Puerto Rico Federal Credit Union is headquartered in Caparra and is the 3rd largest credit union in the state of PR. It is also the 1,279th largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 36 employees and 21,514 members at 1 location. Puerto Rico Federal Credit Union's CD rates are 11% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Puerto Rico Federal Credit Union is open to the following: (1) employees and members of the Ponce Museum of Art of Puerto Rico (MAP) or by contribution through a donation ($50 for individuals); (2) employees or partners of Sprint, AT&T, The Condado Plaza Hilton, Sistema de Salud Episcopal San Lucas, Open Mobile, San Juan Resort & Stellaris Casino Marriott, Marsh, Claro, Senado government of Puerto Rico; (3) retired and active employees, immediate family, and individuals who live, work, study, or congregate in San Juan.
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Best Credit Union At Puerto Rico
Excellent services and facilities.
Best Place For My Savings
I love my account in the Puerto Rico Federal Credit Union. I use it strictly for savings because it is out of the way for me and therefore impossible for me to access my funds if the temptation were to come around. I have a regular savings account, which used to be better, to be honest. I used to have an interest of 0.9% in that account, but in the course of a year they slowly lowered it to 0.5%, which made me look for options. They have pretty decent CD rates, which I was tempted with. A one year CD is valued at 1.00%, which tempted me, but I didn't particularly want to lock in my savings for that long in case an emergency came along. I settled on their Christmas Club, which had the same interest rate and automatically transferred my funds back to regular savings on November. Not bad. Also, I could make deposits during the year on which I could gain interest on. Bottom line, I've quadrupled my savings in the past three years by using this credit union's services. I'd suggest their services to anybody who lives in the metropolitan area in Puerto Rico.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13939 |
| Year Chartered | 1960 |
| Employees | 36 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 3.55% |
| Annual Interest Income | $5.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $151.2MM$146.6MM |
| Loans | Q4 2019vs Q4 2018 | $99.5MM$91.3MM |
| Deposits | Q4 2019vs Q4 2018 | $127.2MM$122.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $23.4MM$22.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $1.3MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $617.00K$567.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |