Florence Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.10% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 2.00% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.30% | Savings | 0.27% - National Average |
Florence Federal Credit Union is headquartered in Florence and is the 39th largest credit union in the state of Alabama. It is also the 2,269th largest credit union in the nation. It was established in 1959 and as of December of 2018, it had grown to 14 employees and 3,449 members at 3 locations. Florence Federal Credit Union's CD rates are 2X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership to Florence Federal Credit Union is open to businesses and other legal entities and those who work, worship, attend school or live in Colbert and Lauderdale counties.
See current membership details
Florence Federal Credit Union
After my divorce left my credit in a horrible mess, and I was forced to closed a bank account that I had used for over 25 years, Florence Federal Credit Union took a chance on allowing me to open a checking/savings account with their institution. That was in 2013, and I am still member. There is only a $5 monthly fee, no minimum balance in checking and only a $25 minimum in savings. I also have overdraft protection up to $500. The ONLY negative I have to say is that there are only two locations. However, since I do most of my banking online, this has rarely been an issue.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13167 |
| Year Chartered | 1959 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 6.28% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $52.8MM$52.8MM |
| Loans | Q4 2018vs Q4 2017 | $18.2MM$16.3MM |
| Deposits | Q4 2018vs Q4 2017 | $45.8MM$46.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $6.4MM$6.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $84.00K$67.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $40.00K$190.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$102.00K |
Always verify rates and promotions with the bank or credit union. We are not Florence Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Florence Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $200 | - | Regular Share Savings Account | |
| 0.30% | $200 | - | Vacation Club Account | |
| 0.25% | $200 | - | Christmas Club Account |
Florence Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $2.5k | - | Money Market Account |
Florence Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.10% | $500 | - | 60 Month Share Certificate | |
| 3.00% | $500 | - | 48 Month Share Certificate | |
| 2.90% | $500 | - | 36 Month Share Certificate | |
| 2.75% | $500 | - | 30 Month Share Certificate | |
| 2.50% | $500 | - | 24 Month Share Certificate | |
| 2.25% | $500 | - | 18 Month Share Certificate | |
| 2.00% | $500 | - | 12 Month Share Certificate | |
| 1.50% | $500 | - | 6 Month Share Certificate | |
| 0.55% | $500 | - | 90 Day Share Certificate |
Florence Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.10% | $500 | - | 60 Month IRA Certificate | |
| 3.00% | $500 | - | 48 Month IRA Certificate | |
| 2.90% | $500 | - | 36 Month IRA Certificate | |
| 2.75% | $500 | - | 30 Month IRA Certificate | |
| 2.50% | $500 | - | 24 Month IRA Certificate | |
| 2.25% | $500 | - | 18 Month IRA Certificate | |
| 2.00% | $500 | - | 12 Month IRA Certificate | |
| 1.50% | $500 | - | 6 Month IRA Certificate | |
| 0.55% | $500 | - | 90 Day IRA Certificate |
| Florence Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 501 E Tennessee St | Florence, AL 35630-5719 |
| Branch Office | 1505 N Pine St | Florence, AL 35630-2285 |
| Branch Office | 303 E Dr Hicks Blvd | Florence, AL 35630-5769 |