Featured Savings Rates
Featured Accounts


Popular Accounts at this Credit Union

1.00%4-year CD49 - 60 Month Regular Certificate
0.75%3-year CD37 - 48 Month Regular Certificate
0.50%2-year CD25 - 36 Month Regular Certificate

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, attend school or worship in 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 and in zip codes 32908, 32949, 32909, or 32976 in Brevard County.
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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.

Glad I switched

About a year and half ago I switch banks solely for convenience. MidFlorida Credit Union locations are more convenient for me personally, that was the only reason I switched. However, what I have discovered is that I really do like MidFlorida much better than my previous bank. The hours of operation are much better. The staff is more helpful and just knew the answers to the questions I ask when opening my accounts. They could explain the details with out having to look them up. I wanted detailed information on the types of checking accounts and the fees involved. The were very knowledgeable and helpful. Once I had a mobile deposit that didn't show up in my checking account. When I called the answered quickly and took the time to research the matter and got back with me very quickly correcting the error. I was very impressed with the way the handled the entire thing. In know way did they indicate that they expected the error to be on my part. They were respectful and professional.

Love This Banking Experience

A couple of years ago I switched banks to MidFlorida Credit Union for the location convenience. It has been a great experience. Setting up my checking and savings at the branch was seamless. Each time I visit my branch the people are curious, helpful and efficient. More importantly, they all really know what they are doing. I do a great deal of banking online. The security set up is much more involved than any other bank I've dealt with. Yet, it is very user friendly and functions well. My checking and savings accounts have no monthly fees. Over all, I'm really glad I made the switch. I didn't expect to find a better banking experience, just a more convenient one. So, it was a pleasant surprise to find I truly like banking at MidFlorida Credit Union better than any other bank I have used.

Special Cds

This CU has a history of special CDs if you wait for them. The 3-yr and 5-yr step-up CDs are listed here. They also have a Christmas Club that you can use as a one-year CD. The one that pays out in November 2015 pays 2% on up to $4,000. The November 2014 one paid 3% on up to $3,000. These do not roll-over; you can add to them during the year (as with a typical Christmas Club), or invest all at once.

Very friendly. Good checking, ATM, safe deposit.



Health Grade Components

NCUA #68600
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD11.94%
Annual Interest Income$39.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.53B$2.24B
LoansQ2 2016vs Q2 2015$1.86B$1.57B
DepositsQ2 2016vs Q2 2015$2.04B$1.82B
Equity CapitalQ2 2016vs Q2 2015$244.4MM$214.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$20.3MM$22.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$4.8MM$8.5MM
Real Estate OwnedQ2 2016vs Q2 2015$782.00K$582.00K
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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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

MIDFLORIDA Credit Union Savings Account Rates

2.00%*-$4kHoliday Club
OTHER TIERS: 0.05% $4k+
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
0.05%--Roth IRA Savings

MIDFLORIDA Credit Union Money Market Rates

0.05%$1k-Business Money Market
0.05%--Money Market

MIDFLORIDA Credit Union Checking Account Rates

1.00%*-$10kInvestor Checking
OTHER TIERS: 0.05% $10k+
0.05%$1,500-Relationship Checking
0.00%--Business Checking with Interest

MIDFLORIDA Credit Union CD Rates

1.00%$1k-49 - 60 Month Regular Certificate
0.75%$1k-37 - 48 Month Regular Certificate
0.50%$1k-25 - 36 Month Regular Certificate
0.30%$1k-19 - 24 Month Regular Certificate
0.20%$1k-13 - 18 Month Regular Certificate
0.15%$1k-12 Month Regular Certificate
0.10%$1k-6 Month Regular Certificate
0.05%$1k-3 Month Regular Certificate

MIDFLORIDA Credit Union IRA Rates

1.00%$1k-49 - 60 Month IRA Certificate
0.75%$1k-37 - 48 Month IRA Certificate
0.50%$1k-25 - 36 Month IRA Certificate
0.30%$1k-19 - 24 Month IRA Certificate
0.20%$1k-13 - 18 Month IRA Certificate
0.15%$100-12 Month IRA Certificate
0.10%$1k-6 Month IRA Certificate
0.05%$1k-3 Month IRA Certificate

MIDFLORIDA Credit Union has 41 locations. Click to view all MIDFLORIDA Credit Union locations.