Featured Savings Rates
Featured Accounts

Florence Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.70%5-year CD60 Month Share Certificate
0.65%1-year CD12 Month Share Certificate
0.25%SavingsRegular Share Savings Account

Overview / Commentary
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 2,288th largest credit union in the nation. It was established in 1959 and as of September of 2016, it had grown to 13 employees and 3,386 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.
See current membership details

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Health
B+
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
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD2.95%
Annual Interest Income$988.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$51.4MM$51.7MM
LoansQ3 2016vs Q3 2015$14.8MM$15.0MM
DepositsQ3 2016vs Q3 2015$45.0MM$45.2MM
Equity CapitalQ3 2016vs Q3 2015$5.9MM$5.7MM
Loan Loss AllowanceQ3 2016vs Q3 2015$17.00K$44.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$43.00K$13.00K
Real Estate OwnedQ3 2016vs Q3 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
1.70%$500-60 Month Share Certificate
1.40%$500-48 Month Share Certificate
1.20%$500-36 Month Share Certificate
1.05%$500-30 Month Share Certificate
1.00%$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
1.70%$500-60 Month IRA Certificate
1.40%$500-48 Month IRA Certificate
1.20%$500-36 Month IRA Certificate
1.05%$500-30 Month IRA Certificate
1.00%$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