First Florida Credit Union is headquartered in Jacksonville and is the 19th largest credit union in the state of Florida. It is also the 336th largest credit union in the nation. It was established in 1950 and as of June of 2023, it had grown to 205 employees and 62,439 members at 19 locations. First Florida Credit Union's CD rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
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, Martin, 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
Related Posts
1/6 - 1.49% APY 9-Month Certificate Special At First Florida Credit Union
11/11/10 - 45-Month Special CD At First Florida Credit Union - Many Parts Of Florida
4/28/09 - 2.65% 13-Month CD and Other Competitive CD Rates at First Florida CU - North, Central and South FL
3/19/09 - 2.90% 13-Month CD and Other Competitive CD Rates at First Florida Credit Union
1/29/09 - 3.50% 5-Month CD & 3.40% 13-Month CD at First Florida Credit Union
1/5/09 - 3.75% 5-Month CD & 3.70% 13-Month CD at First Florida Credit Union
11/13/08 - 4.25% 13-Month CD at First Florida Credit Union
1/26/08 - 5.35% 60-Month CD at a Florida CU - and other deals (First Florida).
11/10/07 - 5.35% 12-Month CD at a Florida CU - and $150 Checking/DD bonus (First Florida)
First Florida Credit Union Review
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61170 |
| Year Chartered | 1950 |
| Employees | 205 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 5.75% |
| Annual Interest Income | $24.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.38B$1.36B |
| Loans | Q2 2023vs Q2 2022 | $886.2MM$786.2MM |
| Deposits | Q2 2023vs Q2 2022 | $1.07B$1.06B |
| Equity Capital | Q2 2023vs Q2 2022 | $129.4MM$115.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.1MM$2.7MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $4.2MM$1.5MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
