Overview / Commentary
Florida Rural Electric Credit Union is headquartered in Tallahassee and is the 102nd largest credit union in the state of Florida. It is also the 2,915th largest credit union in the nation. It was established in 1991 and as of September of 2019, it had grown to 8 employees and 3,699 members at 2 locations. Florida Rural Electric Credit Union has a B+ health rating.
Field of Membership Restrictions
Florida Rural Electric Credit Union in Tallahassee is open to the current and past affiliated cooperative companies, along with the employees and members of the Florida Electric Cooperative and their family members.
See current membership details
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Florida Rural Electric Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67561 |
| Year Chartered | 1991 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.29% |
| Return on Equity - YTD | -1.41% |
| Annual Interest Income | $891.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $29.1MM$29.5MM |
| Loans | Q3 2019vs Q3 2018 | $17.0MM$18.2MM |
| Deposits | Q3 2019vs Q3 2018 | $23.1MM$23.6MM |
| Equity Capital | Q3 2019vs Q3 2018 | $5.9MM$5.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $83.00K$55.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $48.00K$41.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |