Miami Federal Credit Union is headquartered in Miami and is the 92nd largest credit union in the state of Florida. It is also the 2,669th largest credit union in the nation. It was established in 1954 and as of June of 2022, it had grown to 7 employees and 2,579 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9287 |
| Year Chartered | 1954 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 1.56% |
| Annual Interest Income | $610.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $42.7MM$42.9MM |
| Loans | Q2 2022vs Q2 2021 | $24.1MM$24.7MM |
| Deposits | Q2 2022vs Q2 2021 | $37.4MM$37.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $5.2MM$5.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $83.00K$94.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $16.00K$38.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |