Florida Credit Union

Overview / Commentary
1615 NW 80th Blvd
Gainesville, FL 32606

Florida Credit Union is headquartered in Gainesville and is the 16th largest credit union in the state of Florida. It is also the 254th largest credit union in the nation. It was established in 1954 and as of June of 2021, it had grown to 283 employees and 126,483 members at 12 locations. Florida Credit Union's money market rates are 14% higher than 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.
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Reviews (2)

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.


Health Grade Components

NCUA #60497
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD2.15%
Return on Equity - YTD20.67%
Annual Interest Income$34.2MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.66B$1.41B
LoansQ2 2021vs Q2 2020$1.30B$1.16B
DepositsQ2 2021vs Q2 2020$1.41B$1.23B
Equity CapitalQ2 2021vs Q2 2020$170.4MM$141.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$16.2MM$11.7MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$2.6MM$3.6MM
Real Estate OwnedQ2 2021vs Q2 2020$257.00K$95.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Florida Credit Union Savings Account Rates

2.00%*-$750Youth Savings
OTHER TIERS: 0.05% $750+
0.50%--IRA Savings
0.05%$500-Regular Savings
0.05%$500-Special Savings
0.05%--Vacation Club Savings
0.05%--Holiday Club Savings

Florida Credit Union Money Market Rates

0.50%*$2m*-Money Market Special
OTHER TIERS: 0.20% $2.5k - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $2m
0.50%*$2m*-Business Money Market Special
OTHER TIERS: 0.20% $2.5k - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $2m
0.10%*$40k*$5mBusiness Money Market Account
OTHER TIERS: 0.02% $2.5k+ | 0.05% $10k - $40k
0.10%*$40k*$5mMoney Market Account
OTHER TIERS: 0.02% $2.5k+ | 0.05% $10k - $40k
0.10%*$50k*$5mMoney Market Plus
OTHER TIERS: 0.02% $5m+
0.10%*$65k*$5mMoney Market Advantage
OTHER TIERS: 0.02% $5m+

Florida Credit Union Checking Account Rates

0.50%*$1m*-Interest-Bearing Checking
OTHER TIERS: 0.02% $10k - $25k | 0.15% $25k - $50k | 0.30% $50k - $100k | 0.40% $100k - $1m
0.50%*$1m*-Business Interest-Bearing Checking
OTHER TIERS: 0.02% $10k - $25k | 0.15% $25k - $50k | 0.30% $50k - $100k | 0.40% $100k - $1m
0.50%*$1m*-IOTA Account
OTHER TIERS: 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $1m

Florida Credit Union CD Rates

1.10%$10k-65 Month CD Special
0.90%$5k-37 Month CD Special
0.80%$2k-36 Month CD
0.80%$100k-26 Month Jumbo CD Special
0.70%$25k-25 Month Special CD
0.70%$5k-26 Month CD Special
0.70%$100k-18 Month Jumbo CD Special
0.65%$100k-13 Month Special Jumbo CD
0.60%$2k-24 Month CD
0.60%$5k-13 Month CD Special
0.60%$5k-18 Month CD Special
0.50%$2k-18 Month CD
0.45%$5k-9 Month CD Special
0.40%$1k-6 Month CD
0.35%$2k-12 Month CD
0.35%$2k-60 Month CD
0.20%$2k-48 Month CD

Florida Credit Union IRA Rates

1.10%$10k-65 Month IRA Special
0.90%$5k-37 Month IRA Special
0.80%$2k-36 Month IRA
0.80%$100k-26 Month Jumbo IRA Special
0.70%$25k-25 Month IRA Special
0.70%$5k-26 Month IRA Special
0.70%$100k-18 Month Jumbo IRA Special
0.65%$100k-13 Month Special Jumbo IRA
0.60%$2k-24 Month IRA
0.60%$5k-13 Month IRA Special
0.60%$5k-18 Month IRA Special
0.50%$2k-18 Month IRA
0.45%$5k-9 Month IRA Special
0.40%$1k-6 Month IRA
0.35%$2k-12 Month IRA
0.35%$2k-60 Month IRA
0.20%$2k-48 Month IRA


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