Intro – MIDFLORIDA Community Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in Florida, a list that included MIDFLORIDA Community Credit Union.
Below we have highlighted some of the many reasons MIDFLORIDA Community Credit Union was selected as one of the best credit unions in Florida.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
MIDFLORIDA Community Credit Union Review
MIDFLORIDA Community Credit Union was established in 1954 as the Polk County Teachers Credit Union, at the recommendation of the Polk County School Superintendent.
By the end of 1954, the Credit Union had 273 members and about $7,000 on deposit. Today, this top 15 best credit union in Florida has more than $2 billion in deposits, over 235,000 members.
Over the decades, MIDFLORIDA expanded to serve all community residents as well as adding new territories in Highlands, Okeechobee, Sumter, and Hardee counties.
More major changes came in 2010 and 2012 with acquisitions of Bay Gulf Credit Union and Indian River Federal Credit Union. These additions allowed this member of our list of credit unions in Florida to expand its reach, now extending from the Tampa Bay area to the Treasure Coast.
Image Source: MIDFLORIDA Community Credit Union
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed review, MIDFLORIDA Community Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
MIDFLORIDA Community Credit Union Review: Checking Products for Everyone
MIDFLORIDA offers one of the best option sets for checking accounts among our top 15 best Florida credit unions.
With alternatives including free checking and teen checking, MIDFLORIDA gives its members the products they want with the features they need, all with various price and benefit choices.
Below is a rundown of MIDFLORIDA’s checking options:
- Free Checking – With absolutely no fees and access to services like overdraft protection and free Bill Pay, you would be hard pressed find a better basic checking account.
- Relationship Checking – You scratch our back, they’ll scratch yours. When you keep a certain level of deposits with MIDFLORIDA, they will reward you with discounts, waived fees, and extra perks. (Over 65? Enjoy Relationship Checking and all its benefits with no strings attached!)
- Debit Card Banking – Enjoy the simplicity of this account: free mobile banking, load & go debit card, and no frills to weight you down.
- Investor Checking – Available to those whose daily balance exceeds $1,000, Investor Checking offers a good interest rate and dividends plus convenient features like Free Online and Mobile Banking, Free eStatement, and no monthly account fees.
- Freedom Banking – Looking for a second chance? Freedom Banking comes with a free debit card and free eStatements. After a year of good account standing, you can upgrade to a regular account.
- Rated T for Teen Checking –RT4T gives teens easy access to their money. There are no monthly service charges and transactions at Publix Presto! ATMs and check cashing are both free.
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MIDFLORIDA Community Credit Union Review: Mortgages and Help for Home Buyers
MIDFLORIDA tries to take some of the guesswork out of applying for a mortgage. At this top 15 best credit union in Florida, mortgage professionals can offer a wide variety of loan options and tailor them to the borrower’s needs.
Mortgage products and home buyer support include:
- Fixed and adjustable-rate loans
- Lot loans
- Construction and perm loans
- Bi-weekly mortgages
- Investment mortgages
- Jumbo mortgages
- FHA, VA, and USDA mortgages
- Local approvals and local loan servicing
- MIDFLORIDA Title Professionals services
- Homeowners insurance from MIDFLORIDA Insurance Services
MIDFLORIDA Community Credit Union Review: Community Involvement
MIDFLORIDA is committed to improving the world just outside their doors.
This top 15 best credit union in Florida supports local causes and aims for good corporate citizenship through giving and volunteering by its senior management, board of directors, and credit union employees.
Below are examples of recent charitable support from MIDFLORIDA:
Gift of Reading Program
The Gift of Reading program is an initiative to convey the importance, enjoyment and love of reading to more than 12,000 kindergarten students.
Each year since 2006, volunteers from MIDFLORIDA visit every kindergarten class in Polk, Highlands, DeSoto, Okeechobee and Indian River Counties. Volunteers read a pre-selected book to each class, then present a copy of the book to each student, teacher and to the school’s media center.
The Gift of Reading program illustrates MIDFLORIDA’s commitment to two important issues: the value of volunteering and the importance of developing reading skills at an early age.
Extra Credit for Schools
When members assign a local school to their MIDFLORIDA Debit Card, the school earns up to 10¢ every time that member swipes that card. MIDFLORIDA anticipates paying out more than $20,000 in 2016 alone!
Scholarships
MIDFLORIDA has given more than $800,000 to students to fund college tuition through the MIDFLORIDA/Rebecca Keith Scholarship.
Junior Achievement
The Junior Achievement Bowl-A-Thon is a highlight and major fundraiser for MIDFLORIDA each year, raising approximately $20,000 each year between staff and member contributions.
The Bowl-A-Thon funds Junior Achievement, a hands-on classroom program that teaches youth about economics.
In addition to reviewing the above MIDFLORIDA Community Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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