Community Credit Union (FL) is headquartered in Rockledge and is the 20th largest credit union in the state of Florida. It is also the 395th largest credit union in the nation. It was established in 1953 and as of September of 2019, it had grown to 117 employees and 47,530 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
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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 | 117 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.55% |
| Return on Equity - YTD | 12.91% |
| Annual Interest Income | $26.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $795.4MM$701.4MM |
| Loans | Q3 2019vs Q3 2018 | $631.3MM$577.0MM |
| Deposits | Q3 2019vs Q3 2018 | $669.0MM$583.4MM |
| Equity Capital | Q3 2019vs Q3 2018 | $94.8MM$82.7MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $6.3MM$8.0MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $2.3MM$1.4MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $47.00K$47.00K |