Intro – South Florida Federal Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in Miami, Florida, a list that included South Florida Federal Credit Union.
Below we have highlighted some of the many reasons South Florida Federal Credit Union was selected as one of the best credit unions in Miami, Florida.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
South Florida Federal Credit Union Review
South Florida Federal Credit Union was originally formed in 1947 to serve the employees of the Veteran’s Hospital in Coral Gable, Fl. In 1967, the credit union relocated to the new VA Hospital in downtown Miami.
Originally founded to serve the employees of VA hospitals in the Miami area, today, membership to this Miami credit union is open to anyone who lives, works, attends school, volunteers or worships within a designated area of Miami-Dade County.
South Florida Federal Credit Union serves its 4,000 current members with a commitment to delivering financial services in a timely, efficient, convenient, and courteous manner.
This credit union in Miami is also dedicated to exceeding its member’s expectations. Currently holding over $36 million in assets, South Florida Federal Credit Union is posed to continue serving the Miami area for many years to come.
Image Source: South Florida Federal 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, South Florida Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
South Florida Federal Credit Union Review: Kasasa Accounts
One of the perks of choosing to bank with South Florida Credit Union is its Kasasa accounts. Kasasa is a national brand of free checking and savings accounts that offers lucrative rewards. Members who utilize a Kasasa account are rewarded with things like higher rates, cash back, digital downloads, and savings on products.
The Miami credit union has four Kasasa accounts for members to choose from:
- Kasasa Saver – $5 minimum deposit, no monthly fees, no minimum balance to earn rewards
- Kasasa Cash – interest earning checking, no monthly fees, no minimum balance to earn rewards
- Kasasa Cashback – checking with cashback rewards, no monthly fees, no minimum balance to earn rewards
- Kasasa Tunes – checking with iTunes or Amazon.com rewards, no monthly fees, no minimum balance to earn
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South Florida Federal Credit Union Review: Alternative to Payday Loans
South Florida Federal Credit Union knows that its members sometimes fall on hard times, and it wants to help. It can be easy to fall into the trap presented by payday loan companies who lure customers into a never-ending cycle of high-interest loan payments.
As a best credit union in Miami, South Florida Federal Credit Union is helping its members weather through tough times without having to turn to payday loans for quick cash. With its Alternative to Payday Loan, members can access up to $1,000 at a much lower interest rate than a typical payday loan, and they have up to six months to pay it back.
South Florida Federal Credit Union Review: Business Accounts
Whether a startup or a well-established business, South Florida Federal Credit Union is dedicated to helping local businesses flourish and grow. With a philosophy of helping businesses save big so they can grow big, the Miami credit union offers three business accounts for businesses to utilize:
- Business Savings account
- Business Checking account
- Business Money Market account
South Florida Federal Credit Union Review: Kids Club Account
South Florida Federal Credit Union understands the importance of teaching financial responsibility from an early age. That is why it offers a Kids Club account for young people aged 16 and under.
A Kids Club savings account comes with a guaranteed rate of return, no monthly fees, and only requires a $5 minimum deposit to open. The Kids Club account is just another way that South Florida Federal Credit Union proves it truly is one of the best credit unions in Miami.
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In addition to reviewing the above South Florida Federal 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:
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