Florida Credit Union is headquartered in Gainesville and is the 16th largest credit union in the state of Florida. It is also the 256th largest credit union in the nation. It was established in 1954 and as of June of 2020, it had grown to 271 employees and 115,892 members at 13 locations. Florida Credit Union 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.
See current membership details
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.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60497 |
| Year Chartered | 1954 |
| Employees | 271 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 10.31% |
| Annual Interest Income | $33.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.41B$1.19B |
| Loans | Q2 2020vs Q2 2019 | $1.16B$1.02B |
| Deposits | Q2 2020vs Q2 2019 | $1.23B$1.02B |
| Equity Capital | Q2 2020vs Q2 2019 | $141.6MM$123.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $11.7MM$9.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.6MM$4.1MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $95.00K$157.00K |
