South Florida Federal Credit Union

South Florida Federal Credit Union Locations

1902 N.W. 14th Avenue
Miami, FL 33125
305-545-0744
www.southfloridafcu.com

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South Florida Federal Credit Union is headquartered in MIAMI and is the 105^th largest credit union in the state of Florida. It is also the 2,837^th largest credit union in the nation. It was established in 1978 and as of September of 2011, it had grown to 13 employees and 4,100 members. South Florida Federal Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

South Florida Federal Credit Union Routing Number: 266080686

Higher CD Rates at South Florida Federal Credit Union - Local Only - 6/28/2011

South Florida FCU did something we don't much of these days. It raised rates on its three special CDs and IRA CDs. These new special CDs are a 1-year CD with a 1.76% APY, an 18-month CD with a 1.87% A ...

Special 1-Year CD Rate at South Florida FCU - Local Only - 1/11/2011

South Florida FCU is offering a CD and IRA CD special with a 1.50% rate for terms of 1 year, 18 months and 2 years. Minimum deposit is $500. This special is listed in the credit union's front page in ...

Competitive 18-Month CD and Money Market Rates at South Florida FCU - Local Only - 4/25/2010

South Florida FCU is offering a 2.02% APY 18-month share and IRA share certificate. Minimum deposit is $500. The credit union continues to offer a very competitive money market rate. It's now 1.77% A ...

2.52% Money Market Account Continues at South Florida FCU - Local Only (Forum) - 1/21/2010

I'm surprised the credit union is still offering this 2.52% APY. The money marke rate has been 2.52% for quite a while. Unfortunately, membership is primarily based on Select Employee Groups. However, you may also be able to qualify via your church. Refer

2009

2008

7/15 - 4.18% 6-Month / 4.18% 24-Month CD at a Florida CU (South Florida).

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See Rates for: Checking | Savings | Money Market | CD | IRA

South Florida Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Share Draft Checking

South Florida Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
1.00%	-	-	IRA - Education
1.00%	-	-	IRA - Roth
1.00%	-	-	IRA - Regular
0.35%	-	-	Share Savings
0.15%	-	-	Clubs (Holiday & Vacation)

South Florida Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.55%	-	-	Money Market

South Florida Federal Credit Union CD Rates

Apy	Min	Max	Product
1.51%	$500	-	60 Month CD
1.21%	$500	-	48 Month CD
1.11%	$500	-	36 Month CD
1.00%	$500	-	30 Month CD
0.90%	$500	-	24 Month CD
0.80%	$500	-	18 Month CD
0.75%	$500	-	12 Month CD
0.65%	$500	-	9 Month CD
0.55%	$500	-	6 Month CD
0.40%	$500	-	3 Month CD
0.00%	$500	-	13 Month CD

South Florida Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.51%	$500	-	60 Month IRA
1.51%	$500	-	60 Month Roth IRA
1.51%	$500	-	60 Month CESA
1.21%	$500	-	48 Month IRA
1.21%	$500	-	48 Month Roth IRA
1.21%	$500	-	48 Month CESA
1.11%	$500	-	36 Month IRA
1.11%	$500	-	36 Month Roth IRA
1.11%	$500	-	36 Month CESA
1.00%	$500	-	30 Month IRA
1.00%	$500	-	30 Month Roth IRA
1.00%	$500	-	30 Month CESA
0.90%	$500	-	24 Month IRA
0.90%	$500	-	24 Month Roth IRA
0.90%	$500	-	24 Month CESA
0.80%	$500	-	18 Month IRA
0.80%	$500	-	18 Month Roth IRA
0.80%	$500	-	18 Month CESA
0.75%	$500	-	12 Month IRA
0.75%	$500	-	12 Month Roth IRA
0.75%	$500	-	12 Month CESA
0.55%	$500	-	6 Month IRA
0.55%	$500	-	6 Month Roth IRA
0.55%	$500	-	6 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

SOUTH FLORIDA
NCUA #	23041
BankRate Report	View
Year Established	1978
Employees	13
Primary Regulator
Assets and Liabilities
Assets	$32.11 million
Loans	$21.67 million
Deposits	$28.93 million
Equity Capital	$2.96 million
Loan Loss Allowance	$307,000
Unbacked Noncurrent Loans	$273,000
Historic Data - September 2010
Assets	$29.93 million
Equity Capital	$2.60 million
Loan Loss Allowance	$236,000
Unbacked Noncurrent Loans	$531,000
Real Estate Owned	$209,000
Profit Margin - Quarterly
Net Interest Margin	5.09%
Return on Assets	1.12%
Return on Equity	12.15%
Interest Income	$1.38 million
Non-Interest Income	$663,000

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 September 30, 2011 South Florida Federal Credit Union had $273,000 in non-current loans and owned real-estate with $3.27 million in equity and loan loss allowances on hand to cover it. This gives South Florida Federal Credit Union a Texas Ratio of 8.35% which is above average. 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 significantly from 26.07% as of September 30, 2010 to 8.35% as of September 30, 2011, resulting in a positive change of 67.98%.This indicates that the balance sheet and financial strength for South Florida Federal Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, South Florida Federal Credit Union has increased its total deposits by $1.95 million, resulting in 7.23% 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 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 Federal Credit Union has $32.11 million in assets with $3.27 million in equity, resulting in a capitalization level of 10.18%, which is above average.