Addition Financial

Overview / Commentary
1000 Primera Blvd
Lake Mary, FL 32746

Addition Financial is headquartered in Lake Mary and is the 9th largest credit union in the state of Florida. It is also the 155th largest credit union in the nation. It was established in 1937 and as of March of 2024, it had grown to 501 employees and 179,464 members at 26 locations. Addition Financial's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Addition Financial is open to those who live, work, worship, volunteer, attend school or vocational training, or is an alumni of any college, university, or educational institution located in the Florida counties of Alachua, Brevard, Duval, Flagler, Hernando, Highlands, Hillsborough, Indian River, Lake, Manatee, Marion, Martin, Okeechobee, Pasco, Pinellas, Polk, Orange, Osceola, St. Johns, St. Lucie, Sarasota, Seminole, Sumter, or Volusia.
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I've been with them for years! Love them!

Posted by: |

I really do enjoy using their services. The deposits are quick and available during the same day, usually. The Bill Pay portion is really great. I lost my debit card once and a quick visit to the branch gave me a new card within 10 minute. The customer service has always been really great and no issue has gone unresolved. I had an issue with fraud and they were not only able to stop further actions on my account, but they also created a new account for me. This saved me a lot of frustrations and anxiety. The only issue I would say is that their Non Sufficient Fees are a bit steep and they will constantly hit you with them if they occur on the same day. Sometimes they do not credit them and other times they do.

Central Florida Educator's Credit Union

The staff always greets me upon entering the branch and is very welcoming. Wait times to meet the banking representatives are brief. Very clear terms and no problems with the approval process. The bankers are clear and honest and do not misrepresent their products. With my savings account, a checking account, and a money market account, managing them online is easy. Transfering funds is very simple and typically no delay. 24/7 customer service for any problems. Once I developed a relationship with the bank other services such as IRAs and CDs are very easy to use and access. Drive-thru tellers are quick, and the branches are efficient with any account requests. As with most banks interest rates are very low, but my funds are secure and accessible whenever I need. Most branches are open on Saturday, which is very convenient.

Not So Great

CFE Federal Credit Union is, in my opinion, a below average CU. It doesn't seem to be interested in making the lives of its customers easier or taking a step into the future. I have added and now deleted the app on my phone because it was slow, and unhelpful when I was trying to complete money transfers and deposits. Their whole website could also use a huge upgrade and become more user friendly. It takes me 15 minutes or more each time I login just to find what I need. We swapped to this CU from Regions due to their "lower" checking account fees. They also have a good children's savings program that Regions did not have. The children's savings is the only part that I would say that I like about this CU and even then it's not as great as I thought it would be. Everything about this CU is sub-par in my experiences and opinion.

Misleading Promotions

Posted by: |

They advertised a CD promotion but don't disclose the entire details to the public. After opened few CDs now this bank won't honor them as the employee didn't do his job properly to disclose was only 1 permitted per account. Any company make a mistake they take ownership and resolve it without hurting the customer. If you over draft your account your mistake the bank charges you the Overdraft fee and you have to pay for your mistake. OH NOT THEM. They will not take ownership of their mistake and I ended up paying for their mistake. Moving all my savings to a better bank. Watch it they are only for your money! they don't care for you. Last past 2 years they have declined on customer service so bad, the people working there no longer has knowledge of procedures any more.



Health Grade Components

NCUA #68702
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD7.95%
Annual Interest Income$34.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.98B$2.82B
LoansQ1 2024vs Q1 2023$1.98B$2.05B
DepositsQ1 2024vs Q1 2023$2.43B$2.38B
Equity CapitalQ1 2024vs Q1 2023$206.6MM$230.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$51.7MM$14.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$12.9MM$14.4MM
Real Estate OwnedQ1 2024vs Q1 2023$0$162K
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Always verify rates and promotions with the bank or credit union. We are not Addition Financial; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Addition Financial Savings Account Rates

4.00%*$50*$5kSavings Plus
OTHER TIERS: 0.05% $5k+
0.15%$0-IRA Savings Account
0.05%*$1k*-Share (Savings)
OTHER TIERS: 0.01% $50 - $1k
0.05%*$1k*-Holiday Share
OTHER TIERS: 0.01% $50 - $1k
0.05%*$1k*-Health Savings Accounts
OTHER TIERS: 0.01% $50 - $1k
0.05%*$1k*-Summer Share
OTHER TIERS: 0.01% $50 - $1k
0.05%*$1k*-Fun Share
OTHER TIERS: 0.01% $50 - $1k
0.05%*$1k*-Business Share Savings
OTHER TIERS: 0.01% $50 - $1k
0.05%*$1k*-Business Member Share
OTHER TIERS: 0.01% $50 - $1k

Addition Financial Money Market Rates

3.41%*$1m*-Growth Plus Money Market
OTHER TIERS: 0.05% $1k - $10k | 2.02% $10k - $100k | 2.38% $100k - $250k | 2.89% $250k - $1m
2.79%*$1m*-Business Premium Money Market
OTHER TIERS: 0.05% $1k - $25k | 1.01% $25k - $100k | 1.51% $100k - $250k | 2.02% $250k - $1m
1.51%*$1m*-Insured Money Market
OTHER TIERS: 0.05% $1k - $10k | 0.75% $10k - $100k | 1.01% $100k - $250k | 1.31% $250k - $1m

Addition Financial Checking Account Rates

1.51%*$1m*-Benefits Checking
OTHER TIERS: 0.05% $1k - $10k | 0.75% $10k - $100k | 1.01% $100k - $250k | 1.31% $250k - $1m
0.05%$50k-Business Non-Profit Checking
0.05%$25k-Business Enterprise Checking

Addition Financial CD Rates

4.91%$1k-6-11 Month Certificate
2.78%$1k-12-23 Month Certificate
2.73%$1k-24-35 Month Certificate
2.53%$1k-36-47 Month Certificate
2.53%$1k-48-59 Month Certificate
2.53%$1k-60 Month Certificate
2.53%$1k-39 Month Bump-Up Certificate
0.50%$5-6 Month Savings Builder Certificate

Addition Financial IRA Rates

4.91%$1k-6-11 Month IRA Certificate
2.78%$1k-12-23 Month IRA Certificate
2.73%$1k-24-35 Month IRA Certificate
2.53%$1k-36-47 Month IRA Certificate
2.53%$1k-48-59 Month IRA Certificate
2.53%$1k-60 Month IRA Certificate
2.53%$1k-39 Month Bump-Up IRA Certificate
0.50%$5-6 Month Savings Builder IRA Certificate


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