Financial Access Federal Credit Union


Overview / Commentary
941-748-7704
604 13th Ave E
Bradenton, FL 34208

Financial Access Federal Credit Union is headquartered in Bradenton and is the 93rd largest credit union in the state of Florida. It is also the 2,820th largest credit union in the nation. It was established in 1958 and as of March of 2024, it had grown to 13 employees and 2,577 members at 1 location. Financial Access Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Financial Access Federal Credit Union is open to anyone who lives, works, worships, or goes to school in the CDFI Investment areas of Sarasota and Manatee Counties, Florida. Students and employees of Lincoln Memorial Academy in Palmetto, and employees of Service Employees International Union in St. Petersburg, as well as immediate family and household members are also eligible for membership.
See current membership details

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Health
C+
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. Financial Access Federal Credit Union has a low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #12238
Year Chartered1958
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD-5.94%
Return on Equity - YTD-33.7%
Annual Interest Income$362K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$34.5MM$38MM
LoansQ1 2024vs Q1 2023$13.3MM$13.7MM
DepositsQ1 2024vs Q1 2023$26.5MM$30.8MM
Equity CapitalQ1 2024vs Q1 2023$6.1MM$6.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$226K$386K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$52K$37K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Financial Access Federal Credit Union are currently being reviewed.

Locations


Financial Access Federal Credit Union Locations
Branch Office604 13th Ave EBradenton, FL 34208-2601

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