Florida Credit Union


Overview / Commentary
352-377-4141
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 265th largest credit union in the nation. It was established in 1954 and as of June of 2019, it had grown to 261 employees and 107,447 members at 13 locations. Florida Credit Union's money market rates are 5X the national average, and it has 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, Citrus, Clay, Columbia, Dixie, Duval, Flagler, Gilchrist, Hamilton, Hernando, Jefferson, Lafayette, Lake, Leon,Levy, Madison, Marion, Nassau, Orange, Pasco, Polk, Putnam, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, 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

Health Grade Components

Overall
NCUA #60497
Year Chartered1954
Employees261
Primary Regulator
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD14.39%
Annual Interest Income$30.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.19B$1.08B
LoansQ2 2019vs Q2 2018$1.02B$902.3MM
DepositsQ2 2019vs Q2 2018$1.02B$936.7MM
Equity CapitalQ2 2019vs Q2 2018$123.7MM$106.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$9.2MM$7.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.1MM$3.2MM
Real Estate OwnedQ2 2019vs Q2 2018$157.00K$76.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Florida Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$750Youth Savings
OTHER TIERS: 0.10% $750+
0.40%--IRA Savings
0.10%$500-Regular Savings
0.10%$500-Special Savings
0.10%--Vacation Club Savings
0.10%--Holiday Club Savings

Florida Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%*$2m*$5mMoney Market Special
OTHER TIERS: 0.15% $10k+ | 0.20% $25k - $50k | 1.25% $50k - $100k | 1.75% $100k - $2m
1.25%*$50k*$5mBusiness Money Market Special
OTHER TIERS: 0.15% $10k+ | 0.20% $25k - $50k
0.55%*$100k*-Business Money Market Account
OTHER TIERS: 0.25% $2.5k - $10k | 0.30% $10k - $25k | 0.35% $25k - $40k | 0.45% $40k - $100k
0.40%*$100k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $25k | 0.20% $25k - $40k | 0.30% $40k - $100k
0.40%*$100k*-Money Market Plus
OTHER TIERS: 0.30% $50k - $100k
0.40%*$100k*$250kMoney Market Advantage
OTHER TIERS: 0.30% $65k - $100k

Florida Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$2m*$5mBusiness Interest-Bearing Checking
OTHER TIERS: 0.15% $5m+ | 0.50% $10k - $25k | 0.75% $25k - $50k | 1.75% $50k - $1m | 2.00% $1m - $2m
1.50%*$50k*$5mInterest-Bearing Checking
OTHER TIERS: 0.15% $5m+ | 0.50% $10k - $25k | 0.75% $25k - $50k

Florida Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$10k-18 Month CD Special
2.05%$5k-13 Month CD Special
2.00%$5k-9 Month CD Special
1.65%$2k-18 Month CD
1.50%$5k-26 Month CD Special
1.45%$2k-24 Month CD
1.40%$2k-36 Month CD
1.40%$5k-37 Month CD Special
1.35%$2k-12 Month CD
1.30%$2k-48 Month CD
1.00%$2k-60 Month CD
1.00%$10k-65 Month CD Special
0.37%$1k-6 Month CD

Florida Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$10k-18 Month IRA Special
2.05%$5k-13 Month IRA Special
2.00%$5k-9 Month IRA Special
1.65%$2k-18 Month IRA
1.50%$5k-26 Month IRA Special
1.45%$2k-24 Month IRA
1.40%$2k-36 Month IRA
1.40%$5k-37 Month IRA Special
1.35%$2k-12 Month IRA
1.30%$2k-48 Month IRA
1.00%$2k-60 Month IRA
1.00%$10k-65 Month IRA Special
0.37%$1k-6 Month IRA
Locations

Availability



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