Grow Financial Federal Credit Union
Headquarters
9927 Delaney Lake Dr
Tampa, FL 33619
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Phone 800-839-6328
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 $3519.83 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 | $3,519.83 million |
| Loans | $2,646.94 million |
| Deposits | $2,881.94 million |
| Capital | $379.80 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 - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.15% | $1 | - |
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|
Money Market
|
1.11% | $0 | $24,999 |
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|
Money Market
|
1.56% | $25,000 | $49,999 |
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|
Money Market
|
1.76% | $50,000 | $99,999 |
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|
Money Market
|
1.97% | $100,000 | $249,999 |
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|
Money Market
|
2.17% | $250,000 | $499,999 |
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|
|
Money Market
|
2.38% | $500,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.07% | $500 | $99,999 |
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|
| 6 Mo CD
|
4.18% | $100,000 | - |
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| 12 Mo CD
|
5.01% | $500 | $99,999 |
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| 12 Mo CD
|
5.01% | $100,000 | - |
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| 18 Mo CD
|
4.59% | $500 | $99,999 |
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|
| 18 Mo CD
|
4.70% | $100,000 | - |
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|
| 24 Mo CD
|
4.59% | $500 | $99,999 |
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|
| 24 Mo CD
|
4.70% | $100,000 | - |
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| 30 Mo CD
|
3.92% | $500 | $99,999 |
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|
| 30 Mo CD
|
4.02% | $100,000 | - |
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|
| 36 Mo CD
|
4.02% | $500 | $99,999 |
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|
| 36 Mo CD
|
4.13% | $100,000 | - |
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|
| 48 Mo CD
|
4.02% | $500 | $99,999 |
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|
| 48 Mo CD
|
4.13% | $100,000 | - |
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|
| 60 Mo CD
|
4.07% | $500 | $99,999 |
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|
| 60 Mo CD
|
4.18% | $100,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.25% | $0 | - | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.50% | 5.50% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
7.01% | 6.88% | $1,154.65 | |
| 15 Year Loan
See Table |
7.10% | 7.00% | $898.83 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year | 3.49% | 3.49% | $454.68 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo See Amortization Table |
6.70% | 6.63% | $2,809.58 | |
| 15 Year Fixed Conforming See Amortization Table |
6.99% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.29% | 7.00% | $2,480.96 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.19% | 7.13% | $2,155.90 | |
| 30 Year Fixed Conforming See Amortization Table |
7.33% | 7.13% | $2,155.90 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo See Amortization Table |
6.70% | 6.63% | $2,809.58 | |
| 15 Year Fixed Conforming See Amortization Table |
6.99% | 6.63% | $2,809.58 | |
| 20 Year Fixed Conforming See Amortization Table |
7.29% | 7.00% | $2,480.96 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.19% | 7.13% | $2,155.90 | |
Compare with 6.734% APR and 6.625% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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| 30 Year Fixed Conforming See Amortization Table |
7.33% | 7.13% | $2,155.90 | |
|
Compare with 6.734% APR and 6.625% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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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:
Columbus,Ohio
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 |
|---|---|
| 8.48% | 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, Grow Financial had $32,741,861 in non-current loans and $1,470,982 in owned assets. To cover these potential losses it had $379,804,369 in net worth and $23,835,368 in loans loss reserves. That gives it a Texas Ratio of 8.48%.
Net Worth
| Grow Financial | U.S. Average |
|---|---|
| 10.74% | 13.62% |
Grow Financial FCU has a net worth of 10.74% 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 Grow Financial
Why did I get a loan with them?
November 30, 2020
I will never do business with grow again. Very dissatisfied as a client.
Is this review helpful? Yes:0 / No: 0
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