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1902 NW 14th Ave
Miami, FL 33125

South Florida Federal Credit Union is headquartered in Miami and is the 102nd largest credit union in the state of Florida. It is also the 2,771st largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 13 employees and 3,964 members. South Florida Federal Credit Union's savings rates are 92% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is primarily based on Select Employee Groups. Several churches and schools are also included. Please refer to the credit union's Who Can Join page for more details. - See Details

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Competitive 1-Year CD Rate at South Florida Federal Credit Union - 12/30/2013

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Reviews (1)

Little Service At This Credit Union

The management of this credit union lacks a sense of urgency. Their rates are decent, but sometimes you are in need of service more than a low rate.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. South Florida Federal Credit Union has a low asset base.

Texas Ratio


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 South Florida Federal Credit Union had $331,000 in non-current loans and owned real-estate with $3.88 million in equity and loan loss allowances on hand to cover it. This gives South Florida Federal Credit Union a Texas Ratio of 8.53% 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 Federal Credit Union decreased slightly from 11.32% as of March 31, 2013 to 8.53% as of March 31, 2014, resulting in a positive change of 24.65%.This indicates that the balance sheet and financial strength for South Florida Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, South Florida Federal Credit Union has decreased its total deposits by -$1.78 million, resulting in -5.34% 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 Federal Credit Union has shown is below 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. South Florida Federal Credit Union has $34.96 million in assets with $3.88 million in equity, resulting in a capitalization level of 11.11%, which is excellent.

Institution Statistics

NCUA #23041
Year Chartered1978
Primary Regulator
Assets and Liabilities
Assets$34.96 million
Loans$22.89 million
Deposits$31.44 million
Equity Capital$3.31 million
Loan Loss Allowance$571,000
Unbacked Noncurrent Loans$331,000
Real Estate Owned$0
Historic Data - March 2013
Assets$37.04 million
Equity Capital$3.59 million
Loan Loss Allowance$379,000
Unbacked Noncurrent Loans$331,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.77%
Return on Assets0.31%
Return on Equity3.26%
Interest Income$467,000
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South Florida Federal Credit Union Savings Account Rates

1.00%--IRA - Education
1.00%--IRA - Roth
1.00%--IRA - Regular
0.25%--Share Savings
0.25%--Business Share Savings
0.15%--Clubs (Holiday & Vacation)

South Florida Federal Credit Union Money Market Rates

0.40%--Money Market
0.40%--Business Money Market

South Florida Federal Credit Union CD Rates

1.51%$200-60 Month CD
1.21%$200-48 Month CD
1.11%$200-36 Month CD
1.06%$200-12 Month CD
1.00%$200-30 Month CD
0.90%$200-24 Month CD
0.80%$200-18 Month CD
0.65%$200-9 Month CD
0.55%$200-6 Month CD
0.40%$200-3 Month CD

South Florida Federal Credit Union IRA Rates

1.51%$200-60 Month IRA
1.21%$200-48 Month IRA
1.11%$200-36 Month IRA
1.05%$200-12 Month IRA
1.00%$200-30 Month IRA
0.90%$200-24 Month IRA
0.80%$200-18 Month IRA
0.55%$200-6 Month IRA

South Florida Federal Credit Union Locations
Branch Office1400 NW 12th AveMiami, FL 33136
Branch Office1902 NW 14th AveMiami, FL 33125