PriorityONE Credit Union of Florida is headquartered in Sunrise and is the 63rd largest credit union in the state of Florida. It is also the 1,523rd largest credit union in the nation. It was established in 1991 and as of December of 2023, it had grown to 33 employees and 9,848 members at 2 locations. PriorityONE Credit Union of Florida's CD rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in PriorityONE Credit Union of Florida is open to the following: 1) those who live or work in Broward, Palm Beach or Miami-Dade Counties, Florida; 2) Federal, Postal or Professional employees, trade groups or associations who live in Florida; 3) immediate family of existing members.
See current membership details
A Great Local Credit Union
After having terrible experiences with two very large nationally known American banks (hint, hint) I had quite enough.
After much research I found PriorityONE in Sunrise, which serves postal workers, and others. Their bank ratings are superior, and their Texas Ratio is excellent. They are well positioned to survive the current economic downturn.
I especially have been impressed with their long term employees who I have come to know on a first name basis and vice versa.
At one point I had some very specific questions which earned me a call from the CEO herself, who took considerable time to fully answer my questions and concerns.
I often use their web banking, which has been a godsend, as I am notified immediately by text when any charges or credits occur. Perfect for me.
I would also point out that the post office employees are not likely to lose their jobs which adds even more stability and confidence in these troubled times.
Couldn't possibly rate them any higher...
Coin Cashing Issue
We visited Priority One Credit Union this morning with
rolled coins and was told we had to write our account number on all of the rolled coins and we had to deposit it. Didn't know we were still in the days of being told what to do with our money. The teller kept asking us if we were members after already telling her we were. So backwards. We left and went to the bank and had no issues.
Approved, Not Approved
Applied online for membership. Received email with new member number. They later started requesting tax returns and proof of residence and pay stubs. Complete waste of time. I decided to go else where.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67444 |
| Year Chartered | 1991 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 14.24% |
| Annual Interest Income | $6.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $141.7MM$139.5MM |
| Loans | Q4 2023vs Q4 2022 | $110.8MM$102.5MM |
| Deposits | Q4 2023vs Q4 2022 | $127.6MM$123.3MM |
| Equity Capital | Q4 2023vs Q4 2022 | $12.6MM$10.7MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $794K$304K |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $192K$199K |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |