Miami Federal Credit Union is headquartered in Miami and is the 89th largest credit union in the state of Florida. It is also the 2,607th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 8 employees and 2,546 members at 4 locations. Miami Federal Credit Union has a B health rating.
Field of Membership Restrictions
Miami Federal Credit Union is open to employees of the U.S. government, military personnel headquartered in Miami-Dade, Broward or Monroe County, and employees of Capital Grill Restaurant, Bethel Apostolic Temple, Henderson Clinic, Economic Opportunities Family Health Center, Inc., First Church of North Miami Congregational, Tools for Change, Church of the Open Door, Health Systems Agency of South Florida, or IXE Dollar Express, Inc..
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People Helping People
Member service’s beyond expectations. They are not a bank, they are our credit union.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9287 |
| Year Chartered | 1954 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 2.56% |
| Annual Interest Income | $761.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $43.1MM$42.7MM |
| Loans | Q2 2023vs Q2 2022 | $27.4MM$24.1MM |
| Deposits | Q2 2023vs Q2 2022 | $35.2MM$37.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.2MM$5.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$83.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $70.00K$16.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |