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


Not A Good Bank.

Posted by: |

I just moved to Florida and was looking for a bank. I talked to a representative to this bank and she was pretty rude. I just wanted to setup a free checking. I filled out the application and found out it wasn't free like they said. It costed me 55.00. A few hours later I got a message saying they had denied me due to credit score. I never heard of a bank deny someone from a free checking account due to credit score. So now my other credit union bank that I've been with for 20+ years has a hold put on the 55.00. My opinion to anyone is to avoid this bank. Reading other reviews on other sites it would seem being rude and causing other problems is what they do best.



Health Grade Components

NCUA #68600
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD13.41%
Annual Interest Income$90.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$6.70B$5.79B
LoansQ2 2022vs Q2 2021$5.08B$4.16B
DepositsQ2 2022vs Q2 2021$6.05B$5.25B
Equity CapitalQ2 2022vs Q2 2021$572.6MM$487.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$27.8MM$47.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$5.3MM$4.9MM
Real Estate OwnedQ2 2022vs Q2 2021$0$474.00K
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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+
0.55%*$250k*-Extreme Yield
OTHER TIERS: 0.35% Up to $50k | 0.45% $50k - $250k
0.55%*$250k*-Extreme Business Savings
OTHER TIERS: 0.45% Up to $250k
0.50%*-$4kHoliday Club
OTHER TIERS: 0.01% $4k+
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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