Overview / Commentary
129 S Kentucky Ave
Lakeland, FL 33801

MIDFLORIDA Credit Union is a multi-branch credit union that focuses on the Central Florida region. The credit union offers personal and business products and services that serve hundreds of thousands of members.

On the personal banking side, MIDFLORIDA offers checking, savings, money market, and certificate accounts to provide different opportunities for consumers to save and manage their money. The credit union makes available a checking account designed specifically for teenagers that comes with bonus rates on college-focused certificate accounts. Several other checking accounts provide members with various features like debit cards, eStatements, Bill Pay, and Cashier’s Checks to name a few. MIDFLORIDA’s savings account opportunities vary based on age, with a savings account geared towards teens and a savings account geared towards children. A basic savings account is also offered that includes an incentive when certain account balance thresholds are met. Money market accounts offered by the credit union have minimum initial deposit requirements and increase interest earnings based on account balances. Certificates are considered investments by the credit union and are available in term lengths ranging from 12 to 60 months. One certificate opportunity targets college students specifically and offers bonus basis points on interest earned to college-aged members.

MIDFLORIDA Credit Union online banking allows members to manage all of their accounts in one location. It provides functions like check image viewing, fund transfers, Bill Pay, and Debit Card Rewards tracking. The credit union also offers a smartphone app that members can use to manage their accounts and make various payments.

MIDFLORIDA Credit Union was originally chartered in 1954 as the Polk County Teachers Credit Union. It was initially established to meet the banking needs of teachers in the community and eventually opened its membership up to residents, generally, in 2002.

Field of Membership Restrictions

Membership in MIDFLORIDA Credit Union is open to those who live, work, worship, or attend school in Brevard, Citrus, Charlotte, DeSoto, Hardee, Glades, Hernando, Hardee, Highlands, Hillsborough, Indian River, Lake, Manatee, Marion, Martin, Okeechobee, Orange, Osceola, Pasco, Pinellas, Polk, Sarasota, Seminole, St. Lucie, Sumter, or Volusia Counties in Florida.
See current membership details


I have been banking with this credit union since I was 16 doing my internships. This bank has been very kind to me through setting up my account and walking me through setting limits to where I won't have overdraft fees. The only downfall is its only located in central Florida so if I go out of state, I would't be able to go to the bank to withdraw money. Their app and online services are so great and user friendly; it allows me to make changes such as transfer money from checking to savings and manage my funds as well as going being able to just take a picture of a check and the funds being directly deposited into the account.

MidFlorida Credit Union Review

Posted by: |

This establishment was the result of a recent merger. I don't believe they have the best customer service. My debit card has never worked and I am unable to activate it. The lines are always long when trying to visit in person to make deposits and withdrawals. They require you to fill out deposit/withdrawal slips prior to completing a transaction. The mobile experience is phenomenal. It always seems to work really well and I have been able to set up transfers to other credit unions without issue. Funds are available very quickly after deposit. Prior to the merger customers had the option to receive receipts through the e-mail linked to their accounts. This is no longer an option and paper receipts are provided. I have been satisfied with the banking at this location. There is a branch located at my place of employment that makes it easy to access and conduct business. I do however wish the customer service was better.

Agree With Others

I have to agree with all previous post. Except the car repo that has not happen to me..Luckily my car is with another bank.  I have been with credit union since Eastern  and even when they went to SCCU the transfer was not this bad. 

I think I have finally gotten things straight but it's been awhile


Practice Safe Social Distancing From MID FLORIDA

Posted by: |

HORRIBLE!!! After applying for a savings account ,I began reading the reviews. They had sent me an email requesting address verification. I thought OK no big deal. Then I get the alert that they did a hard pull on the credit. FOR A SAVINGS ACCOUNT!!! Makes no sense, due to the fact there is no direct financial exposure to the institution as they haven't given you anything, you are giving them you money. I call the next morning and reach Perla to complain. She states that the credit department tells her that at the bottom of the page it says they will run your credit as a hard pull and there is nothing they can do..She further states that since the credit was pulled that the would not run it again for 30 days so I should go ahead and apply to move my credit cards from Navy Federal at 3.99%. I agree and not more than 5 minutes later, I get another alert that Mid Florida as ran another credit pull from Experian this time. LIES AND DECEPTION...Thrift complaint to follow.. I have account at NFCU, FC, and Vystar no problems. Then I get an email from Kelli stating that they are not going to approve my credit card application. SO if you want several wasted inquiries with no benefits, then this is the place you want to be.

Needless to say no one has replied I am closing the account today as quick as it was opened. If you want someone to help you, these are my recommendations.They don't lie and only pull you credit as you apply for LOANS NOT A SIMPLE SAVINGS ACCOUNT... STAY AWAY, RUN FAST, and practice safe social distancing from these clowns. There will be a complaint with the Office of Thrift Supervision with these clowns..

Kayla at Florida Credit Union
Alexis at Vystar Credit Union
Cindy at Navy Federal Credit Union
Larry at Tinker Federal Credit Union



Health Grade Components

NCUA #68600
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD7.51%
Annual Interest Income$80.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$4.98B$3.54B
LoansQ2 2020vs Q2 2019$3.37B$2.62B
DepositsQ2 2020vs Q2 2019$4.47B$2.99B
Equity CapitalQ2 2020vs Q2 2019$426.7MM$366.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$40.1MM$31.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$7.2MM$7.1MM
Real Estate OwnedQ2 2020vs Q2 2019$1.2MM$1.2MM
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Always verify rates and promotions with the bank or credit union. We are not MIDFLORIDA 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.

MIDFLORIDA Credit Union Savings Account Rates

1.00%*-$5kYouth Savings
OTHER TIERS: 0.01% $5k+
0.50%*-$4kHoliday Club
OTHER TIERS: 0.01% $4k+
0.25%--Extreme Yield
0.25%--Extreme Business Savings
0.01%--Business Savings
0.01%--IRA Savings
0.01%--Regular Savings
0.01%--Relationship Savings

MIDFLORIDA Credit Union Money Market Rates

0.01%--Business Money Market
0.01%--Money Market

MIDFLORIDA Credit Union Checking Account Rates

0.25%*-$10kInvestor Checking
OTHER TIERS: 0.05% $10k+
0.05%--Business Checking with Interest
0.01%$1.5k-Relationship Checking

MIDFLORIDA Credit Union CD Rates

0.50%$1k-49 - 60 Month Regular Certificate
0.40%$1k-37 - 48 Month Regular Certificate
0.30%$1k-25 - 36 Month Regular Certificate
0.25%$1k-19 - 24 Month Regular Certificate
0.20%$1k-13 - 18 Month Regular Certificate
0.10%$1k-12 Month Regular Certificate
0.10%$1k-6 Month Regular Certificate
0.05%$1k-3 Month Regular Certificate

MIDFLORIDA Credit Union IRA Rates

0.50%$1k-49 - 60 Month IRA Certificate
0.40%$1k-37 - 48 Month IRA Certificate
0.30%$1k-25 - 36 Month IRA Certificate
0.25%$1k-19 - 24 Month IRA Certificate
0.20%$1k-13 - 18 Month IRA Certificate
0.10%$1k-12 Month IRA Certificate
0.10%$1k-6 Month IRA Certificate
0.05%$1k-3 Month IRA Certificate


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