First Florida Credit Union is headquartered in Jacksonville and is the 19th largest credit union in the state of Florida. It is also the 326th largest credit union in the nation. It was established in 1950 and as of March of 2022, it had grown to 187 employees and 57,146 members at 17 locations. First Florida Credit Union has an A health rating.
Membership in First Florida Credit Union is open to those who live or work in the Florida counties of Alachua, Baker, Bay, Bradford, Brevard, Broward, Calhoun, Clay, Columbia, Duval, Flagler, Franklin, Gadsden, Gulf, Hillsborough, Indian River, Jackson, Jefferson, Leon, Liberty, Madison, Marion, Miami-Dade, Nassau, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Saint Johns, Seminole, Taylor, Union, Volusia, Wakulla, Walton, or Washington. Membership is also open to employees of more than 20 Select Employee Groups, including the State of Florida, CSX Transportation, and Florida State University.
See current membership details
We have been with First Florida Credit Union or an affiliate for 30+ years. Over the past five years we have had to do some significant renovations on our home. As you can imagine that becomes very expensive. First, we did a kitchen remodeled. There was some water damage behind to wall that insurance would not cover so we decided to just do a total remodel. We worked with Dorothy to help us decide how to pay for this and the least amount of interest. Our home was almost paid for so she suggested that we establish a home equity line of credit (HELOC) for the renovations. Fortunately, she suggested that we set it up for more than we needed because the renovations resulted in more than we initially thought. That buffer allowed us to have the kitchen we wanted rather than just settling for average. The interest rates were low which make the monthly payments very easy to manage.
|Return on Assets - YTD||0.23%|
|Return on Equity - YTD||2.13%|
|Annual Interest Income||$8.3MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$1.32B$1.27B|
|Loans||Q1 2022vs Q1 2021||$716.3MM$658.0MM|
|Deposits||Q1 2022vs Q1 2021||$1.05B$988.4MM|
|Equity Capital||Q1 2022vs Q1 2021||$139.7MM$158.2MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$2.5MM$3.0MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$1.5MM$2.0MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$0|
Rates for First Florida Credit Union are currently being reviewed.