Miami Federal Credit Union is headquartered in Miami and is the 94th largest credit union in the state of Florida. It is also the 2,690th largest credit union in the nation. It was established in 1954 and as of September of 2020, it had grown to 9 employees and 2,724 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 Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9287 |
| Year Chartered | 1954 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 0.7% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $38.8MM$36.1MM |
| Loans | Q3 2020vs Q3 2019 | $25.0MM$23.3MM |
| Deposits | Q3 2020vs Q3 2019 | $33.5MM$30.7MM |
| Equity Capital | Q3 2020vs Q3 2019 | $5.2MM$5.1MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $87.00K$84.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $56.00K$67.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |