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

Related Posts

Midlife Has 5 Year 3.0% For Personal And Business Share Certificates - 7/3/2019

Midlife has 5 year 3.0% for personal and business share certificates

$200 Checking Account Bonus Is Back At MIDFLORIDA - 6/5/2019

Same terms as before: Get $200 cash when you open a new Free Checking account (with direct deposit) and get approved for a loan or credit card. https://www.midflorida.com/resources/other-resources/current-offers/$200-free-checking-offer/ No expiration date is listed, but they do say "for a limited time"

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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.

Reliable Credit Union

Posted by: Midflorida | Sep 8, 2016

I left my former bank and moved to Bank of America when they were advertising a $75 deposit for opening an account. The people were personable, and thorough in reviewing all of their benefits with me. I set up my account, and they allow a setting that doesn't allow you to overdraw and run up fees. Another bonus was setting up an early paycheck deposit, where I get it almost two days earlier than everyone I else. I have a savings and checking account, and it couldn't get any easier transferring funds around using the mobile app or the website. They're open later than normal banks, so there's more access to face to face service, and they have a drive through at nearly every location. They win my vote for being a good credit union. Literally only complaint would be the $2 they charge if you withdraw money from anywhere except their ATMs.

MidFlorida Credit Union Review

Posted by: Seeffer | Oct 24, 2017

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.

Midflorida Credit Union

Posted by: CFisher | Dec 5, 2019

Their help desk is always in call back mode, meaning they do not have sufficient employees to handle the incoming calls. The online account opening process is not user friendly and my accounts were never funded. I requested an electronic transfer which was within their stated guidelines. I spent over 1/2 calling to be told that a support ticket would be issued and that someone would phone me back. I never received a call back and oddly the next day the funds were deposited. I would not recommend them.



Health Grade Components

NCUA #68600
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.73%
Return on Equity - YTD16.03%
Annual Interest Income$98.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$3.61B$3.24B
LoansQ3 2019vs Q3 2018$2.66B$2.48B
DepositsQ3 2019vs Q3 2018$3.06B$2.73B
Equity CapitalQ3 2019vs Q3 2018$385.2MM$320.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$30.1MM$29.3MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$10.9MM$8.5MM
Real Estate OwnedQ3 2019vs Q3 2018$389.00K$1.1MM
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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

2.00%*-$4kHoliday Club
OTHER TIERS: 0.05% $4k+
1.50%--Extreme Yield
1.50%--Extreme Business Savings
1.00%*-$5kYouth Savings
OTHER TIERS: 0.05% $5k+
0.05%--Business Savings
0.05%--IRA Savings
0.05%--Regular Savings
0.05%--Relationship Savings

MIDFLORIDA Credit Union Money Market Rates

0.05%--Business Money Market
0.05%--Money Market

MIDFLORIDA Credit Union Checking Account Rates

1.00%*$100k*$1mBusiness Checking with Interest
OTHER TIERS: 0.05% Any amount
1.00%*-$10kInvestor Checking
OTHER TIERS: 0.05% $10k+
0.05%$1.5k-Relationship Checking

MIDFLORIDA Credit Union CD Rates

1.50%$1k-49 - 60 Month Regular Certificate
1.30%$1k-37 - 48 Month Regular Certificate
1.15%$1k-25 - 36 Month Regular Certificate
1.00%$1k-19 - 24 Month Regular Certificate
0.75%$1k-13 - 18 Month Regular Certificate
0.50%$1k-7 - 12 Month Regular Certificate
0.25%$1k-1 - 3 Month Regular Certificate
0.25%$1k-4 - 6 Month Regular Certificate

MIDFLORIDA Credit Union IRA Rates

1.50%$1k-49 - 60 Month IRA Certificate
1.30%$1k-37 - 48 Month IRA Certificate
1.15%$1k-25 - 36 Month IRA Certificate
1.00%$1k-19 - 24 Month IRA Certificate
0.75%$1k-13 - 18 Month IRA Certificate
0.50%$1k-7 - 12 Month IRA Certificate
0.25%$1k-1 - 3 Month IRA Certificate
0.25%$1k-4 - 6 Month IRA Certificate


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