South Florida Educational Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

7800 Sw 117th Ave, Miami, FL 33183-3825

Website

(305) 270-5200

Data Source: NCUA, December 31, 2016


South Florida Educational Federal Credit Union was founded in 1935. Headquartered in Miami, Florida, South Florida Educational Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). South Florida Educational Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, South Florida Educational Federal Credit Union services 76,006 members through its 7 offices and branches and 215 full-time and 34 part-time employees. It has $1,019,680,735 of total assets and $197,196,536 of net worth. Based on its asset size and net worth ratio, South Florida Educational Federal Credit Union is classified as a Well Capitalized large credit union.

South Florida Educational Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. South Florida Educational Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of South Florida Educational Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Florida and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Florida
Median of USA
Checking
0.1500
0.0000
0.0000
Savings
0.2500
0.1500
0.1200
Money Market
0.3000
0.3000
0.2500
Certificate Deplit
0.4500
0.6100
0.5800
IRA
0.5500
0.4350
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Florida
National Median Rates
Credit Cards
9.7500
10.0000
9.9900
Unsecured Line of Credits
9.4900
11.2800
10.9500
Short-term Small Amount
n/a
24.0000
25.0000
Student Loans
n/a
5.9750
6.0200
New Car Loans
3.2400
3.2600
3.3300
Used Car Loans
3.7400
4.4350
4.5000
1st Mortgage Real Estates
4.2500
4.5000
4.2500
Other Real Estates
5.9900
5.0000
4.7000

South Florida Educational Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by South Florida Educational Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, South Florida Educational Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
27th Avenue Branch
2310 Sw 27th Ave
Miami, FL 33145-3642
Phone:305-270-6640

Downtown
1498 Ne 2nd Ave
Miami, FL 33132
Phone:305-379-0621

Homestead
16460 Sw 304th St
Homestead, FL 33033-3260
Phone:305-248-8006

Kendall
Main Office

7800 Sw 117th Ave
Miami, FL 33183-3825
Phone:305-270-5200

Kendall
7800 Sw 117th Ave
Miami, FL 33183-3825
Phone:305-270-5200

Miami Gardens
18975 Nw 2nd Ave
Miami, FL 33169
Phone:305-914-3939

Miami Lakes
5890 Nw 158th St
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Phone:305-556-4311

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17500 S Dixie Hwy
Miami, FL 33157
Phone:305-964-4000

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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