Average User Rating:
5 star rating based on 1 review.

South Florida Educational Credit Union

South Florida Educational Credit Union Locations

7800 SW 117th Ave
Miami, FL 33183
www.sfefcu.org

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South Florida Educational Credit Union is headquartered in Miami and is the 16^st largest credit union in the state of Florida. It is also the 253^rd largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 204 employees and 63,444 members. South Florida Educational Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

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See Rates for: Checking | Savings | CD | IRA

South Florida Educational Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%	$500	-	Checking Account
0.00%	-	-	Business Checking Rates

South Florida Educational Credit Union Savings Account Rates

Apy	Min	Max	Product
0.75%	-	-	IRA
0.35%	-	-	Business Savings Rates
0.35%	-	-	Prime Savings
0.35%	-	-	Special Share Savings

South Florida Educational Credit Union CD Rates

Apy	Min	Max	Product
1.70%	$100k	-	60 Month Jumbo CD
1.65%	$1k	-	60 Month CD
1.35%	$100k	-	48 Month Jumbo CD
1.30%	$1k	-	48 Month CD
1.05%	$100k	-	36 Month Jumbo CD
1.00%	$1k	-	36 Month CD
0.75%	$100k	-	24 Month Jumbo CD
0.70%	$1k	-	24 Month CD
0.60%	$100k	-	18 Month Jumbo CD
0.55%	$1k	-	18 Month CD
0.55%	$100k	-	12 Month Jumbo CD
0.50%	$1k	-	12 Month CD
0.50%	$100k	-	9 Month Jumbo CD
0.45%	$1k	-	9 Month CD
0.45%	$100k	-	6 Month Jumbo CD
0.40%	$1k	-	6 Month CD
0.40%	$100k	-	3 Month Jumbo CD
0.35%	$1k	-	3 Month CD

South Florida Educational Credit Union IRA Rates

Apy	Min	Max	Product
1.70%	$100k	-	60 Month Jumbo IRA
1.65%	$1k	-	60 Month IRA
1.35%	$100k	-	48 Month Jumbo IRA
1.30%	$1k	-	48 Month IRA
1.05%	$100k	-	36 Month Jumbo IRA
1.00%	$1k	-	36 Month IRA
0.75%	$100k	-	24 Month Jumbo IRA
0.70%	$1k	-	24 Month IRA
0.60%	$100k	-	18 Month Jumbo IRA
0.55%	$1k	-	18 Month IRA
0.55%	$100k	-	12 Month Jumbo IRA
0.50%	$1k	-	12 Month IRA
0.50%	$100k	-	9 Month Jumbo IRA
0.45%	$1k	-	9 Month IRA
0.45%	$100k	-	6 Month Jumbo IRA
0.40%	$1k	-	6 Month IRA
0.40%	$100k	-	3 Month Jumbo IRA
0.35%	$1k	-	3 Month IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

SOUTH FLORIDA EDUCATIONAL
NCUA #	176
BankRate Report	View
Year Chartered	1935
Employees	204
Primary Regulator
Assets and Liabilities
Assets	$772.33 million
Loans	$192.25 million
Deposits	$576.11 million
Equity Capital	$184.24 million
Loan Loss Allowance	$1.63 million
Unbacked Noncurrent Loans	$1.83 million
Historic Data - December 2010
Assets	$724.12 million
Equity Capital	$176.18 million
Loan Loss Allowance	$1.77 million
Unbacked Noncurrent Loans	$1.30 million
Profit Margin - Quarterly
Net Interest Margin	7.88%
Return on Assets	0.73%
Return on Equity	3.04%
Interest Income	$26.38 million
Non-Interest Income	$9.45 million

Institution Health

Overall Score:

5 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 December 31, 2011 South Florida Educational Credit Union had $1.82 million in non-current loans and owned real-estate with $185.87 million in equity and loan loss allowances on hand to cover it. This gives South Florida Educational Credit Union a Texas Ratio of 0.98% 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 South Florida Educational Credit Union held steady from 0.73% as of December 31, 2010 to 0.98% as of December 31, 2011, resulting in a negative change of 34.10%. This indicates that the balance sheet and financial strength for South Florida Educational Credit Union has held steady in recent periods.
Deposit Growth
In the past year, South Florida Educational Credit Union has increased its total deposits by $38.31 million, resulting in 7.12% 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 South Florida Educational 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. South Florida Educational Credit Union has $772.33 million in assets with $185.87 million in equity, resulting in a capitalization level of 24.07%, which is excellent.

South Florida Educational Credit Union
5 stars

- shabtai28 - Thursday, June 2, 2011 - 6:43 PM

South florida educational credit union has a very small history with me but within the month i have been there it has become my favorite credit union/ bank i have been a part of. The union is for any students or teachers from the florida's teachers union you get many benefits from being a member.One of my favorite things about this bank is they give me huge discounts on movie tickets when i buy there and sometimes free tickets for my friends !Although my fav benefit from the union is there rates on loans and credit cards guarrented the lowest apr you can find.The banks staff has always been very helpful and friendly and seem to really care about there customers ive never left without a smile on my face i would recommened anyone who is able to join to this union to join :)