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Miami Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
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Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Overview / Commentary
www.miamifcu.org
305-377-1017
51 SW 1st Ave Ste 604
Miami, FL 33130

Miami Federal Credit Union is headquartered in Miami and is the 86th largest credit union in the state of Florida. It is also the 2,554th largest credit union in the nation. It was established in 1954 and as of September of 2024, it had grown to 12 employees and 2,589 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..
See current membership details

Reviews

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Health
B

Data as of Q3 2024

Learn why bank health matters
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. Miami Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #9287
Year Chartered1954
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD-0.06%
Return on Equity - YTD-0.51%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$43.5MM$43.5MM
LoansQ3 2024vs Q3 2023$30.1MM$28.5MM
DepositsQ3 2024vs Q3 2023$35.2MM$36.1MM
Equity CapitalQ3 2024vs Q3 2023$5.2MM$5.3MM
Loan Loss AllowanceQ3 2024vs Q3 2023$127K$128K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$144K$66K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Rates

Rates for Miami Federal Credit Union are currently being reviewed.

Locations


Miami Federal Credit Union Locations
Branch Office400 N Miami Ave Fl 6Miami, FL 33128
Branch Office99 NE 4th St Fl 2Miami, FL 33132-2131
Branch Office299 E Broward Blvd Suite 314Ft Lauderdale, FL 33301
Branch Office51 SW 1st Ave Ste 604Miami, FL 33130-1611

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