Florida Rural Electric Credit Union


Overview / Commentary
850-877-6168
2916 Apalachee Pkwy
Tallahassee, FL 32301-3731

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 December of 2018, it had grown to 7 employees and 3,702 members at 2 locations. Florida Rural Electric Credit Union's CD rates are 44% higher than the national average, and it 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.
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Health
B+
Additional 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 Chartered1991
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.12%
Return on Equity - YTD0.6%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$29.0MM$29.2MM
LoansQ4 2018vs Q4 2017$18.2MM$16.8MM
DepositsQ4 2018vs Q4 2017$23.1MM$23.2MM
Equity CapitalQ4 2018vs Q4 2017$5.9MM$5.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$54.00K$52.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$60.00K$63.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Florida Rural Electric Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$20-IRA Accumulation Account
0.27%$15-Membership Share Savings Account
0.27%--Christmas Share Savings Account

Florida Rural Electric Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.27%--Share Draft Checking Account
0.27%--Differential Share Draft Checking Account

Florida Rural Electric Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$500-36 Month CD
1.75%$500-30 Month CD
1.65%$500-24 Month CD
1.45%$500-18 Month CD
1.30%$5k-12 Month CD - Monthly Dividends
1.30%$500-12 Month CD
0.80%$500-6 Month CD

Florida Rural Electric Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$500-36 Month IRA CD
1.75%$500-30 Month IRA CD
1.65%$500-24 Month IRA CD
1.45%$500-18 Month IRA CD
1.30%$5k-12 Month IRA CD - Monthly Dividends
1.30%$500-12 Month IRA CD
0.80%$500-6 Month IRA CD
Locations


Florida Rural Electric Credit Union Locations
Branch Office2916 Apalachee PkwyTallahassee, FL 32301-3731
Branch Office7433 State Road 21KEYSTONE HEIGHTS, FL 32656-9301

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