Florida Credit Union

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

Florida Credit Union is headquartered in Gainesville and is the 15th largest credit union in the state of Florida. It is also the 235th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 295 employees and 146,091 members at 14 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

Reviews (5)

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

Posted by: |

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.

Worst CU EVER - Silver Springs Blvd, Ocala, FL

Posted by: |

1.25.23: My husband just opened an acct here because we moved too far from the nearest Suncoast CU location where we've been a valued member for years. Apparently you all have all of your regular tellers tucked away in a back room and have ITM screens in the lobby, but still have your face to face acct reps. That doesn't even make sense and is very impersonal and extremely slow. He waited almost an hour in line to try to deposit our insurance refund check and get less than $200 of cash because your ATM doesn't work just to be told a 7-day hold is being put on it and he can't get any cash from it at all. We live 1/2 hour from Ocala and only come into town every other week. Guess I just have to use an ATM with our other CU and get change from a store. What a terrible first experience after opening a new acct!

3.23.23 Edit: I emailed marketing as they asked me to per their response to my Google review, gotten one response saying that they could forward my concerns to their member service dept if we were still having issues. I said we were because they were still holding our money and his most recent stop in was no different than his first so, sure, he could forward my email to them. I never got a response confirming that they did, nor any communication from anyone else. I emailed back a couple weeks later, to no response. I wrote a final email tonight sharing with them the experience my husband had trying to close his account, hoping that might elicit a response. He went in to find that over $100 had been taken in fees because they failed to uphold the promise the last teller told him that as soon as his money was available (this was almost 2 weeks of a hold on a check) that they would switch it into his checking like he'd asked - they erroneously put it in his savings initially and wouldn't fix the issue til the hold was off. So the money finally became available and he did several debits that apparently bounced and those fees were to withdraw from the savings where it should not have been to begin with. They told him he was responsible for transferring it, not them. They also came to the realization that they never should have opened up accounts for him because there was an old overdrawn account that was opened in my husband's name and closed in the negative, but when they checked the ID that they had on file still and all they said was that it didn't match my husband's - they allowed someone to fraudulently open an account in his name and then had the audacity to try to take our money to cover the overage!!! They still owe us money back from the fees because they would only, "meet halfway," still claiming that he was responsible for the money being in the wrong account, and refused to get a manager to handle the situation. He's tried calling and he just gets voicemail and they refuse to call back. Stay away from this credit union...it's worse than some of the banks we won't ever go back to either!!

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.


Health Grade Components

NCUA #60497
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.86%
Return on Equity - YTD15.57%
Annual Interest Income$52.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$2.04B$1.89B
LoansQ2 2023vs Q2 2022$1.62B$1.47B
DepositsQ2 2023vs Q2 2022$1.71B$1.62B
Equity CapitalQ2 2023vs Q2 2022$243.7MM$208.4MM
Loan Loss AllowanceQ2 2023vs Q2 2022$16.0MM$15.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$8.0MM$4.8MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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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: 0.15% $750+
0.50%--IRA Savings
0.15%$500-Regular Savings
0.15%$500-Special Savings
0.15%--Vacation Club Savings
0.15%--Holiday Club Savings

Florida Credit Union Money Market Rates

2.00%*$1m*-Money Market Special
OTHER TIERS: 0.25% $2.5k - $10k | 0.98% $10k - $25k | 1.10% $25k - $50k | 1.25% $50k - $100k | 1.50% $100k - $1m
2.00%*$1m*-Business Money Market Special
OTHER TIERS: 0.25% $2.5k - $10k | 1.00% $10k - $25k | 1.25% $25k - $50k | 1.40% $50k - $100k | 1.65% $100k - $1m
1.00%*$2m*$5mMoney Market Account
OTHER TIERS: 0.02% $5m+ | 0.25% $2.5k - $25k | 0.45% $25k - $40k | 0.55% $40k - $100k | 0.75% $100k - $2m
0.50%*$100k*$5mBusiness Money Market Account
OTHER TIERS: 0.02% $2.5k+ | 0.25% $10k - $100k
0.50%*$100k*$5mMoney Market Plus
OTHER TIERS: 0.02% $5m+ | 0.25% $50k - $100k
0.50%*$100k*$5mMoney Market Advantage
OTHER TIERS: 0.02% $5m+ | 0.25% $65k - $100k

Florida Credit Union Checking Account Rates

3.40%$10k-IOTA Account
3.00%*$1.5m*-Interest-Bearing Checking
OTHER TIERS: 1.00% $10k - $25k | 1.10% $25k - $50k | 1.25% $50k - $100k | 1.50% $100k - $1m | 2.00% $1m - $1.5m
3.00%*$1.5m*-Business Interest-Bearing Checking
OTHER TIERS: 1.00% $10k - $25k | 1.25% $25k - $50k | 1.40% $50k - $100k | 1.65% $100k - $1m | 2.00% $1m - $1.5m

Florida Credit Union CD Rates

5.60%$1k-18 Month CD Special
5.35%$1k-13 Month CD Special
5.10%$1k-9 Month CD Special
4.90%$1k-7 Month CD Special
3.75%$1k-6 Month CD
3.65%$1k-24 Month CD
3.40%$1k-12 Month CD
3.35%$1k-36 Month CD
3.25%$1k-48 Month CD
3.15%$1k-18 Month CD
3.15%$1k-60 Month CD

Florida Credit Union IRA Rates

5.60%$1k-18 Month IRA Special
5.35%$1k-13 Month IRA Special
5.10%$1k-9 Month IRA Special
4.90%$1k-7 Month IRA Special
3.75%$1k-6 Month IRA
3.65%$1k-24 Month IRA
3.40%$1k-12 Month IRA
3.35%$1k-36 Month IRA
3.25%$1k-48 Month IRA
3.15%$1k-18 Month IRA
3.15%$1k-60 Month IRA


Orlando Area

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