P.O. BOX 1697
Tallahassee, FL 32302
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.40% →
1-Year CD 0.90% 1.15% →
2-Year CD 1.10% 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 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 $29.08 millions in assets.

NCUA Insured Yes
Charter Number # # 67561
Date Established 1991
Assets $29.08 million
Loans $17.02 million
Deposits $23.09 million
Capital $5.79 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 - July 4, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.20% $15 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.80% $500 - Learn More
12 Mo CD
0.90% $5,000 - Learn More
18 Mo CD
1.00% $500 - Learn More
24 Mo CD
1.10% $500 - Learn More
30 Mo CD
1.20% $500 - Learn More
36 Mo CD
1.30% $500 - Learn More
Variable IRA Rates APY MIN MAX
0.65% $20 - Learn MoreShow Less
Fixed IRA
0.90% $500 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

To upload and update your bank's rates please register. It is free to register and add rates.


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:

Florida Rural Electric Locations

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
0.38% 5.92

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 September 30, 2019, Florida Rural Electric had $9,379 in non-current loans and $13,160 in owned assets. To cover these potential losses it had $5,788,679 in net worth and $82,990 in loans loss reserves. That gives it a Texas Ratio of 0.38%.

Net Worth
Florida Rural Electric U.S. Average
19.9% 13.86%

Florida Rural Electric FCU has a net worth of 19.9% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Florida Rural Electric

Branches and Savings

What is Florida Rural Electric?

A federal credit union, registered with the NCUA under certificate #67561.
Learn more about credit unions here.

Is Florida Rural Electric FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Florida Rural Electric?

Please see Field of Membership information above for information on who is eligible to join.

What are Florida Rural Electric's share account and share certificate rates?

Florida Rural Electric's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Florida Rural Electric?

Florida Rural Electric has total capital of $5.79 million. Full information on Florida Rural Electric's financial position is located above.

Who owns Florida Rural Electric?

Credit Unions are owned by their members.

Where are Florida Rural Electric branches located?

See branch locations nearby.

Are Florida Rural Electric ATMs Open 24/7?

Do Florida Rural Electric ATMs accept cash deposits?

Can Florida Rural Electric customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Florida Rural Electric have a mobile app?

Does Florida Rural Electric have mobile deposit?

Does Florida Rural Electric have quick pay?

How can Florida Rural Electric transfer money to other banks or credit unions?

Does Florida Rural Electric report to credit bureaus?

Does Florida Rural Electric use Chexsystems?

Does Florida Rural Electric use Equifax?

What is Florida Rural Electric's toll free phone number?

What is Florida Rural Electric's ACH Routing Number?

What is Florida Rural Electric's SWIFT code?

Where can I find Florida Rural Electric's wire transfer form?

What is the Florida Rural Electric address for deposits?

What Products Does Florida Rural Electric Offer

Does Florida Rural Electric offer mortgages?

Compare mortgage rates here.

Does Florida Rural Electric offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Florida Rural Electric offer auto and RV loans?

Compare auto loan rates here.

Does Florida Rural Electric offer student loans or personal loans?

Compare personal loan rates here.

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