PriorityONE Credit Union of Florida is headquartered in SUNRISE and is the 68th largest credit union in the state of Florida. It is also the 1,791st largest credit union in the nation. It was established in 1991 and as of December of 2013, it had grown to 26 employees and 9,914 members. PriorityONE Credit Union of Florida has a B+ health rating.
Credit union membership is open to anyone who lives or works in Broward County, Florida. Also eligible are Postal, Federal or Professional Employees, Trade Groups, and Associations who reside within Florida. Immediate family members of anyone eligible are welcome to join, too, even if the eligible person is not a member. - See Details
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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 PriorityONE Credit Union of Florida had $374,000 in non-current loans and owned real-estate with $7.72 million in equity and loan loss allowances on hand to cover it. This gives PriorityONE Credit Union of Florida a Texas Ratio of 4.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for PriorityONE Credit Union of Florida experienced no significant changes from 4.02% as of December 31, 2012 to 4.84% as of December 31, 2013, resulting in a negative change of 20.53%. This indicates that the balance sheet and financial strength for PriorityONE Credit Union of Florida has had no significant changes in recent periods.
In the past year, PriorityONE Credit Union of Florida has increased its total deposits by $1.59 million, resulting in 2.44% 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 PriorityONE Credit Union of Florida has shown is above 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. PriorityONE Credit Union of Florida has $74.86 million in assets with $7.72 million in equity, resulting in a capitalization level of 10.32%, which is above average.
|Assets and Liabilities|
|Equity Capital||$7.22 million|
|Loan Loss Allowance||$503,000|
|Unbacked Noncurrent Loans||$281,000|
|Real Estate Owned||$93,000|
|Historic Data - December 2012|
|Equity Capital||$7.39 million|
|Loan Loss Allowance||$452,000|
|Unbacked Noncurrent Loans||$281,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||6.89%|
|Return on Assets||0.24%|
|Return on Equity||2.53%|
|Interest Income||$2.88 million|
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|0.25%||-||-||IRA Share Account|
|0.25%||-||-||Roth IRA Share Account|
|0.25%||-||-||Education IRA Share Account|
|0.10%||-||-||Regular Share Savings Account|
|0.10%||$2,500||-||Prestige Savings Account|
|0.10%||-||-||Club Share Account|
|0.45%||$100k||-||Elite Money Market Account|
|0.25%||$50k||-||First Class Money Market Account|
|1.00%||-||$25k||Go Green Checking|
|1.50%||$1k||-||60 Month Term Certificate|
|0.90%||$1k||-||48 Month Term Certificate|
|0.80%||$1k||-||36 Month Term Certificate|
|0.60%||$1k||-||24 Month Term Certificate|
|0.40%||$1k||-||12 Month Term Certificate|
|0.20%||$1k||-||6 Month Term Certificate|
|0.10%||$1k||-||3 Month Term Certificate|
|1.50%||$500||-||60 Month IRA Certificate (Traditional,Roth,CESA)|
|0.90%||$500||-||48 Month IRA Certificate (Traditional,Roth,CESA)|
|0.80%||$500||-||36 Month IRA Certificate (Traditional,Roth,CESA)|
|0.60%||$500||-||24 Month IRA Certificate (Traditional,Roth,CESA)|
|0.40%||$500||-||12 Month IRA Certificate (Traditional,Roth,CESA)|
|PriorityONE Credit Union of Florida Locations|
|Branch Office||1900 W Oakland Park Blvd||Fort Lauderdale, FL 33310|
|Branch Office||3000 N University Dr||Sunrise, FL 33322-1611|
|Branch Office||1700 N University Dr Ste 100||Coral Springs, FL 33071-8970|