Union has increased its total deposits by $67.53 million, resulting in 15.32% 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 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. Florida Credit Union has $590.73 million in assets with $70.55 million in equity, resulting in a capitalization level of 11.94%, which is excellent.

Institution Statistics

NCUA #60497
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$590.73 million
Loans$469.22 million
Deposits$508.18 million
Equity Capital$62.15 million
Loan Loss Allowance$8.40 million
Unbacked Noncurrent Loans$3.60 million
Real Estate Owned$2.42 million
Historic Data - March 2013
Assets$520.36 million
Equity Capital$54.95 million
Loan Loss Allowance$9.75 million
Unbacked Noncurrent Loans$3.60 million
Real Estate Owned$1.83 million
Profit Margin - Quarterly
Net Interest Margin1.5%
Return on Assets1.47%
Return on Equity13.99%
Interest Income$7.20 million

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

Florida Credit Union Savings Account Rates

0.40%--IRA Savings
0.40%--Roth IRA Savings
0.10%--Regular Savings
0.10%--Special Savings
0.10%--Youth Savings
0.10%--Vacation Club Savings
0.10%--Holiday Club Savings

Florida Credit Union Money Market Rates

0.55%$100k-Business Money Market Account
0.40%$100k-Smart Money Account
0.40%$100k-Smart Link Money Account
0.40%$100k-Smart Value Money Account
0.15%$10k-Super Money Market Checking Account

Florida Credit Union Checking Account Rates

0.75%$250k-Business Checking Special
0.60%$100k-Business Platinum Checking
0.50%$50k-Business Gold Checking
0.40%$25k-Business Silver Checking
0.25%$25k-Pinnacle Checking
0.25%$10k-Business Premium Checking
0.15%$5k-Business Plus Checking
0.01%$1k-Checking Plus
0.01%$2,500-Super Service

Florida Credit Union CD Rates

1.51%$10k-25 Month Special CD
1.48%$2k-60 Month CD
1.46%$10k-36 Month CD Special
1.18%$2k-48 Month CD
1.00%$10k-24 Month CD Special
0.97%$2k-36 Month CD
0.86%$2k-24 Month CD
0.75%$10k-18 Month CD Special
0.75%$10k-12 Month CD Special
0.67%$2k-18 Month CD
0.62%$2k-12 Month CD
0.37%$1k-6 Month CD

Florida Credit Union IRA Rates

1.51%$10k-25 Month Special IRA
1.48%$2k-60 Month IRA
1.46%$10k-36 Month IRA Special
1.18%$2k-48 Month IRA
1.00%$10k-24 Month IRA Speical
0.97%$2k-36 Month IRA
0.86%$2k-24 Month IRA
0.75%$10k-18 Month IRA Special
0.75%$10k-12 Month IRA Special
0.67%$2k-18 Month IRA
0.62%$2k-12 Month IRA
0.37%$1k-6 Month IRA

Florida Credit Union Locations
Branch Office2831 NW 43rd StGainesville, FL 32606-6608
Branch Office1615 NW 80th BlvdGainesville, FL 32606
Branch Office3720 NW 13th St Ste 10CGainesville, FL 32609-5911
Branch Office2785 SW 91st St Ste 200Gainesville, FL 32608-2784
Branch Office583 W Duval StLake City, FL 32055-5802
Branch Office2424 SW 17th RdOcala, FL 34471-2006
Branch Office2460 Commercial DrStarke, FL 32091-7865
Branch Office3504 E Silver Springs BlvdOcala, FL 34470-6404
Branch Office9680 SW 114th StOcala, FL 34481-3581