Grow Financial Federal Credit Union

Headquarters

9927 Delaney Lake Dr
Tampa, FL 33619
See all branch locations →

Phone 800-839-6328

Notable Rates APY Vs.Others
Savings 0.15% 5.50% →
1-Year CD 5.01% 5.38% →
2-Year CD 4.70% 4.95% →
5-Year CD 4.18% 4.55% →
30-Year Mortgage 7.33% 4.91% →
15-Year Mortgage 6.99% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Grow Financial is an NCUA insured institution located in Tampa, FL. It was founded in 1955 and has approximately $3720.69 millions in assets.

Who can join?

Anyone who falls into one of the following categories can join...

Employee of approved Select Employee Groups

Immediate family member of an existing member

Resident of the same household of an existing member

Active & Retired Military

MacDill Air Force Base Civilian Personnel


You can also become a member of Grow Financial by joining the Friends of Military Families, LLC, which will make you eligible for membership.

NCUA Insured Yes / Federally Chartered
Charter Number # # 9976
Date Established 1955
Assets $3,720.69 million
Loans $2,643.31 million
Deposits $2,897.03 million
Capital $387.45 million
 

Field of Membership Restrictions

Membership in Grow Financial Federal Credit Union is open to active and retired military and their family. Membership is also open to civilian employees of MacDill Air Force Base and other Select Employer Groups

Deposit Rates - July 23, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
0.15% $1 - Learn More
Money Market
1.11% $0 $24,999 Learn More
Money Market
1.56% $25,000 $49,999 Learn More
Money Market
1.76% $50,000 $99,999 Learn More
Money Market
1.97% $100,000 $249,999 Learn More
Money Market
2.17% $250,000 $499,999 Learn More
Money Market
2.38% $500,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
4.07% $500 $99,999 Learn More
6 Mo CD
4.18% $100,000 - Learn More
12 Mo CD
5.01% $500 $99,999 Learn More
12 Mo CD
5.01% $100,000 - Learn More
18 Mo CD
4.59% $500 $99,999 Learn More
18 Mo CD
4.70% $100,000 - Learn More
24 Mo CD
4.59% $500 $99,999 Learn More
24 Mo CD
4.70% $100,000 - Learn More
30 Mo CD
3.92% $500 $99,999 Learn More
30 Mo CD
4.02% $100,000 - Learn More
36 Mo CD
4.02% $500 $99,999 Learn More
36 Mo CD
4.13% $100,000 - Learn More
48 Mo CD
4.02% $500 $99,999 Learn More
48 Mo CD
4.13% $100,000 - Learn More
60 Mo CD
4.07% $500 $99,999 Learn More
60 Mo CD
4.18% $100,000 - Learn More
Variable IRA Rates APY MIN MAX
VIRA
0.25% $0 - Learn MoreShow Less

Loan Rates - July 23, 2024

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 3.49% 3.49% $454.68
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Below are Grow Financial 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:
Ashburn,Virginia



Climate Policy and Initiatives

GROW FINANCIAL 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

Grow Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Grow Financial. 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
Grow Financial U.S. Average
7.29% 6.52

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 March 31, 2024, Grow Financial had $28,396,594 in non-current loans and $1,598,546 in owned assets. To cover these potential losses it had $387,448,962 in net worth and $23,835,368 in loans loss reserves. That gives it a Texas Ratio of 7.29%.

Net Worth
Grow Financial U.S. Average
10.37% 13.65%

Grow Financial FCU has a net worth of 10.37% versus the BestCashCow average of 13.65. 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 Grow Financial


  • November 30, 2020

    I will never do business with grow again. Very dissatisfied as a client.


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