Addition Financial is headquartered in Lake Mary and is the 11th largest credit union in the state of Florida. It is also the 164th largest credit union in the nation. It was established in 1937 and as of March of 2025, it had grown to 445 employees and 190,162 members at 26 locations. Addition Financial has an A health rating.
Field of Membership Restrictions
Membership in Addition Financial is open to those who live, work, worship, volunteer, attend school or vocational training, or is an alumni of any college, university, or educational institution located in the Florida counties of Alachua, Brevard, Duval, Flagler, Hernando, Highlands, Hillsborough, Indian River, Lake, Manatee, Marion, Martin, Okeechobee, Pasco, Pinellas, Polk, Orange, Osceola, St. Johns, St. Lucie, Sarasota, Seminole, Sumter, or Volusia.
See current membership details
Misleading Promotions
They advertised a CD promotion but don't disclose the entire details to the public. After opened few CDs now this bank won't honor them as the employee didn't do his job properly to disclose was only 1 permitted per account. Any company make a mistake they take ownership and resolve it without hurting the customer. If you over draft your account your mistake the bank charges you the Overdraft fee and you have to pay for your mistake. OH NOT THEM. They will not take ownership of their mistake and I ended up paying for their mistake. Moving all my savings to a better bank. Watch it they are only for your money! they don't care for you. Last past 2 years they have declined on customer service so bad, the people working there no longer has knowledge of procedures any more.
At Least They Coded For Y2k...
Avoid this "member-run credit union" headed by venture capitalists intent on extracting member value. Fees? You like paying fees? This "credit union" has 'em. Need assistance with your account and get transferred to the legal department? Great! Addition Financial's attorney will now tell you to commingle funds between business and personal accounts to cover their erroneous fees. Give it a try if you're unlucky enough to have open accounts here in 2022 and beyond. To everyone else: avoid this antiquated cesspool of crappy system code and moronic, short-sighted leadership unless you’re into that sort of thing. No judging, it’s cool. Good luck though because you’ll need it.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68702 |
| Year Chartered | 1937 |
| Employees | 445 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.58% |
| Return on Equity - YTD | 17.71% |
| Annual Interest Income | $30.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $2.83B$2.98B |
| Loans | Q1 2025vs Q1 2024 | $1.69B$1.98B |
| Deposits | Q1 2025vs Q1 2024 | $2.56B$2.43B |
| Equity Capital | Q1 2025vs Q1 2024 | $247.8MM$206.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $41.1MM$51.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $12MM$12.9MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
