Envision CU (FL) is headquartered in Tallahassee and is the 27th largest credit union in the state of Florida. It is also the 488th largest credit union in the nation. It was established in 1954 and as of September of 2019, it had grown to 228 employees and 56,215 members at 13 locations. Envision CU (FL)'s CD rates are 96% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Envision Credit Union is open to the those who live or work in Bay, Calhoun, Franklin, Gadsden, Holmes, Jackson, Jefferson, Leon, Liberty, Okaloosa, Walton or Washington counties FL; or Brooks, Grady, Mitchell, or Thomas counties GA.
See current membership details
Good Ole Fashion Credit Union
It's 2016, this Credit Union still operates like a Credit Union. What does that mean? It means they are always trying to help the Member instead of worrying about their financial ratios like a local Commerce Credit Union.
They Send Unencrypted Emails To You
Emails can be intercepted and read in clear text. I applied online and 3 days later I got an email with a adobe file. When I clicked it had most of my sensitive data with no logging on needed. They wanted me to electronically sign it. Which I did and then thought about wait, just a click is all I needed? After I sent it I noticed the link was now not click-able anymore and I was glad for a second. Then I get another link for my records which just needs a click and again has most of my info and is live forever now all over the internet unencrypted. Just a random click and boom you can see all my info.
Envision Has Been Going Downhill Lately
Envision used to be a great credit union (been member for over 10 years). It was very responsive to members and had great products. But, over the last 2 years it has gone down the tubes in terms of service and management. Every decision seems to be based on enlarging the member base (by absorbing other credit unions) with little regard to how it impacts current members. Many of the functions that made it a great 'hometown' credit union are now farmed out to out of town (even out of country) service providers that has changed providing general service from minutes or at most a hour to taking days and even weeks. Envision management made the conscious decision to change debit and credit card service to two separate companies causing chaos with the card rewards program. Already earned rewards points were split between two separate companies and lost about 45% of their buying value in the process. Envision has also farmed out its mortgage servicing to a national service. In the past, one dealt with a mortgage officer directly, now its all a crap shoot as to what you will get and any efforts to refinance seems to involve many extra hoop jumps
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67329 |
| Year Chartered | 1954 |
| Employees | 228 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 8.43% |
| Annual Interest Income | $20.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $617.2MM$567.7MM |
| Loans | Q3 2019vs Q3 2018 | $464.0MM$405.5MM |
| Deposits | Q3 2019vs Q3 2018 | $549.6MM$484.3MM |
| Equity Capital | Q3 2019vs Q3 2018 | $54.7MM$50.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $4.5MM$3.4MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $2.2MM$2.8MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $25.00K$165.00K |
