Feedback
Share
Link
Link copied!
Asset Brief
Florida Rural Electric Credit Union
Credit Union Finder
Explore
Search
Asset Brief
More
About Asset Brief
Copyright © 2022 assetbrief.com and Spring Launch Media LLC. All Rights Reserved.

All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Florida Rural Electric Credit Union Share
Link
Link copied!

Table of Contents
Map Loading...
Overview Share
Link
Link copied!
Back to Top

Florida Rural Electric Credit Union is a federally insured state credit union based in Tallahassee, Florida. It has been opened since 1991, for 31 years.

With around $29,040,000 in assets, Florida Rural Electric Credit Union is considered to be an average size credit union.

About Share
Link
Link copied!
Address P.O. Box 1697
Tallahassee, Florida 32302
Website http://www.frecu.org
Phone (850) 877-6168
Fax (850) 671-6627
CEO Paula Tuten
President of the Board John Bartley
Services Offered
Score Card Share
Link
Link copied!
Back to Top
31 years
Years in business
Opened in 1991
Well Capitalized
Net worth classification
Source: NCUA
3,702 members
Membership type: State chartered natural person credit union
Average number of members
411:1
Credit union member to staff ratio
411 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$29,036,417
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 7 in Florida
Above average number of branches
0.27%
Savings interest rate
Compared to 0.3% nationally
12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
Link
Link copied!
Back to Top
2 branches
Compared with an average of 4 nationally and 7 in Florida
Above average number of branches
Florida Rural Electric Credit Union Branch Locations

Florida Rural Electric Credit Union: Main Office
2916 Apalachee Parkway
Tallahassee, Florida 32301
No ATM
Members Share
Link
Link copied!
Back to Top
3,702 members
Membership type: State chartered natural person credit union
Average number of members

With 3,702 members, the Florida Rural Electric Credit Union is considered to be a medium size credit union. It is larger than 50% of credit unions.

Fees Share
Link
Link copied!
Back to Top
$36
Average fee per member
The average fee per member at the Florida Rural Electric Credit Union is $36, which is comparable to most credit unions. This rate is lower than 60% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Florida Rural Electric Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
Link
Link copied!
Back to Top
411:1
Credit union member to staff ratio
411 per each FTE employee
Compared to 411:1 nationally
Fewer staff
9 staff members
FTE (full-time equivalent)
36% of employees are part-time
7 full-time, 4 part-time

Florida Rural Electric Credit Union has 7 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 64% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Florida Rural Electric Credit Union has around 411 members per staff, a higher ratio compared to other credit unions.

Assets Share
Link
Link copied!
Back to Top
$29,036,417
Total assets
Average size
Net worth Share
Link
Link copied!
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
20.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
Link
Link copied!
Back to Top
$7,332
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 75% of credit unions.

Florida Rural Electric Credit Union holds a total of $18,240,000 in loans and leases, which is about $7,332 per member on average.

Savings interest rate Share
Link
Link copied!
Back to Top
0.27%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Florida Rural Electric Credit Union pays 0.27%.

Loan rates Share
Link
Link copied!
Back to Top
12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.39%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.27%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
Link
Link copied!
Back to Top
6.79%
New car loan rate
Compared to 4.0% nationally
7.29%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
Link
Link copied!
Back to Top
3.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.50%
Other real estate loan rates
Compared to 0.9% nationally

More Credit Unions

See all...
Achieva Credit Union
Credit Union: Well Capitalized Dunedin, Florida 161593.0 $2 billion Well Capitalized
Madison Education Assoc. Credit Union
Credit Union: Well Capitalized Madison, Florida 833.0 $6 million Well Capitalized
Broward Healthcare Credit Union
Credit Union: Well Capitalized Fort Lauderdale, Florida 9092.0 $72 million Well Capitalized
Florida State University Credit Union
Credit Union: Well Capitalized Tallahassee, Florida 25716.0 $223 million Well Capitalized
Campus Usa Credit Union
Credit Union: Well Capitalized Gainesville, Florida 113859.0 $2 billion Well Capitalized
City-County Employees Credit Union
Credit Union: Well Capitalized Clearwater, Florida 2833.0 $24 million Well Capitalized
Walton County Teachers Credit Union
Credit Union: Well Capitalized Defuniak Spring, Florida 3306.0 $21 million Well Capitalized
We Florida Financial Credit Union
Credit Union: Well Capitalized Margate, Florida 48004.0 $508 million Well Capitalized
First Choice Credit Union
Credit Union: Well Capitalized West Palm Beach, Florida 10432.0 $110 million Well Capitalized
Community South Credit Union
Credit Union: Well Capitalized Chipley, Florida 10606.0 $129 million Well Capitalized

