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129 S Kentucky Ave
Lakeland, FL 33801

MIDFLORIDA Credit Union is a multi-branch credit union that focuses on the Central Florida region. The credit union offers personal and business products and services that serve hundreds of thousands of members.

On the personal banking side, MIDFLORIDA offers checking, savings, money market, and certificate accounts to provide different opportunities for consumers to save and manage their money. The credit union makes available a checking account designed specifically for teenagers that comes with bonus rates on college-focused certificate accounts. Several other checking accounts provide members with various features like debit cards, eStatements, Bill Pay, and Cashier’s Checks to name a few. MIDFLORIDA’s savings account opportunities vary based on age, with a savings account geared towards teens and a savings account geared towards children. A basic savings account is also offered that includes an incentive when certain account balance thresholds are met. Money market accounts offered by the credit union have minimum initial deposit requirements and increase interest earnings based on account balances. Certificates are considered investments by the credit union and are available in term lengths ranging from 12 to 60 months. One certificate opportunity targets college students specifically and offers bonus basis points on interest earned to college-aged members.

MIDFLORIDA Credit Union online banking allows members to manage all of their accounts in one location. It provides functions like check image viewing, fund transfers, Bill Pay, and Debit Card Rewards tracking. The credit union also offers a smartphone app that members can use to manage their accounts and make various payments.

MIDFLORIDA Credit Union was originally chartered in 1954 as the Polk County Teachers Credit Union. It was initially established to meet the banking needs of teachers in the community and eventually opened its membership up to residents, generally, in 2002.

Field of Membership Restrictions

Anyone who lived, worked, worshipped or attended school in Polk or Highlands County could join. That same year, MIDFLORIDA Schools Federal Credit Union became MIDFLORIDA Federal Credit Union. - See Details

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you may want to think twice about trying there secured visa cards. i have had constant issues. The card was diactivated several times for no reason was told the first time someone accidently hit a wrong key. The next time i was diactivated saying my card had expired when it says 2015! Then i was told i could close the account at the branch and receive by secured deposit of 400 dollars back that I put up front in cash! well that didnt happen i have to wait 2 months to receive my deposit back. oh and if you like to use your card at the pump forget that convenince you have to go in the store to swipe your card it never works at the pump. never have i had so much inconvience with a credit card! Of course no one in the bank can assist either because the credit department is a completely separate intity. i give midflorida a Negative 0 stars horrible!Still dont know if or when i will receive my 400 dollars back we will see if it even happens at this point!

NSF Fees Are Too Much....

I got only 45$ from a total if 102.50$ back from a miss calculation on my behalf in a first time incident, I believe that I was mistreated in this case and honestly will be looking for another place to bank with since I was not given the correct opportunity. In my opinion I was treated unfairly. Plus not to add the fact that felt harrased by the lady over the phone with her questions and all that , the way the handle the situation is just poor! Advice there are better credit unions out there! Over and out!

Agree With Others

I have to agree with all previous post. Except the car repo that has not happen to me..Luckily my car is with another bank.  I have been with credit union since Eastern  and even when they went to SCCU the transfer was not this bad. 

I think I have finally gotten things straight but it's been awhile


Unfair Treatment

Midflorida credit union is very disappointing compared to Eastern Financial Credit Union that I joined 16 years ago.
Black members are treated very differently than nonblack members, evidenced by the fact that some of my nonblack friends bank there and do not have to go through the same things as I do. I make deposits from my business account and even though it has overdraft protection, I have to wait for the teller to call the bank to see if I have enough funds to deposit a check. If there is not enough funds at the time they call, a freeze is put on my deposit for 3 days!!!! My nonblack friends with business accounts never encounter that problem!! Sad in 2013!!!
There should be an option for zero stars!!!



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 MIDFLORIDA Credit Union had $7.8 million in non-current loans and owned real-estate with $212.38 million in equity and loan loss allowances on hand to cover it. This gives MIDFLORIDA Credit Union a Texas Ratio of 3.67% 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 MIDFLORIDA Credit Union decreased dramatically from 5.48% as of March 31, 2013 to 3.67% as of March 31, 2014, resulting in a positive change of 32.94%.This indicates that the balance sheet and financial strength for MIDFLORIDA Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, MIDFLORIDA Credit Union has increased its total deposits by $63.04 million, resulting in 3.91% 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 MIDFLORIDA 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. MIDFLORIDA Credit Union has $2.05 billion in assets with $212.38 million in equity, resulting in a capitalization level of 10.35%, which is above average.

Institution Statistics

NCUA #68600
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$2.05 billion
Loans$1.38 billion
Deposits$1.68 billion
Equity Capital$189.62 million
Loan Loss Allowance$22.76 million
Unbacked Noncurrent Loans$6.36 million
Real Estate Owned$1.45 million
Historic Data - March 2013
Assets$1.89 billion
Equity Capital$167.68 million
Loan Loss Allowance$22.71 million
Unbacked Noncurrent Loans$6.36 million
Real Estate Owned$2.27 million
Profit Margin - Quarterly
Return on Assets1.2%
Return on Equity12.96%
Interest Income$15.99 million

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

MIDFLORIDA Credit Union Savings Account Rates

3.00%-$3kHoliday Club
1.00%-$5kYouth Savings
0.05%--Business Savings
0.05%--IRA Savings
0.05%--Relationship Savings
0.05%--Roth IRA Savings

MIDFLORIDA Credit Union Money Market Rates

0.05%$1k-Business Money Market
0.05%--Money Market

MIDFLORIDA Credit Union Checking Account Rates

1.00%-$10kInvestor Checking
0.05%--Business Checking with Dividends
0.05%$1,500-Relationship Checking

MIDFLORIDA Credit Union CD Rates

1.00%$1k-49 - 60 Month Regular Certificate
0.75%$1k-37 - 48 Month Regular Certificate
0.50%$1k-25 - 36 Month Regular Certificate
0.30%$1k-19 - 24 Month Regular Certificate
0.20%$1k-13 - 18 Month Regular Certificate
0.15%$1k-12 Month Regular Certificate
0.10%$1k-6 Month Regular Certificate
0.05%$1k-3 Month Regular Certificate

MIDFLORIDA Credit Union IRA Rates

1.00%$1k-49 - 60 Month IRA Certificate
0.75%$1k-37 - 48 Month IRA Certificate
0.50%$1k-25 - 36 Month IRA Certificate
0.30%$1k-19 - 24 Month IRA Certificate
0.20%$1k-13 - 18 Month IRA Certificate
0.15%$100-12 Month IRA Certificate
0.10%$1k-6 Month IRA Certificate
0.05%$1k-3 Month IRA Certificate

MIDFLORIDA Credit Union has 38 locations. Click to view all MIDFLORIDA Credit Union locations.