South Florida Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.40%	Money Market	2.10% - American Express National Bank High Yield Savings Account
0.15%	Savings	2.20% - Barclays Online Savings Account
0.55%	Money Market	2.10% - American Express National Bank High Yield Savings Account

View all South Florida Federal Credit Union rates »

Overview / Commentary

www.southfloridafcu.com

305-545-0744

1902 NW 14th Ave
Miami, FL 33125

South Florida Federal Credit Union is headquartered in Miami and is the 103^rd largest credit union in the state of Florida. It is also the 3,016^th largest credit union in the nation. It was established in 1978 and as of December of 2018, it had grown to 9 employees and 4,092 members at 2 locations. South Florida Federal Credit Union's money market rates are 25% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

If you live, work, worship, volunteer or attend school in, and businesses and other legal entities located in specific areas of Miami Dade County, you may be eligible for membership. Employees of VA Miami Medical Center, UM Hospital, Alterman Transport Lines, members of the Jewish Orthodox Community in South Florida and employees of other Select Employee Groups (SEGs) are eligible for membership as well.
See current membership details

View all posts from:

2013
2012
2011
Earlier

12/30 - Competitive 1-Year CD Rate at South Florida Federal Credit Union
2/1 - 2-Year IRA CD Special at South Florida FCU - Local Only

9/18 - Top CD and Money Market Rates at South Florida FCU - Local Only

6/28 - Higher CD Rates at South Florida Federal Credit Union - Local Only
1/11 - Special 1-Year CD Rate at South Florida FCU - Local Only

4/25/10 - Competitive 18-Month CD and Money Market Rates at South Florida FCU - Local Only
1/21/10 - 2.52% Money Market Account Continues at South Florida FCU - Local Only
11/20/09 - 2.52% Money Market Account Continues at South Florida FCU - Local Only
9/10/09 - 2.52% Money Market Account at South Florida Federal Credit Union - Local Only
7/10/09 - 2.36% 6-Month CD at South Florida FCU - Local Only
8/8/08 - 4.18% 6-Month / 4.18% 24-Month CD at a Florida CU (South Florida).
1/21/07 - 6.15% 24-Month / 6.05% 13-Month CD at a Florida CU (South Florida)

Reviews (1)

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Little Service At This Credit Union

Posted by: Anonymous | Feb 1, 2012

The management of this credit union lacks a sense of urgency. Their rates are decent, but sometimes you are in need of service more than a low rate.

Comment

Health

C+

Data as of Q4 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. South Florida Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	23041
Year Chartered	1978
Employees	9
Primary Regulator

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	5.99%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$26.8MM$33.6MM
Loans	Q4 2018vs Q4 2017	$20.4MM$23.7MM
Deposits	Q4 2018vs Q4 2017	$23.8MM$30.6MM
Equity Capital	Q4 2018vs Q4 2017	$3.0MM$2.8MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$242.00K$482.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$225.00K$171.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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