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 the Florida counties of Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Columbia, Dixie, DeSoto, Duval, Flagler, Franklin, Gadsden, Gilchrist, Glades, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Martin, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwanee, Taylor, Union, Volusia, or Wakulla.
See current membership details
Related Posts
6/5 - $200 Checking Account Bonus Is Back At MIDFLORIDA
5/27 - 3.00% 5Yr CD & 1.50% Savings Account - MIDFLORIDA Credit Union
11/6/17 - MIDFLORIDA Credit Union Adds Limited-Time 5-Year CD
10/17/17 - $200 Checking Bonus - MIDFLORIDA
3/14/17 - MIDFLORIDA CU Celebrates Merger With 5-Year CD
3/13/17 - MIDFLORIDA CU: 2.50% 5-Year CD Special
3/6/17 - MIDFLORIDA CU: Up To $500 Bonuses For Business And Personal Checking Accounts
2/11/17 - MIDFLORIDA CU: Investor Checking 1% Up To $10,000 Plus $77 Bonus
7/10/15 - MIDFLORIDA CU Has Limited Time, Top Rate 36-Month CD
4/23/15 - MIDFLORIDA CU Offers Limited Time, High Rate 60-Month Step Up CD
3/8/12 - $77 Checking Account Bonus at MIDFLORIDA Credit Union - Local Only
5/18/11 - Top CD Rates & Checking Account Bonus at MIDFLORIDA Credit Union - Local Only
4/16/10 - Checking Account Bonus & CD Deals at MIDFLORIDA Credit Union - Local Only
11/15/07 - 6.00% 6-Month CD at a Florida CU - and a $77 Checking Bonus (MidFlorida)
3/26/07 - 6% 6-Month CD at a Florida CU - $20K Max (MIDFLORIDA)
11/17/06 - 5.75% 60-Month CD at a Florida CU (Bay Gulf)
8/27/06 - 6.00% 6-Month CD at a Florida CU and $50 Checking Account Bonus (MIDFLORIDA)
Midflorida
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
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
Line Of Credit
Mid Florida Credit Union discriminates against some of us and there 5 star rating is a lie. We applied for a line of credit $ 50000.00 ,our home is worth $228000.00 our outstanding mortgage is $73000.00 or income is $4200.00 a month, our bills are $1200.00 a month. We have excellent credit 820 plus with 0 late payment we more then qualify for a loan of that amount however Mid Florida turned us down no explanation given no counter offer made. Mid Florida did the same last year, now we have both hard inquiry on our record, we been good customers for over ten years and all Mid Florida did is use our money for their gain. Shame on them
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68600 |
| Year Chartered | 1954 |
| Employees | 1163 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 14% |
| Annual Interest Income | $287.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $7.52B$6.61B |
| Loans | Q4 2023vs Q4 2022 | $5.92B$5.51B |
| Deposits | Q4 2023vs Q4 2022 | $6.43B$5.86B |
| Equity Capital | Q4 2023vs Q4 2022 | $714.5MM$620.8MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $66.5MM$34.7MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $21.1MM$10.4MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $474K$474K |
