Educational Federal Credit Union

Headquarters

7800 Sw 117th Ave
Miami, FL 33183
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.02% →
1-Year CD 0.40% 1.45% →
2-Year CD 0.50% 2.31% →
5-Year CD 1.00% 3.00% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Educational is an NCUA insured institution located in Miami, FL. It was founded in 1935 and has approximately $1606.98 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 $1,606.98 million
Loans $615.97 million
Deposits $1,355.69 million
Capital $239.44 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 - May 17, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.55% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - May 17, 2022

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
4.975% 4.875% 0.75 $2,868 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
3.490 %
After Intro: 4.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

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


 

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:
Fairfield,Connecticut


Educational Locations



Climate Initiatives

EDUCATIONAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
0.30% 4.85

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, 2021, Educational had $694,837 in non-current loans and $35,660 in owned assets. To cover these potential losses it had $239,438,541 in net worth and $1,192,637 in loans loss reserves. That gives it a Texas Ratio of 0.30%.

Net Worth
Educational U.S. Average
14.89% 12.36%

Educational FCU has a net worth of 14.89% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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