Miami Federal Credit Union

Overview / Commentary
51 SW 1st Ave Ste 604
Miami, FL 33130

Miami Federal Credit Union is headquartered in Miami and is the 89th largest credit union in the state of Florida. It is also the 2,551st largest credit union in the nation. It was established in 1954 and as of December of 2023, it had grown to 9 employees and 2,518 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

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

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

NCUA #9287
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.18%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$44.8MM$41.2MM
LoansQ4 2023vs Q4 2022$28.8MM$25.7MM
DepositsQ4 2023vs Q4 2022$36.5MM$34.9MM
Equity CapitalQ4 2023vs Q4 2022$5.3MM$5.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$116K$80K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$116K$54K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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* 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

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

0.15%--Share Draft Checking

Miami Federal Credit Union CD Rates

1.00%$50k-60 Month Jumbo CD
0.90%*$50k*-30 Month Jumbo CD
OTHER TIERS: 0.80% $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

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

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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