Community Credit Union (FL) is headquartered in Rockledge and is the 23rd largest credit union in the state of Florida. It is also the 404th largest credit union in the nation. It was established in 1953 and as of December of 2021, it had grown to 131 employees and 51,222 members at 7 locations. Community Credit Union (FL)'s savings rates are 10X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Community Credit Union is open to the following: 1) those who live, work, attend school, conduct business or worship in Brevard, Indian River, Orange, Osceola, Polk, or Volusia counties in Florida; 2) employees of the education system, healthcare industry, public information commerce or public service in Orange County in Florida; 3) those associated with ABATE of Florida; 4) immediate family of current credit union members.
See current membership details
SAFE AND SECURE IN FLORIDA ! ! !
Well the rates are nothing to shout about but i have just brought all our ira savings back to Community to be readily available in retirement to draw from as needed - nice to deal with Faby Flores again who still heads up the ira dept. as she is very dependable and professional - also nice to feel secure that the funds will still be there when needed as A+ is still A+
My Review of Community Credit Union of Florida
My experience with Community Credit Union of Florida has been generally very good. Of the negative things I experienced with them was their requirement to take and pass a class about how to manage a checking account. They evidently made me do this because I had lacked an account with a financial institution for a while, a year or two, before applying for an account with them. Ordinarily that would have been fine, although the course itself they had me take was crummy and poorly prepared the student to pass the examination at the end because the multiple choice questions in the exam were worded significantly differently than the material in the course. The good news is once I got my account with the credit union everything there after was good. Customer service has been very friendly and I have zero problems with them handling the finances of my checking and savings accounts. That is a whole world of difference from Banks who create every excuse imaginable to thieve out of their depositors accounts. Other than wishing they would find a better personal finance course to prepare account holders with, my opinion of my credit union would be hard pressed to be any better. In short zero problem equals a big plus in my book.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60816 |
| Year Chartered | 1953 |
| Employees | 131 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 11.59% |
| Annual Interest Income | $33.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.02B$920.9MM |
| Loans | Q4 2021vs Q4 2020 | $695.7MM$658.9MM |
| Deposits | Q4 2021vs Q4 2020 | $882.2MM$792.7MM |
| Equity Capital | Q4 2021vs Q4 2020 | $114.6MM$101.8MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $10.2MM$10.6MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $689.00K$1.1MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$47.00K |