Additional Credit Unions

See all...
Local 606 Electrical Workers Credit Union
Credit Union: Well Capitalized Orlando, Florida 407.0 $8 million Well Capitalized
Ecu
Credit Union: Well Capitalized Seminole, Florida 3528.0 $34 million Well Capitalized
My Pensacola Credit Union
Credit Union: Well Capitalized Pensacola, Florida 4937.0 $69 million Well Capitalized
Priority One Credit Union
Credit Union: Well Capitalized Sunrise, Florida 9844.0 $96 million Well Capitalized
Dade County Credit Union
Credit Union: Well Capitalized Sweetwater, Florida 97142.0 $754 million Well Capitalized
Compass Financial Credit Union
Credit Union: Well Capitalized Hialeah, Florida 2579.0 $21 million Well Capitalized
Connect Credit Union
Credit Union: Well Capitalized Fort Lauderdale, Florida 5860.0 $76 million Well Capitalized
Jetstream Credit Union
Credit Union: Well Capitalized Miami Lakes, Florida 19104.0 $194 million Well Capitalized
Metro North Credit Union
Credit Union: Well Capitalized Jacksonville, Florida 1596.0 $17 million Well Capitalized
Community First Credit Union of Flo
Credit Union: Well Capitalized Jacksonville, Florida 134886.0 $2 billion Well Capitalized

Additional Credit Unions

See all...
San Antonio Citizens Credit Union
Credit Union: Well Capitalized San Antonio, Florida 16317.0 $219 million Well Capitalized
Pinellas Credit Union
Credit Union: Well Capitalized Largo, Florida 12058.0 $123 million Well Capitalized
Midflorida Credit Union
Credit Union: Well Capitalized Lakeland, Florida 311824.0 $3 billion Well Capitalized
Emerald Coast Credit Union
Credit Union: Well Capitalized Port ST. Joe, Florida 5329.0 $58 million Well Capitalized
Farmers Credit Union
Credit Union: Well Capitalized Jacksonville, Florida 1309.0 $15 million Well Capitalized
Central Florida Educators Credit Union
Credit Union: Well Capitalized Lake Mary, Florida 160687.0 $2 billion Well Capitalized
Gulf States Credit Union
Credit Union: Well Capitalized Maitland, Florida 3524.0 $30 million Well Capitalized
Adventhealth Credit Union
Credit Union: Well Capitalized Altamonte Sprin, Florida 9495.0 $53 million Well Capitalized
Container Mutual Credit Union
Credit Union: Well Capitalized Fernandina Beac, Florida 838.0 $7 million Well Capitalized
Eglin Credit Union
Credit Union: Well Capitalized Fort Walton Bea, Florida 119427.0 $2 billion Well Capitalized

All of Asset Brief

See all...

Similar Credit Unions to Florida Rural Electric Credit Union

See all...
Florida Rural Electric Credit Union: Main Office
Credit Union Branch: 2916 Apalachee Parkway
Tallahassee, Florida 32301 No ATM
Florida Rural Electric Credit Union
Credit Union: Well Capitalized Tallahassee, Florida 3702.0 $29 million Well Capitalized
Florida Rural Electric Credit Union: Fl Rural Electric Credit Union ATM
Credit Union ATM: 1206 Linda Drive
Daingerfield, Texas 75638
General Electric Employees Credit Union: Juncos, Pr ATM
Credit Union ATM: 1856 3rd Street S. Suite 24S
Jacksonville Beach, Florida 32250
Local 606 Electrical Workers Credit Union
Credit Union: Well Capitalized Orlando, Florida 407.0 $8 million Well Capitalized
Florida Rural Electric Credit Union: Main Office ATM
Credit Union ATM: 4040 Bankhead Highway
Douglasville, Georgia 30134
Choptank Electric Coop Employ Credit Union: Choptank Electric Coop. Emp
Credit Union Branch: 10384 River Road
Denton, Maryland 21629 No ATM
Local 606 Electrical Workers Federal Credit Union
Credit Union Branch: 820 Virginia Drive
Orlando, Florida 32803 No ATM
Florida Rural Electric Credit Union: Fl Rural Electric Credit Union
Credit Union Branch: 7433 State Road 21
Keystone Heights, Florida 32656 No ATM
Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.