It is important to note that Florida Credit Union was originally chartered in 1954 as the Alachua County Teachers’ Credit Union. It was created to meet the financial needs of teachers who work for the Alachua County School System. In 1955, the credit union held its first annual meeting and as a result of the success of that meeting, it began expanding its membership to include other educational groups in the area.

The Florida Credit Union serves members in North and Central Florida. Their products and services are designed to assist members in reaching their financial goals. The company is owned by its members, and profits are returned to those members in the form of better rates and advanced technology.

FLCU advertises its services on

Florida Credit Union logo


There are some options available when it comes to taking out a loan. It can be difficult to know where to turn when there are so many lenders available. Several credit unions have been receiving a great deal of attention recently, including Florida Credit Union. This article will examine what this lender has to offer so you can make an informed decision regarding whether this lender is right for you.

Upon investigating their website and terms and conditions, some interesting things emerged. The following are some highlights.

  • There is a range of 10.171% to 17.000% in terms of annual percentage rate (APR) for a loan.
  • There is a range of 36 to 60-month loan terms available.
  • The loan amount ranges from $3000 to $5000
  • Depending on your credit rating, you will receive a specific rate and term.
  • The rates and terms are subject to change without notice.
  • An application fee of $100 is required.

Florida Credit Union: What is It?

Founded in 1954, the Florida Credit Union is a state-chartered credit union for teachers. The bank offers a wide range of banking products, including checking accounts, savings accounts, personal loans, money market accounts, auto loans, and mortgages.

According to the Better Business Bureau, the credit union has received an A+ rating with eight customer reviews and 31 complaints resolved within the last three years. As a result of a large number of negative reviews, customers have given the company an average rating of one out of five stars.

How Does This Company Work?

Florida Credit Union review

Getting financial services from a credit union can be an excellent way to avoid paying high fees. It is claimed that Florida Credit Union is one of the strongest credit unions in the state, and as a member, you are a co-owner of the credit union. As a result, its members can enjoy lower fees on products and services, lower loan costs, and higher interest rates on savings and CDs.

A Florida Credit Union Loan Officer is available by telephone 24 hours a day, 7 days a week. If you choose to work with FCU, you can contact your local branch to begin the loan application process.

How To Qualify For Florida Credit Union

The Florida Credit Union (FCU) is easy to join, and there are no membership fees, but there are application fees when you apply for a loan. The only requirement is to open a $5 online savings account. You will own one share of FCU upon making this deposit.

Those interested in joining FCU can do so online, by contacting their Contact Center at 1-800-284-1144, or by visiting one of their branches in Belleview, DeLand, Gainesville, Lake City, Ocala, or Starke.

BBB Reviews

Since 2014, the credit union has been accredited by the Better Business Bureau, and its overall rating is A+. In the last three years, there have been eight customer reviews and 31 complaints resolved. Therefore, customers have given the company a 1-star rating on the Better Business Bureau.

Here are some reviews:

Lucie R 09/18/2022

I have been a member of Florida Credit Union for 10+ years. I’ve been going through a bit of a hard time. I had a small loan with FCU and decided to pay off my current loan and apply for another loan to get my husband’s car fixed just as I’ve done in the past with no problem. Like a dummy, I pay off the loan only to get denied now I’m in a worst place than I started. I’m not sure why I was denied as this would have been my 3rd loan with them and I’ve always paid them off early. We get over that hurdle. I’m in need of surgery and just needed a little bit of cash to get me to my next payday because the hospital surprised me with an additional fee I did not know of since I already paid my doctor over $1,000 just for the surgery but now the hospital wanted $956 (health insurance is trash) We apply for a $500 payday loan and was denied although in the past we’ve gotten them on many occasion a few years back when my credit was actually bad. They say credit unions are for the people but that is no longer the truth, at least not this one. After the pandemic, you already have money to get any help. How will your customers be able to make it out of the trenches if they can’t even get a helping hand? People who have done business with you for years only to be turned away. If I have no money you will happily charge me a fee but not help to avoid that from happening.

Lisa V. 06/15/2022

I’ve had the worst experience with FCU for years and was finally able to refinance. Since I’ve refinanced for 3 months I’ve asked them to send my new finance company electronically my title or email me a release lien letter to send to the **** After calling them for months I called today 5 times. I was hung up on and laughed at. I’m pregnant and on bed rest. Still, nothing has been resolved.

Ken M 05/12/2022

OMG, Talk about getting nowhere and chasing your tail. Don’t bother applying with this Credit Union. Also, Stay away from supervisor Heather! She will leave you stuck with your online application and then tell you to visit one of their local branches to fill out an application. Their online application is a complete dead end!

Frequently Asked Questions

How Much Does Florida Credit Union Charge?

APRs for loans are offered by Florida Credit Union in a variety of forms. APRs for loans range from 10.171% to 17.000%. In addition, there is a wide range of terms available for the loans, ranging from 36 to 60 months. Generally, there is a fee of $100 associated with the application process.

As an example, a $5,000 loan at 9.75% for 60 months would have an APR of 10.607%, a monthly payment of $107.73, and finance charges of $1,464.02, for a total payment amount of $6,464.

Is There Any Pre-Payment Penalty?

As opposed to some larger credit unions, Florida Credit Union does not charge prepayment fees, so you may pay off your loan early without incurring any penalties. As a result, it is a great option for borrowers who wish to be able to repay their loans on their terms.

How Does It Affect Your Credit?

When considering a loan, there are a few things you should know about how the process can affect your credit score. The majority of lenders will perform a soft credit check at the beginning of the loan process to give you an idea of what interest rates and loan terms you may qualify for. Your credit score will not be affected by this. Nevertheless, once you decide to move forward with the actual loan application, the lender will need to run a hard credit check to get a full picture of your credit history. These hard inquiries can lower your credit score. Make sure you understand how the application process will affect your credit score before you apply for a loan.

How To Cancel Florida Credit Union?

Before borrowing money through a personal loan, you must be confident that it is the right decision. Understand that once funds have been deposited into your bank account, there will be no way to turn back or annul the transaction. For this reason, it is critical to ensure you are comfortable with your choice from the start to prevent any difficulties down the line.

Are you having difficulty making ends meet? To help you get back on track, here are some helpful tips.

Getting your finances in order doesn’t require you to be an expert. You’re on your way to a bright future if you follow these simple steps.

  • Creating a budget is the first step. Staying on track and making better spending decisions will be easier if you do this.
  • It is also a good idea to speak with a financial advisor. A financial advisor can help you understand your options and develop a plan that fits your specific needs.
  • In addition, don’t worry too much about debt. Other financial institutions can work with you to create a more manageable payment plan. Contact their customer service team to learn more.

Florida Credit Union: Is It Legit?

Florida Credit Union loan

Since it was established many years ago, the Florida Credit Union has offered a broad range of financial services. While the Better Business Bureau gives them an A+, their customers only give them one out of five stars.

Interest rates and repayment terms should be considered before taking out a loan. Make sure you thoroughly research different lenders and compare their rates to get the best deal. You should also read Florida Credit Union reviews to avoid taking out a loan you can’t afford.

Florida Credit Union
  • Florida Credit Union

Florida Credit Union

Since it was established many years ago, the Florida Credit Union has offered a broad range of financial services. While the Better Business Bureau gives them an A+, their customers only give them one out of five stars.

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