Florida Credit Union is headquartered in Gainesville and is the 16th largest credit union in the state of Florida. It is also the 246th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 294 employees and 138,530 members at 12 locations. Florida Credit Union's money market rates are 5X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Florida Credit Union is open to those who live or work in Alachua, Baker, Bradford, Brevard, Charlotte, Citrus, Clay, Columbia, De Soto, Dixie, Duval, Flagler, Gilchrist, Glades, Hamilton, Hardee, Hernando, Highlands, Hillsborough, Indian River, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Madison, Manatee, Marion, Martin, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, or Volusia Counties in Florida.
See current membership details
Related Posts
3/15 - Florida Credit Union Offers CD Specials In 45 Florida Counties
2/8 - Florida Credit Union Ups 15-Month CD Special Rate
7/29 - MMA Special, 1.15% APY, $50K Min, Guaranteed Through 12/31/17
11/13/15 - 3 Competitive CD Specials at Florida Credit Union
8/1/14 - Florida Credit Union Adds High Rate Limited Time 3-Year CD Special
3/14/14 - 3-Year CD Special with a Top Rate at Florida Credit Union
12/28/11 - Special 3-Year CD Rate at Florida Credit Union - Local Only
Florida Credit Union is the way to go!
I was hesitant about using a credit union as I had never had experience with one. I was worried that they were going to try to suck me in with credit offers all the time. I was wrong! They are always trying cut my costs down and save me money! They are local so they can offer me things big banks can't. They are so competitive it really makes you understand how the bigger companies are ripping individuals off. My only semi-complaint is that they aren't as technology based as some of the bigger credit unions and banks. Meaning direct deposits and assistance is a little slower than I would like them to be. If you take that out of the equation I would rate them 100/100 possible points!
Decent bank
This was my first experience ever with a credit union. I was very surprised because I do not have decent credit, but they allowed me to open an account right away with very little hassle. I was in and out in 30 minutes when opening my first account. Every transaction with them was very pleasant. The location near me did not have a drive-through, but going inside there were numerous teller spots and every transaction I made inside was usually pretty quick. The mobile app was a little bit limited (when I used it last), but I'm hoping it has advanced now. This is what brought me to credit unions and will keep me with them for a long time. I was much more satisfied with using a credit union than I had ever been with a bank, and it surprised me very much. The costs for the products were very reasonable - I had a free checking and savings account (the savings account needed a $5 minimum), and got a free debit card with them as well. The debit cards were produced at the facility, so there was never any waiting to get one. Unfortunately their debit cards were cheap, and I needed to replace mine every 2 or 3 months due to it not working anymore. The employees were always friendly and waiting in the lobby was usually pretty quick. I would highly recommend this location in the future to just about anyone looking for a local banking institute.
Was Great Until The Removed Credit Card Payment To Build Credit
Loved them until the removed the option to utilize credit card payments to build credit, purposely hindering the building of higher credit. Odd coming from a credit establishment.
Why I got my card in the first place.
Just Sad….
So I reported my debit card stolen after I realized my money was being depleted from my account. I was purposely saving money in order to handle my bills as I am not working right now. I called today to check on the status of the disputes that I made just to learn that some credit was given. I was given back $500 out of the $2000+ that was stolen from me. This opened my eyes and made me see that this bank really doesn’t care about me as a customer. I’m just sad because now my daughter and my stability is compromised. At least the CSR were very nice and helpful.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60497 |
| Year Chartered | 1954 |
| Employees | 294 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.93% |
| Return on Equity - YTD | 16.87% |
| Annual Interest Income | $56.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $1.91B$1.73B |
| Loans | Q3 2022vs Q3 2021 | $1.51B$1.34B |
| Deposits | Q3 2022vs Q3 2021 | $1.63B$1.47B |
| Equity Capital | Q3 2022vs Q3 2021 | $217.2MM$180.0MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $15.1MM$15.8MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $6.8MM$3.2MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$157.00K |
