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Florence Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.50%5-year CD60 Month Share Certificate
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.65%1-year CD12 Month Share Certificate
1.05% - Ally Bank High Yield 12-Month CDAdvertisement
0.25%SavingsRegular Share Savings Account
1.00% - Ally Bank Online Savings AccountAdvertisement
View all Florence Federal Credit Union rates »

Overview / Commentary
ffcuonline.com
256-767-4700
1505 N Pine St
Florence, AL 35630-2285

Florence Federal Credit Union is headquartered in Florence and is the 41st largest credit union in the state of Alabama. It is also the 2,274th largest credit union in the nation. It was established in 1959 and as of June of 2016, it had grown to 12 employees and 3,399 members at 3 locations. Florence Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work , worship, or attend school in, and businesses and other legal entities located in Colbert and Lauderdale Counties.
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Health
B+

Data as of Q2 2016

Learn more about bank health
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. Florence Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #13167
Year Chartered1959
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD3.55%
Annual Interest Income$654.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$51.8MM$51.9MM
LoansQ2 2016vs Q2 2015$15.3MM$14.6MM
DepositsQ2 2016vs Q2 2015$45.0MM$45.8MM
Equity CapitalQ2 2016vs Q2 2015$5.9MM$5.7MM
Loan Loss AllowanceQ2 2016vs Q2 2015$11.00K$55.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$7.00K$5.00K
Real Estate OwnedQ2 2016vs Q2 2015$170.00K$201.00K
Rates
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Florence Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$200-Regular Share Savings Account
0.25%$200-Christmas Club Account
0.25%$200-Vacation Club Account

Florence Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$2,500-Money Market Account

Florence Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month Share Certificate
1.20%$500-48 Month Share Certificate
1.05%$500-36 Month Share Certificate
1.00%$500-30 Month Share Certificate
0.95%$500-24 Month Share Certificate
0.80%$500-18 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.50%$500-6 Month Share Certificate
0.30%$500-90 Day Share Certificate

Florence Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month IRA Certificate
1.20%$500-48 Month IRA Certificate
1.05%$500-36 Month IRA Certificate
1.00%$500-30 Month IRA Certificate
0.95%$500-24 Month IRA Certificate
0.80%$500-18 Month IRA Certificate
0.65%$500-12 Month IRA Certificate
0.50%$500-6 Month IRA Certificate
0.30%$500-90 Day IRA Certificate
Locations


Florence Federal Credit Union Locations
Branch Office501 E Tennessee StFlorence, AL 35630-5719
Branch Office1505 N Pine StFlorence, AL 35630-2285
Branch Office303 E Dr Hicks BlvdFlorence, AL 35630-5769