FAMU Federal Credit Union

Overview / Commentary
1610 S Monroe St
Tallahassee, FL 32301

FAMU Federal Credit Union is headquartered in Tallahassee and is the 106th largest credit union in the state of Florida. It is also the 3,233rd largest credit union in the nation. It was established in 1935 and as of March of 2021, it had grown to 7 employees and 3,235 members at 1 location. FAMU Federal Credit Union has a B health rating.

Field of Membership Restrictions

FAMU Federal Credit Union is open to employees, and students of Florida A&M University, employees of Metz Culinary Management Food Services at Florida A&M University, and members of Florida A&M University National Alumni Association, Bethel Missionary Baptist Church in Tallahassee, Tabernacle Missionary Baptist Church in Tallahassee, Jacob Chapel Baptist Church in Tallahassee, and voting members of the Tallahassee Branch of the National Association for the Advancement of Colored People.
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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. FAMU Federal Credit Union has a low asset base.

Health Grade Components

NCUA #187
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD-0.5%
Return on Equity - YTD-7.55%
Annual Interest Income$185.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$25.4MM$21.3MM
LoansQ1 2021vs Q1 2020$10.2MM$13.0MM
DepositsQ1 2021vs Q1 2020$23.3MM$19.9MM
Equity CapitalQ1 2021vs Q1 2020$1.6MM$775.00K
Secondary CapitalQ1 2021vs Q1 2020$283.00K
Loan Loss AllowanceQ1 2021vs Q1 2020$199.00K$185.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$56.00K$327.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
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FAMU Federal Credit Union Savings Account Rates

0.10%--Share IRA
0.10%$5-Vacation Club
0.10%$5-Christmas Club
0.05%--Share Savings

FAMU Federal Credit Union Money Market Rates

0.20%--Platinum Money Market
0.15%--DiamondBack Money Market
0.10%--Rattler Plus Money Market

FAMU Federal Credit Union CD Rates

0.36%$1k-12 Month CD
0.36%$1k-18 Month CD
0.36%$1k-24 Month CD
0.36%$1k-36 Month CD
0.36%$1k-48 Month CD
0.36%$1k-60 Month CD
0.36%$1k-6 Month CD
0.16%$1k-90 Day CD
0.11%$500-30 Day CD

FAMU Federal Credit Union IRA Rates

0.36%$1k-12 Month IRA
0.36%$1k-36 Month IRA
0.36%$1k-48 Month IRA
0.36%$1k-60 Month IRA
0.36%$1k-6 Month IRA
0.36%$1k-18 Month IRA

FAMU Federal Credit Union Locations
Branch Office1610 S Monroe StTallahassee, FL 32301-5524

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