Connect Credit Union


Overview / Commentary
954-730-2047
3400 W Commercial Blvd
Fort lauderdale, FL 33309

Connect Credit Union is headquartered in Fort lauderdale and is the 76th largest credit union in the state of Florida. It is also the 1,843rd largest credit union in the nation. It was established in 1909 and as of December of 2022, it had grown to 20 employees and 5,659 members at 4 locations. Connect Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Connect CU of Florida is open to residents and people that maintain employment in any of the site listed qualified CU-affiliated Counties, current Florida State employees, retired and affiliated employees with the Florida State Transportation Dept. and the direct family members of current CU members.
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Connect Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #67342
Year Chartered1909
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.1%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$98.3MM$96.7MM
LoansQ4 2022vs Q4 2021$66.3MM$63.6MM
DepositsQ4 2022vs Q4 2021$88.0MM$85.4MM
Equity CapitalQ4 2022vs Q4 2021$9.2MM$10.3MM
Loan Loss AllowanceQ4 2022vs Q4 2021$369.00K$525.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$371.00K$128.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Connect 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.

Connect Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.10%--Club Savings
0.05%$100-Shares (Savings)

Connect Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Money Market Account
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k | 0.60% $50k - $100k

Connect Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.17%*-$1kE-Checking - Qualifying
OTHER TIERS: 0.05% $25k+ | 0.50% $1k - $25k
0.03%--Sharedraft (Checking)

Connect Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%*$20k*-24 Months CD
OTHER TIERS: 3.71% $1k - $20k
3.45%*$20k*-36 Months CD
OTHER TIERS: 3.30% $1k - $20k
3.30%*$20k*-12 Months CD
OTHER TIERS: 3.14% $1k - $20k
3.25%*$20k*-60 Months CD
OTHER TIERS: 3.04% $1k - $20k
2.89%*$20k*-6 Months CD
OTHER TIERS: 2.79% $1k - $20k

Connect Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%*$20k*-24 Months IRA
OTHER TIERS: 3.71% $1k - $20k
3.45%*$20k*-36 Months IRA
OTHER TIERS: 3.30% $1k - $20k
3.30%*$20k*-12 Months IRA
OTHER TIERS: 3.14% $1k - $20k
3.25%*$20k*-60 Months IRA
OTHER TIERS: 3.04% $1k - $20k
2.89%*$20k*-6 Months IRA
OTHER TIERS: 2.79% $1k - $20k
Locations


Connect Credit Union Locations
Branch Office1993 S Kanner HwyStuart, FL 34994
Branch Office1000 NW 111th AveMiami, FL 33172-5800
Branch Office719 S Woodland BlvdDeland, FL 32720
Branch Office3400 W Commercial BlvdFort lauderdale, FL 33309

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