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P.O. Box 5549
Gainesville, FL 32627

Florida Credit Union is headquartered in Gainesville and is the 20th largest credit union in the state of Florida. It is also the 393rd largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 196 employees and 58,659 members. Florida Credit Union 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

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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 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 Credit Union had $8.68 million in non-current loans and owned real-estate with $69.05 million in equity and loan loss allowances on hand to cover it. This gives Florida Credit Union a Texas Ratio of 12.57% which is above average. 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 slightly from 15.38% as of December 31, 2012 to 12.57% as of December 31, 2013, resulting in a positive change of 18.25%.This indicates that the balance sheet and financial strength for Florida Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Florida Credit Union has increased its total deposits by $62.83 million, resulting in 15.04% 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 $559.14 million in assets with $69.05 million in equity, resulting in a capitalization level of 12.35%, which is excellent.

Institution Statistics

NCUA #60497
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$559.14 million
Loans$461.28 million
Deposits$480.43 million
Equity Capital$59.98 million
Loan Loss Allowance$9.08 million
Unbacked Noncurrent Loans$6.53 million
Real Estate Owned$2.15 million
Historic Data - December 2012
Assets$492.38 million
Equity Capital$53.39 million
Loan Loss Allowance$9.92 million
Unbacked Noncurrent Loans$6.53 million
Real Estate Owned$2.21 million
Profit Margin - Quarterly
Net Interest Margin5.84%
Return on Assets1.18%
Return on Equity10.98%
Interest Income$27.52 million

Sorry, we do not have rate data for Florida Credit Union


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