Featured Savings Rates
Featured Accounts

Central Florida Educators Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.77%5-year CD60 Month Certificate
0.70%1-year CD12-23 Month Certificate
0.15%SavingsFun Share

Overview / Commentary
407-896-9411
1000 Primera Blvd
Lake Mary, FL 32746

Central Florida Educators Federal Credit Union is headquartered in Lake Mary and is the 9th largest credit union in the state of Florida. It is also the 139th largest credit union in the nation. It was established in 1937 and as of September of 2017, it had grown to 508 employees and 153,438 members at 23 locations. Central Florida Educators Federal Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in CFE Federal Credit Union is open to those who live, work, worship, volunteer, or attend school in Orange, Osceola, Seminole, or Lake Counties in Florida.
See current membership details

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Reviews (6)

I've been with them for years! Love them!

Posted by: Kismet83 | Jan 4, 2017

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.

Happy customer for 10+ years!

Posted by: RaebeaR | Nov 30, 2016

My very first account with CFE FCU was opened for me when I was little by my mother. Both of my parents also have CFE accounts so when it was time for my brother and I to open Savings Accounts, that's where they went. Of course I had very little interactions with my bank at first but once I started working, I was actually MY account. Since then, I've opened a Joint Checking Account and also a Shared Savings account. Of all banks I've had experience with (personal and professional) CFE FCU, is by far, my most satisfying. Not only at a branch but I've also called customer service multiple times and I've also become very familiar with their online and mobile banking. All highly recommended!!

CFE Credit Union

I have used CFE as my primary bank for many years, as well as the majority of my family members. They have always been a pleasure to deal with in person and over the phone, and have been knowledgeable in each matter I've dealt with them upon. Their online and mobile banking apps are well-designed and easy to navigate, and provide plenty of secured information about your accounts. When I first opened my accounts with them, they gave me plenty of information about the different account types they have and the low interest rates on their savings accounts. They were able to painlessly set up linked family checking accounts for myself and a few family members. Great experiences overall.

Great bank but a few changes would be nice

I like the fact that my bank does not charge me extra fees that do not mean anything. My friends sometimes get random charges on their accounts for various fees but I have never gotten anything like that.

One thing that they could get better at is their web/mobile experience. I have been banking with them for a few years but have just started using their app a few months ago. I tried to log into their web service and it didn't let me. I only recently got it to work. I talked to a customer service rep about it and they said that web access was a problem for a lot of people, not just me.

Overall, the customer service is great. They're friendly and have helped me out several times.

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.

How I feel about My CFE

First of all is really hard to choose a credit union with so many around nowadays, so I chose CFE, located in Florida, to be honest is the closest one to me, they don't really have such great saving plans or anything like that and the Website is about average which is the thing I would site here, they really need to improve the reasons why people should choose them instead of other credit unions. Today I had to deposit some money but I forgot my bank account the lady at the counter was really nice and helped me quickly and efficiently, so I would rate the Customer Service as a 4, because she didn't do it all herself and had to go to somebody else.



Health
A+

Health Grade Components

Overall
NCUA #1976
Year Chartered1937
Employees508
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.91%
Annual Interest Income$43.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.80B$1.68B
LoansQ3 2017vs Q3 2016$960.8MM$822.6MM
DepositsQ3 2017vs Q3 2016$1.59B$1.47B
Equity CapitalQ3 2017vs Q3 2016$188.9MM$188.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$13.1MM$14.7MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$4.2MM$4.3MM
Real Estate OwnedQ3 2017vs Q3 2016$363.00K$94.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Central Florida Educators Federal Credit Union; 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Central Florida Educators Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$50-Health Savings Accounts
0.40%--IRA Savings Account
0.15%$50-Share (Savings)
0.15%$50-Holiday Share
0.15%$50-Summer Share
0.15%$50-Fun Share
0.15%$50-Business Share Savings
0.15%$50-Business Member Share

Central Florida Educators Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1m*-Insured Money Market
OTHER TIERS: 0.20% $1k - $50k | 0.25% $50k - $100k | 0.30% $100k - $1mm
0.40%*$100k*-Business Insured Money Market
OTHER TIERS: 0.20% $1k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k | 0.35% $75k - $100k

Central Florida Educators Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$50k-Business Non-Profit Checking
0.25%$25k-Business Enterprise Checking

Central Florida Educators Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%$1k-60 Month Certificate
1.51%$1k-48-59 Month Certificate
1.01%$1k-36-47 Month Certificate
0.80%$1k-30-35 Month Certificate
0.75%$1k-24-29 Month Certificate
0.70%$1k-12-23 Month Certificate
0.45%$1k-6-11 Month Certificate
0.35%--6 Month Savings Builder Share Certificate
0.20%$1k-3-5 Month Certificate

Central Florida Educators Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%$1k-60 Month IRA Certificate
1.51%$1k-48-59 Month IRA Certificate
1.01%$1k-36-47 Month IRA Certificate
0.80%$1k-30-35 Month IRA Certificate
0.75%$1k-24-29 Month IRA Certificate
0.70%$1k-12-23 Month IRA Certificate
0.45%$1k-6-11 Month IRA Certificate
0.35%--6 Month Savings Builder IRA Share Certificate
0.20%$1k-3-5 Month IRA Certificate
Locations

Availability