Community Credit Union (FL) is headquartered in Rockledge and is the 22nd largest credit union in the state of Florida. It is also the 379th largest credit union in the nation. It was established in 1953 and as of June of 2023, it had grown to 155 employees and 56,267 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, worship, attend school, or conduct business in the Florida counties of Brevard, Indian River, Orange, Osceola, Polk, or Volusia; 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 so i have sent all our ira savings to A+ rated NASA FCU to be readily available in retirement to draw from as needed but nice to feel secure that the funds that will still be there at COMMUNITY FCU are safe as A+ is still A+ and hoping that in the near future better rates will appear
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.
Terrible Customer Service
I was Trying to correct an account I was behind due to Covid and loss of employment with an auto loan. They CLEARLY said we have the option to help you but we decided otherwise so they messed up my credit for good. I had the money to pay the back pay and continue payments but they said no, they grilled me on the phone about all my bills and how I would pay. I explained over and over what I was trying to do to get right with them and they WOULD NOT help in any way the rates might be good but they don’t care about you long term at all.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60816 |
| Year Chartered | 1953 |
| Employees | 155 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.15% |
| Return on Equity - YTD | 10.13% |
| Annual Interest Income | $26.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.18B$1.06B |
| Loans | Q2 2023vs Q2 2022 | $905.9MM$741.1MM |
| Deposits | Q2 2023vs Q2 2022 | $1.02B$916.1MM |
| Equity Capital | Q2 2023vs Q2 2022 | $135.5MM$121.4MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$9.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.4MM$759.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |