MIDFLORIDA Credit Union

129 S Kentucky Ave.
Lakeland, FL 33801
863-616-2114
www.midflorida.com

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MIDFLORIDA Credit Union is headquartered in Lakeland and is the 5^th largest credit union in the state of Florida. It is also the 90^th largest credit union in the nation. It was established in 1978 and as of September of 2011, it had grown to 406 employees and 151,452 members. MIDFLORIDA Credit Union has a 4-star health rating.

Top CD Rates & Checking Account Bonus at MIDFLORIDA Credit Union - Local Only - 5/18/2011

MIDFLORIDA Credit Union continues to have some good deals for savers. First, the credit union has competitive long-term certificate and IRA certificate rates. The best ones are a 2.00% APY CD with ter ...

Checking Account Bonus & CD Deals at MIDFLORIDA Credit Union - Local Only - 4/16/2010

MIDFLORIDA Credit Union has some good deals for depositors. First, the credit union has some competitive certificate and IRA certificate rates. The most competitive ones include: 2.00% APY 19-m ...

6.00% 6-Month CD at a Florida CU - and a $77 Checking Bonus (MidFlorida) - 11/15/2007

Midflorida Credit Union is advertising a 6.00% APY 6-month certificate as part of its grand opening celebration of its North Lakeland branch. It has a minimum deposit of $1,000, and a maximum of $20,000 per household. To qualify, you must have a credit...

6% 6-Month CD at a Florida CU - $20K Max (MIDFLORIDA) - 3/26/2007

MIDFLORIDA FCU is advertising a 6.00% APY 6-month certificate. The minimum deposit is $1,000 and the maximum is $20,000 per household. It requires new money and an Investors Savings Account with a $10,000 minimum. The Investors Savings Account is...

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

MIDFLORIDA Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%^†	-	-	Business Checking with Dividends
0.10%^†	$1,500	-	Relationship Checking

MIDFLORIDA Credit Union Savings Account Rates

Apy	Min	Max	Product
1.00%^†	-	$5k	Youth Savings
0.15%^†	-	-	Business Savings
0.15%^†	-	-	Holiday Club
0.15%^†	-	-	IRA Savings
0.15%^†	-	-	Savings
0.15%^†	-	-	Relationship Savings

MIDFLORIDA Credit Union Money Market Rates

Apy	Min	Max	Product
0.15%^†	$1k	-	Business Money Market
0.15%^†	-	-	Money Market

MIDFLORIDA Credit Union CD Rates

Apy	Min	Max	Product
1.75%^†	$1k	-	49 - 60 Month Regular Certificate
1.25%^†	$1k	-	37 - 48 Month Regular Certificate
1.00%^†	$1k	-	25 - 36 Month Regular Certificate
0.75%^†	$1k	-	19 - 24 Month Regular Certificate
0.50%	$100	-	18 Month Regular Certificate

MIDFLORIDA Credit Union IRA Rates

Apy	Min	Max	Product
1.75%^†	$1k	-	49 - 60 Month IRA Certificate
1.25%^†	$1k	-	37 - 48 Month IRA Certificate
1.00%^†	$1k	-	25 - 36 Month IRA Certificate
0.75%^†	$1k	-	19 - 24 Month IRA Certificate
0.50%	$100	-	18 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

MIDFLORIDA
NCUA #	68600
BankRate Report	View
Year Established	1978
Employees	406
Primary Regulator
Assets and Liabilities
Assets	$1.59 billion
Loans	$1.00 billion
Deposits	$1.34 billion
Equity Capital	$145.86 million
Loan Loss Allowance	$19.61 million
Unbacked Noncurrent Loans	$19.72 million
Real Estate Owned	$2.75 million
Historic Data - September 2010
Assets	$1.41 billion
Equity Capital	$134.93 million
Loan Loss Allowance	$16.55 million
Unbacked Noncurrent Loans	$8.47 million
Real Estate Owned	$2.11 million
Profit Margin - Quarterly
Net Interest Margin	3.65%
Return on Assets	0.73%
Return on Equity	8.01%
Interest Income	$51.91 million
Non-Interest Income	$22.34 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 September 30, 2011 MIDFLORIDA Credit Union had $22.47 million in non-current loans and owned real-estate with $165.47 million in equity and loan loss allowances on hand to cover it. This gives MIDFLORIDA Credit Union a Texas Ratio of 13.58% 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 MIDFLORIDA Credit Union increased slightly from 6.98% as of September 30, 2010 to 13.58% as of September 30, 2011, resulting in a negative change of 94.38%. This indicates that the balance sheet and financial strength for MIDFLORIDA Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, MIDFLORIDA Credit Union has increased its total deposits by $186.88 million, resulting in 16.27% 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.
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. MIDFLORIDA Credit Union has $1.59 billion in assets with $165.47 million in equity, resulting in a capitalization level of 10.39%, which is above average.