Miami Federal Credit Union
Headquarters
51 Sw 1st Avenue, Suite 604
Miami, FL 33130
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2024 Overview
General Credit Union Information
Miami is an NCUA insured institution located in Miami, FL. It was founded in 1954 and has approximately $45.32 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 9287 |
| Date Established | 1954 |
| Assets | $45.32 million |
| Loans | $29.52 million |
| Deposits | $37.04 million |
| Capital | $5.29 million |
Field of Membership Restrictions
Membership is open to employees of the U.S. government, military personnel headquartered in Miami-Dade, Broward or Monroe County, and employees of Capital Grill Restaurant, Bethel Apostolic Temple, Henderson Clinic, Economic Opportunities Family Health Center, Inc., First Church of North Miami Congregational, Tools for Change, Church of the Open Door, Health Systems Agency of South Florida, Inc., or IXE Dollar Express, Inc..
Deposit Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.15% | $1,001 | $4,999 |
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|
| Share
|
0.20% | $5,000 | $9,999 |
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|
| Share
|
0.25% | $10,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $200 | - |
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|
| 6 Mo CD
|
0.50% | $10,000 | - |
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|
| 12 Mo CD
|
0.50% | $200 | - |
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|
| 12 Mo CD
|
0.60% | $10,000 | - |
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|
| 18 Mo CD
|
0.55% | $200 | - |
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|
| 18 Mo CD
|
0.70% | $10,000 | - |
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|
| 24 Mo CD
|
0.60% | $200 | - |
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|
| 24 Mo CD
|
0.75% | $10,000 | - |
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|
| 30 Mo CD
|
0.65% | $200 | - |
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|
| Jumbo 30 Month
|
0.80% | $10,000 | - |
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|
| 30 Mo CD
|
0.90% | $50,000 | - |
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|
| 60 Mo CD
|
0.70% | $200 | - |
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|
| 60 Mo CD
|
1.00% | $50,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.15% | $0 | - | Learn More |
Loan Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Miami
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 2578474 |
6.494% | 6.375% | 0.88 | $4,010 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.955% | 6.875% | 0.63 | $2,594 | $2,103 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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More Info |
Achieve Loans See Table |
Intro APR 10.625 % After Intro: 10.625 % |
$0 |
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More Info |
Note to Miami
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Branches
Below are Miami 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
Miami Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 968.15 | A | View Lobby Hours | |
| 991.23 | B | View Lobby Hours | |
| 991.25 | C | View Lobby Hours | |
| 991.55 | D | View Lobby Hours |
Climate Policy and Initiatives
MIAMI 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
Miami Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Miami. 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
| Miami | U.S. Average |
|---|---|
| 3.42% | 5.83 |
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 June 30, 2024, Miami had $171,636 in non-current loans and $11,795 in owned assets. To cover these potential losses it had $5,286,046 in net worth and $80,172 in loans loss reserves. That gives it a Texas Ratio of 3.42%.
Net Worth
| Miami | U.S. Average |
|---|---|
| 11.66% | 13.93% |
Miami FCU has a net worth of 11.66% versus the BestCashCow average of 13.93. 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 Miami
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