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Miami Federal Credit Union


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 90th largest credit union in the state of Florida. It is also the 2,684th largest credit union in the nation. It was established in 1954 and as of December of 2022, it had grown to 8 employees and 2,524 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 (1)

People Helping People

Posted by: |

Member service’s beyond expectations. They are not a bank, they are our credit union.

1


Health
B

Data as of Q4 2022

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
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD1.62%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$41.2MM$42.5MM
LoansQ4 2022vs Q4 2021$25.7MM$24.3MM
DepositsQ4 2022vs Q4 2021$34.9MM$36.6MM
Equity CapitalQ4 2022vs Q4 2021$5.2MM$5.2MM
Loan Loss AllowanceQ4 2022vs Q4 2021$80.00K$89.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$54.00K$23.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Miami Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Miami Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-Share Savings
OTHER TIERS: 0.10% → Up to $1k | 0.15% → $1k - $5k | 0.20% → $5k - $10k
0.15%--Christmas Club
0.15%--Vacation Club

Miami Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Share Draft Checking

Miami Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$50k-60 Month Jumbo CD
0.90%*$50k*-30 Month Jumbo CD
OTHER TIERS: 0.70% → $10k - $50k
0.75%$10k-24 Month Jumbo CD
0.70%$200-60 Month CD
0.70%$10k-18 Month Jumbo CD
0.65%$200-30 Month CD
0.60%$200-24 Month CD
0.60%$10k-12 Month Jumbo CD
0.55%$200-18 Month CD
0.50%$200-12 Month CD
0.50%$10k-6 Month Jumbo CD
0.45%$200-6 Month CD

Miami Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$25-60 Month IRA
0.65%$25-30 Month IRA
0.65%$25-30 Month Educational IRA
0.55%$25-24 Month IRA
0.50%$25-12 Month IRA
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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