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2020 NW 150th Avenue
Pembroke Pines, FL 33028

Power Financial Credit Union is headquartered in Pembroke Pines and is the 23rd largest credit union in the state of Florida. It is also the 430th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 116 employees and 33,425 members. Power Financial Credit Union's savings rates are 96% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Eligible to anyone who lives or works in Broward, Miami-Dade or Palm Beach Counties and approved Special Employee Groups (SEGs). Membership is also open to family of current members. - See Details

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Reviews (2)

Poor Service.....Out Of Touch With The Real World

I have used then several times as a service proveder for my Massachusetts Credit Union.  We used the branch on route 1 in North palm Beach.  Each time the service got worse.  It takes more than 15 minutes to cash a check.  Each teller has different rules they operate by.  Branch management doesn't care about different standards....and defends their inconsistant practices.  I can only speak for this branch.  They are out of touch with the 21st century with their archaic check cashing procedures and documentation requirements and verification do-loops.  Lines are long for obvious reasons. Some tellers are lackadaisical and sometimes arrogant.  Branch management can be outright rude.  We will not use them again.  Customers deserve better than this branch offers.

Watch Out For Tricks And Traps!

Yes they often mail out bonuses to open accts to locals, but WATCH OUT!  This CU alone with Pan AM Horizions now Power Financial Credit Union,  are full of tricks and traps.   Their car loans, acct fees and other tricks and traps are all aimed to take advantage of ill informed account holders.  Be careful!  Avoid loans or even openning an accoutn with Power Finanical FCU.  


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 Power Financial Credit Union had $2.81 million in non-current loans and owned real-estate with $56.63 million in equity and loan loss allowances on hand to cover it. This gives Power Financial Credit Union a Texas Ratio of 4.97% 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 Power Financial Credit Union decreased slightly from 6.90% as of December 31, 2012 to 4.97% as of December 31, 2013, resulting in a positive change of 28.01%.This indicates that the balance sheet and financial strength for Power Financial Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Power Financial Credit Union has decreased its total deposits by -$5.2 million, resulting in -1.3% 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 Power Financial Credit Union has shown is average.



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. Power Financial Credit Union has $505.16 million in assets with $56.63 million in equity, resulting in a capitalization level of 11.21%, which is excellent.

Institution Statistics

NCUA #68445
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$505.16 million
Loans$289.75 million
Deposits$396.53 million
Equity Capital$54.68 million
Loan Loss Allowance$1.95 million
Unbacked Noncurrent Loans$2.50 million
Real Estate Owned$314,000
Historic Data - December 2012
Assets$500.79 million
Equity Capital$51.54 million
Loan Loss Allowance$3.01 million
Unbacked Noncurrent Loans$2.50 million
Real Estate Owned$529,000
Profit Margin - Quarterly
Net Interest Margin4.36%
Return on Assets0.27%
Return on Equity2.47%
Interest Income$14.04 million

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

Power Financial Credit Union Savings Account Rates

1.02%$100-Health Savings Account
0.35%$50k-CESA Savings
0.35%$50k-Roth IRA Savings
0.35%$50k-SEP IRA Savings
0.35%$50k-IRA Savings
0.25%$100k-Savings Accounts
0.25%$100k-Club Accounts

Power Financial Credit Union Money Market Rates

0.40%$2,500-Optimizer Investor Money Market
0.30%$100k-Platinum Relationship Money Market
0.25%$100k-Gold Relationship Money Market
0.20%$50k-MarketSure Money Market

Power Financial Credit Union Checking Account Rates

0.75%-$15kCash Back Checking
0.25%$10k-Premier Checking
0.00%$20-Free Checking
0.00%$20-Cha-Ching Teen Checking
0.00%$20-Business Checking
0.00%--Cash Back Checking

Power Financial Credit Union CD Rates

0.90%$500-60 Month CD
0.75%$500-48 Month CD
0.60%$500-36 Month CD
0.55%$500-24 Month CD
0.40%$500-15 Month CD
0.40%$500-18 Month CD
0.35%$500-12 Month CD
0.35%$500-12 Month Variable CD
0.30%$500-9 Month CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Power Financial Credit Union IRA Rates

0.90%$500-60 Month IRA (Traditional,Roth,CESA)
0.75%$500-48 Month IRA (Traditional,Roth,CESA)
0.60%$500-36 Month IRA (Traditional,Roth,CESA)
0.55%$500-24 Month IRA (Traditional,Roth,CESA)
0.40%$500-15 Month IRA (Traditional,Roth,CESA)
0.40%$500-18 Month IRA (Traditional,Roth,CESA)
0.35%$500-12 Month IRA (Traditional,Roth,CESA)
0.35%$500-12 Month Variable IRA (Traditional,Roth,CESA)

Power Financial Credit Union Locations
Branch Office8228 Mills DrKendall, FL 33183-4805
Branch Office2020 NW 150th AvePembroke Pines, FL 33028-2805
Branch Office12575 US Highway 1Juno Beach, FL 33408
Branch Office12171 Moody DrHomestead, FL 33032-8000
Branch Office33004 S Dixie HwyFlorida City, FL 33034-5612
Branch Office1100 NW 95th StMiami, FL 33150-2038