Educational Federal Credit Union
Headquarters
7800 Sw 117th Ave
Miami, FL 33183
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2024 Overview
General Credit Union Information
Educational is an NCUA insured institution located in Miami, FL. It was founded in 1935 and has approximately $1607.11 millions in assets.
Who May Join the Credit Union?
Membership is available to the following individuals and groups.
Employees of:
Miami-Dade County Public Schools (M-DCPS)
Miami-Dade College (MDC)
United Teachers of Dade (UTD)
Charter Schools sponsored by Miami-Dade County Public Schools in Miami, FL
Balere Language Academy
Dade Christian School
Alliance for Early Care & Education
South Florida Educational FCU
Students of:
Miami-Dade County Public Schools (M-DCPS)
Miami-Dade College (MDC)
Balere Language Academy
Dade Christian School
Persons retired as pensioners or annuitants from the above employers.
Relatives of members as follows:
Spouse, Children (including stepchildren), Sibling (including step sibling), Parent (including stepparent), Grandparent, Grandchild, Adoptive relationships
Spouses of persons who died while within the field of membership of the credit union.
Persons living in the same residence and maintaining a single economic unit with another credit union member.
Organizations of people eligible for membership in this Credit Union.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 176 |
| Date Established | 1935 |
| Assets | $1,607.11 million |
| Loans | $834.44 million |
| Deposits | $1,368.48 million |
| Capital | $255.77 million |
Field of Membership Restrictions
Membership in South Florida Educational Federal Credit Union is open to employees and students and their families of Miami-Dade County Public Schools, Miami-Dade College, Christ Fellowship and Academy, Dade Christian School, Mater Academy East Charter Middle/High School, The Thinking Child Christian Academy, Charter Schools Sponsored by Miami-Dade Public Schools, and Balere Language Academy. Membership is also open to employees of United Teachers of Dade and members of Alliance for Early Care & Education.
Deposit Rates - April 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.25% | $100 | - |
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|
|
Money Market
|
0.05% | $0 | $2,499 |
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|
|
Money Market
|
0.15% | $2,500 | $24,999 |
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|
|
Money Market
|
0.15% | $25,000 | $49,999 |
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|
|
Money Market
|
1.01% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
5.13% | $1,000 | - |
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|
| 6 Mo CD
|
5.18% | $100,000 | - |
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|
| 9 Month
|
4.45% | $1,000 | - |
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|
| 9 Month Jumbo
|
4.50% | $100,000 | - |
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|
| 12 Mo CD
|
3.56% | $1,000 | - |
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|
| 12 Mo CD
|
3.61% | $100,000 | - |
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|
| 18 Mo CD
|
2.28% | $1,000 | - |
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|
| 18 Mo CD
|
2.33% | $100,000 | - |
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|
| 24 Mo CD
|
2.53% | $1,000 | - |
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|
| 24 Mo CD
|
2.58% | $100,000 | - |
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|
| 36 Mo CD
|
2.53% | $1,000 | - |
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|
| 36 Mo CD
|
2.84% | $100,000 | - |
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|
| 48 Mo CD
|
3.05% | $1,000 | - |
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|
| 48 Mo CD
|
3.10% | $100,000 | - |
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|
| 60 Mo CD
|
3.30% | $1,000 | - |
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|
| 60 Mo CD
|
3.35% | $100,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.55% | $0 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.05% | $0 | - | Learn More |
Loan Rates - April 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Educational
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Educational
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Branches
Below are Educational branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
EDUCATIONAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Educational Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Educational. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Educational | U.S. Average |
|---|---|
| 2.12% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Educational had $5,456,065 in non-current loans and $6,908 in owned assets. To cover these potential losses it had $255,768,986 in net worth and $2,005,661 in loans loss reserves. That gives it a Texas Ratio of 2.12%.
Net Worth
| Educational | U.S. Average |
|---|---|
| 15.91% | 13.62% |
Educational FCU has a net worth of 15.91% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Educational
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