Florida Credit Union

P.O. Box 5549
Gainesville, FL 326275549
www.flcu.org

NCUA

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Florida Credit Union is headquartered in GAINESVILLE and is the 22^nd largest credit union in the state of Florida. It is also the 420^th largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 177 employees and 53,457 members. Florida Credit Union has a 4-star health rating.

Special 3-Year CD Rate at Florida Credit Union - Local Only - 12/28/2011

Florida Credit Union is offering four special rates for its certificates and IRAs. The only one that is competitive is its 3-year special which has a 1.61% APY. The other three are a 1.07% APY 25-mont ...

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

Florida Credit Union Checking Account Rates

Apy	Min	Max	Product
0.40%	$25k	-	Business Silver Checking
0.25%	$25k	-	Pinnacle Checking
0.15%	$5k	-	Business Plus Checking
0.01%	$1k	-	Checking Plus
0.01%	$2,500	-	Super Checking

Florida Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	-	-	Main Savings
0.35%	-	-	Special Savings
0.35%	-	-	Youth Savings
0.35%	-	-	Vacation Club Savings
0.35%	-	-	Holiday Club Savings

Florida Credit Union Money Market Rates

Apy	Min	Max	Product
0.55%	$100k	-	Business Money Market Account
0.40%	$100k	-	Money Market Account
0.40%	$100k	-	Money Account $50,000 Account
0.40%	$100k	-	Money Account $65,000 Account
0.15%	$10k	-	Money Market Checking Account

Florida Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$50k	-	60 Month Jumbo CD
1.25%	$2k	-	60 Month CD
1.00%	$2k	-	48 - 59 Month CD
1.00%	$50k	-	48 - 59 Month Jumbo CD
0.95%	$2k	-	36 - 47 Month CD
0.95%	$50k	-	36 - 47 Month Jumbo CD
0.75%	$2k	-	24 - 29 Month CD
0.75%	$2k	-	30 - 35 Month CD
0.75%	$50k	-	24 - 29 Month Jumbo CD
0.75%	$50k	-	30 - 35 Month Jumbo CD
0.50%	$2k	-	12 - 17 Month CD
0.50%	$2k	-	18 - 23 Month CD
0.50%	$50k	-	12 - 17 Month Jumbo CD
0.50%	$50k	-	18 - 23 Month Jumbo CD
0.25%	$1k	-	6-11 Month CD
0.25%	$50k	-	6-11Month Jumbo CD

Florida Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	$50k	-	60 Month Jumbo IRA
1.26%	$2k	-	60 Month Roth IRA
1.25%	$2k	-	60 Month IRA
1.25%	$50k	-	60 Month Jumbo Roth IRA
1.00%	$2k	-	48 - 59 Month IRA
1.00%	$50k	-	48 - 59 Month Jumbo IRA
1.00%	$2k	-	48 - 59 Month Roth IRA
1.00%	$50k	-	48 - 59 Month Jumbo Roth IRA
0.95%	$2k	-	36 - 47 Month IRA
0.95%	$50k	-	36 - 47 Month Jumbo IRA
0.95%	$2k	-	36 - 47 Month Roth IRA
0.95%	$50k	-	36 - 47 Month Jumbo Roth IRA
0.75%	$2k	-	24 - 29 Month IRA
0.75%	$2k	-	30 - 35 Month IRA
0.75%	$50k	-	24 - 29 Month Jumbo IRA
0.75%	$50k	-	30 - 35 Month Jumbo IRA
0.75%	$2k	-	24 - 29 Month Roth IRA
0.75%	$50k	-	24 - 29 Month Jumbo Roth IRA
0.75%	$2k	-	30 - 35 Month Roth IRA
0.75%	$50k	-	30 - 35 Month Jumbo Roth IRA
0.50%	$2k	-	12 - 17 Month IRA
0.50%	$2k	-	18 - 23 Month IRA
0.50%	$50k	-	12 - 17 Month Jumbo IRA
0.50%	$50k	-	18 - 23 Month Jumbo IRA
0.50%	$2k	-	12 - 17 Month Roth IRA
0.50%	$50k	-	12 - 17 Month Jumbo Roth IRA
0.50%	$2k	-	18 - 23 Month Roth IRA
0.50%	$50k	-	18 - 23 Month Jumbo Roth IRA
0.25%	$50k	-	6 - 11 Month Jumbo IRA
0.25%	$1k	-	6 - 11 Month IRA
0.25%	$1k	-	6 - 11 Month Roth IRA
0.25%	$50k	-	6 - 11 Month Jumbo Roth IRA

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

FLORIDA
NCUA #	60497
BankRate Report	View
Year Chartered	1954
Employees	177
Primary Regulator
Assets and Liabilities
Assets	$492.38 million
Loans	$406.01 million
Deposits	$417.60 million
Equity Capital	$53.39 million
Loan Loss Allowance	$9.92 million
Unbacked Noncurrent Loans	$7.53 million
Real Estate Owned	$2.21 million
Historic Data - December 2011
Assets	$459.53 million
Equity Capital	$47.75 million
Loan Loss Allowance	$10.20 million
Unbacked Noncurrent Loans	$8.89 million
Real Estate Owned	$2.02 million
Profit Margin - Quarterly
Net Interest Margin	6.28%
Return on Assets	1.15%
Return on Equity	10.57%
Interest Income	$26.00 million
Non-Interest Income	$13.01 million

Institution Health

Overall Score:

4 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 December 31, 2012 Florida Credit Union had $9.74 million in non-current loans and owned real-estate with $63.31 million in equity and loan loss allowances on hand to cover it. This gives Florida Credit Union a Texas Ratio of 15.38% which is 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 18.82% as of December 31, 2011 to 15.38% as of December 31, 2012, resulting in a positive change of 18.29%.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 $27.34 million, resulting in 7.01% 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 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 Credit Union has $492.38 million in assets with $63.31 million in equity, resulting in a capitalization level of 12.86%, which is excellent.