Power Financial Credit Union is headquartered in Pembroke Pines and is the 27th largest credit union in the state of Florida. It is also the 442nd largest credit union in the nation. It was established in 1951 and as of September of 2022, it had grown to 138 employees and 33,288 members at 9 locations. Power Financial Credit Union has an A health rating.
Power Financial Credit Union is open to those who live or work in Monroe, Miami-Dade, Broward, Palm Beach, Manatee, Hillsborough, Sarasota, Pinellas or Martin Counties, or are employed by a member of our Select Employee Group.
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Yes they often mail out bonuses to open accts to locals, but WATCH OUT! This CU alone with Pan AM Horizions now Power Financial Credit Union, are full of tricks and traps. Their car loans, acct fees and other tricks and traps are all aimed to take advantage of ill informed account holders. Be careful! Avoid loans or even openning an accoutn with Power Finanical FCU.
I have used then several times as a service proveder for my Massachusetts Credit Union. We used the branch on route 1 in North palm Beach. Each time the service got worse. It takes more than 15 minutes to cash a check. Each teller has different rules they operate by. Branch management doesn't care about different standards....and defends their inconsistant practices. I can only speak for this branch. They are out of touch with the 21st century with their archaic check cashing procedures and documentation requirements and verification do-loops. Lines are long for obvious reasons. Some tellers are lackadaisical and sometimes arrogant. Branch management can be outright rude. We will not use them again. Customers deserve better than this branch offers.
|Return on Assets - YTD||0.65%|
|Return on Equity - YTD||7.95%|
|Annual Interest Income||$19.4MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$947.2MM$926.8MM|
|Loans||Q3 2022vs Q3 2021||$608.8MM$568.5MM|
|Deposits||Q3 2022vs Q3 2021||$829.7MM$789.1MM|
|Equity Capital||Q3 2022vs Q3 2021||$78.2MM$87.0MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$3.0MM$2.0MM|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$785.00K$4.1MM|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$0|
Rates for Power Financial Credit Union are currently being reviewed.
|Power Financial Credit Union Locations|
|Branch Office||8228 Mills Dr||Kendall, FL 33183-4805|
|Branch Office||2020 NW 150th Ave||Pembroke Pines, FL 33028-2889|
|Branch Office||12575 US Highway 1||Juno Beach, FL 33408|
|Branch Office||33004 S Dixie Hwy||Florida City, FL 33034-5612|
|Branch Office||1100 NW 95th St||Miami, FL 33150-2038|
|Branch Office||11690 NW 105th St||Medley, FL 33178-1103|
|Branch Office||5061 W Atlantic Ave||Delray Beach, FL 33484-8130|
|Branch Office||2100 E Hallandale Beach Blvd||Hallandale Beach, FL 33009|
|Branch Office||8850 W Oakland Park Blvd||Sunrise, FL 33351-7218|