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Overview / Commentary
954-704-4100
9560 Pines Blvd
Pembroke Pines, FL 33024

Peoples CU (FL) is headquartered in Pembroke Pines and is the 66th largest credit union in the state of Florida. It is also the 1,689th largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 40 employees and 12,982 members. Peoples CU (FL) has a B+ health rating.

Field of Membership Restrictions

Must live or work in Miami-Dade, Broward, Palm Beach, Martin, Okeechobee, Osceola, Orange, Seminole, Brevard, Polk, Indian River, St Lucie, Glades, Hendry, Hardee, Monroe, Hillsborough, Pinellas, Pasco, Highlands, and DeSoto County. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Peoples CU (FL) has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Peoples CU (FL) had $48,000 in non-current loans and owned real-estate with $7.93 million in equity and loan loss allowances on hand to cover it. This gives Peoples CU (FL) a Texas Ratio of 0.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Peoples CU (FL) decreased dramatically from 1.89% as of March 31, 2013 to 0.61% as of March 31, 2014, resulting in a positive change of 68.02%.This indicates that the balance sheet and financial strength for Peoples CU (FL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Peoples CU (FL) has increased its total deposits by $1.6 million, resulting in 2.14% 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 Peoples CU (FL) has shown is above average.

Capitalization

GRADE:
C+

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. Peoples CU (FL) has $85.14 million in assets with $7.93 million in equity, resulting in a capitalization level of 9.31%, which is average.

Institution Statistics

Overall
NCUA #67677
Year Chartered1946
Employees40
Primary Regulator
Assets and Liabilities
Assets$85.14 million
Loans$19.49 million
Deposits$76.22 million
Equity Capital$7.72 million
Loan Loss Allowance$210,000
Unbacked Noncurrent Loans$48,000
Real Estate Owned$0
Historic Data - March 2013
Assets$83.21 million
Equity Capital$7.17 million
Loan Loss Allowance$330,000
Unbacked Noncurrent Loans$48,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets2.12%
Return on Equity23.42%
Interest Income$420,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Peoples CU (FL), we are a rate comparison website and can not provide official rates or promotions.

Peoples CU (FL) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Accounts
0.05%$250-Regular Savings
0.05%--Christmas Club Accounts
0.05%--Vacation Club Accounts
0.05%--Other Club Accounts

Peoples CU (FL) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

Peoples CU (FL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Interest Checking

Peoples CU (FL) CD Rates

DetailsAPYMINMAXPRODUCT
1.00%--60 Month CD
0.80%--48 Month CD
0.50%--12 Month CD
0.50%--36 Month CD
0.45%--6 Month CD
0.45%--7 Month CD
0.45%--18 Month CD
0.45%--24 Month CD
0.45%--25 Month Step- CD
0.45%--30 Month CD
0.30%--3 Month CD
0.30%--15 Month CD
Locations


Peoples CU (FL) Locations
Branch Office9560 Pines BlvdPembroke Pines, FL 33024
Branch Office8200 W 33rd Ave Bay 11Hialeah, FL 33018
Branch Office4300 Alton RdMiami Beach, FL 33140-2948
Branch Office680 NE 124th StNorth Miami, FL 33161
Branch Office11645 Biscayne Blvd Suite 101North Miami, FL 33181
Branch Office6301 Biscayne BlvdMiami, FL 33138