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1902 NW 14th Ave
Miami, FL 33125

South Florida Federal Credit Union is headquartered in MIAMI and is the 100th largest credit union in the state of Florida. It is also the 2,738th largest credit union in the nation. It was established in 1978 and as of December of 2013, it had grown to 14 employees and 3,957 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 Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 South Florida Federal Credit Union had $320,000 in non-current loans and owned real-estate with $3.84 million in equity and loan loss allowances on hand to cover it. This gives South Florida Federal Credit Union a Texas Ratio of 8.33% 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 experienced no significant changes from 5.87% as of December 31, 2012 to 8.33% as of December 31, 2013, resulting in a negative change of 41.78%. This indicates that the balance sheet and financial strength for South Florida Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, South Florida Federal Credit Union has decreased its total deposits by $-940,000, resulting in -2.91% 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 $34.8 million in assets with $3.84 million in equity, resulting in a capitalization level of 11.04%, which is excellent.

Institution Statistics

NCUA #23041
Year Chartered1978
Primary Regulator
Assets and Liabilities
Assets$34.80 million
Loans$24.25 million
Deposits$31.34 million
Equity Capital$3.27 million
Loan Loss Allowance$573,000
Unbacked Noncurrent Loans$320,000
Real Estate Owned$0
Historic Data - December 2012
Assets$35.95 million
Equity Capital$3.49 million
Loan Loss Allowance$393,000
Unbacked Noncurrent Loans$320,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.98%
Return on Assets-0.39%
Return on Equity-4.19%
Interest Income$1.98 million

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

South Florida Federal Credit Union Savings Account Rates

1.00%--IRA - Education
1.00%--IRA - Roth
1.00%--IRA - Regular
0.35%--Share Savings
0.35%--Business Share Savings
0.15%--Clubs (Holiday & Vacation)

South Florida Federal Credit Union Money Market Rates

0.55%--Money Market
0.55%--Business Money Market

South Florida Federal Credit Union Checking Account Rates

0.00%--Share Draft Checking
0.00%--Business Share Draft Checking

South Florida Federal Credit Union CD Rates

1.51%$200-60 Month CD
1.26%$200-12 Month CD
1.21%$200-48 Month CD
1.11%$200-36 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 (Traditional,Roth,CESA)
1.21%$200-48 Month IRA (Traditional,Roth,CESA)
1.11%$200-36 Month IRA (Traditional,Roth,CESA)
1.05%$200-12 Month IRA (Traditional,Roth,CESA)
1.00%$200-30 Month IRA (Traditional,Roth,CESA)
0.90%$200-24 Month IRA (Traditional,Roth,CESA)
0.80%$200-18 Month IRA (Traditional,Roth,CESA)
0.55%$200-6 Month IRA (Traditional,Roth,CESA)

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