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Grow Financial Credit Union

Overview
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Grow Financial Credit Union is a federal credit union based in Tampa, Florida. It has been opened since 1955, for 65 years.

With around $2,534,530,000 in assets, Grow Financial Credit Union is considered to be a very large credit union. It has 27 branches and 27 ATM locations.

About
Address 9927 Delaney Lake Drive
Tampa, Florida 33619
Website http://www.growfinancial.org
Phone (813) 837-2451
Fax (813) 832-3619
CEO Robert L. Fisher
President of the Board Robert Laplant
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
202,842 members
Membership type: Multiple common bond – primary military
Above average number of members
374:1
Credit union member to staff ratio
374 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$2,534,525,632
Total assets
Above average
27 branches
Compared with an average of 4 nationally and 7 in Florida
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
13.49%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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27 branches
Compared with an average of 4 nationally and 7 in Florida
Above average number of branches
Grow Financial Credit Union Branch Locations

Grow Financial Credit Union: Largo Branch
10801 Starkey Road Suite 103
Largo, Florida 33777
ATM Available
Grow Financial Credit Union: Wescott Branch
9514 Dorchester Road Suite 102
Summerville, South Carolina 29485
ATM Available
Grow Financial Credit Union: Wesley Chapel
2579 Bruce B. Downs Boulevard
Wesley Chapel, Florida 33544
ATM Available
Grow Financial Credit Union: Sandhill
163 Forum Drive Suite 1
Columbia, South Carolina 29229
ATM Available
Grow Financial Credit Union: Downton Park Towers Branch
404 North Tampa Street
Tampa, Florida 33602
ATM Available
Grow Financial Credit Union: Street Petersburg Branch
7301 Drive Martin Luther King Jr Street North
Saint Petersburg, Florida 33702
ATM Available
Grow Financial Credit Union: Summerville Branch
1585 Central Avenue Unit C1
Summerville, South Carolina 29483
ATM Available
Grow Financial Credit Union: Carrollwood Branch
13305 North Dale Mabry Highway
Tampa, Florida 33618
ATM Available
Grow Financial Credit Union: Headquarters
9927 Delaney Lake Drive
Tampa, Florida 33619
ATM Available
Grow Financial Credit Union: Pasco Branch
6121 State Road 54
New Port Richey, Florida 34653
ATM Available
Grow Financial Credit Union: Bloomingdale Branch
604 E. Bloomingdale Avenue
Brandon, Florida 33511
ATM Available
Grow Financial Credit Union: New Tampa Branch
17315 Dona Michelle Drive
Tampa, Florida 33647
ATM Available
Grow Financial Credit Union: Pinellas Park Branch
6900 Park Boulevard North
Pinellas Park, Florida 33781
ATM Available
Grow Financial Credit Union: Lakewood Ranch Branch
11008 Arcade Pl
Bradenton, Florida 34211
ATM Available
Grow Financial Credit Union: Busch Boulevard Branch
5250 E. Busch Boulevard
Temple Terrace, Florida 33617
ATM Available
Grow Financial Credit Union: Gandy Branch
4502 W. Gandy Boulevard
Tampa, Florida 33611
ATM Available
Grow Financial Credit Union: Sheldon Road Branch
8314 Sheldon Road
Tampa, Florida 33615
ATM Available
Grow Financial Credit Union: Lutz Branch
17679 North Dale Mabry Highway
Lutz, Florida 33548
ATM Available
Grow Financial Credit Union: Centre Point Branch
4018 14th Street W.
Bradenton, Florida 34205
ATM Available
Grow Financial Credit Union: Mariner Commons Branch
4122 Mariner Boulevard
Spring Hill, Florida 34609
ATM Available
Grow Financial Credit Union: Main Base Branch
2418 Florida Keys Avenue
Building 102
Tampa, Florida 33621
ATM Available
Grow Financial Credit Union: Hyde Park
315 S. Boulevard
Tampa, Florida 33606
ATM Available
Grow Financial Credit Union: Brandon Branch
1009 Providence Road
Brandon, Florida 33511
ATM Available
Grow Financial Credit Union: Gulf to Bay Branch
2768 Gulf to Bay Boulevard
Clearwater, Florida 33759
ATM Available
Grow Financial Credit Union: Devine Branch
2710 Devine Street
Columbia, South Carolina 29205
ATM Available
Grow Financial Credit Union: Lexington Branch
805 Highway 378
Lexington, South Carolina 29072
ATM Available
Grow Financial Credit Union: Clearwater Branch
2474 State Road 580
Clearwater, Florida 33761
ATM Available
Grow Financial Credit Union: Sc Headquarters
163 Forum Drive Suite 3
Columbia, South Carolina 29229
No ATM
Members
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202,842 members
Membership type: Multiple common bond – primary military
Above average number of members

With 202,842 members, the Grow Financial Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 98% of credit unions.

Fees
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$79
Average fee per member
The average fee per member at the Grow Financial Credit Union is $79, which is high compared to most credit unions. This rate is higher than 73% of all credit unions.
Fees are higher than 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 Grow Financial Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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374:1
Credit union member to staff ratio
374 per each FTE employee
Compared to 411:1 nationally
Average number of staff
543 staff members
FTE (full-time equivalent)
5% of employees are part-time
529 full-time, 28 part-time

Grow Financial Credit Union has 529 full-time staff members and 28 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Grow Financial Credit Union has around 374 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$2,534,525,632
Total assets
Above average
Net worth
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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.
9.9%
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
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$16,430
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 84% of credit unions.

Grow Financial Credit Union holds a total of $2,116,280,000 in loans and leases, which is about $16,430 per member on average.

Savings interest rate
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0.10%
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. Grow Financial Credit Union pays 0.10%.

Loan rates
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13.49%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.20%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.20%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.74%
New car loan rate
Compared to 4.0% nationally
3.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.62%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Location
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Members
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Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
9.50%
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