Florida Rural Electric Credit Union
Headquarters
P.o. Box 1697
Tallahassee, FL 32302
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2024 Overview
General Credit Union Information
Florida Rural Electric is an NCUA insured institution located in Tallahassee, FL. It was founded in 1991 and has approximately $27.78 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 67561 |
| Date Established | 1991 |
| Assets | $27.78 million |
| Loans | $21.63 million |
| Deposits | $21.80 million |
| Capital | $6.04 million |
Field of Membership Restrictions
Florida Rural Electric Credit Union in Tallahassee is open to the current and past affiliated cooperative companies, along with the employees and members of the Florida Electric Cooperative and their family members.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.20% | $2,500 | $3,499 | Learn More |
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Florida Rural Electric
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: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 1907 |
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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 |
Learn More
More Info |
Note to Florida Rural Electric
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Branches
Below are Florida Rural Electric 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
FLORIDA RURAL ELECTRIC 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
Florida Rural Electric Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Florida Rural Electric. 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
| Florida Rural Electric | U.S. Average |
|---|---|
| 2.41% | 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, Florida Rural Electric had $133,798 in non-current loans and $13,160 in owned assets. To cover these potential losses it had $6,039,410 in net worth and $59,303 in loans loss reserves. That gives it a Texas Ratio of 2.41%.
Net Worth
| Florida Rural Electric | U.S. Average |
|---|---|
| 21.74% | 13.62% |
Florida Rural Electric FCU has a net worth of 21.74% 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 Florida Rural Electric
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