Florida Credit Union was started as the Alachua County Teachers’ Credit Union in 1954. It serves the financial needs of Alachua County teachers. In 1955, when the credit union held its first annual meeting, it began including other local educational groups as members.
Credit unions are owned by their members and profits go back to them as better rates and more advanced technology. They serve members in North and Central Florida.
FLCU advertises on flcu.org.

Summary
With so many lenders out there, it’s hard to know where to turn when it comes to taking out a loan. Florida Credit Union is one of many credit unions that’s been getting much attention lately. Let’s take a closer look at what they have to offer in this article, so you know if you like them or not.
During investigating the website and terms and conditions of this company, some interesting things came to light. The following are some key points that stood out as I examined the information.
- APRs for loans range from 10.171% to 17.000%.
- Terms range from 36 to 60 months.
- Amounts range from $3000 to $5000
- Your credit rating will determine the rate and term.
- Terms and rates are subject to change.
- Application fees are $100.
Florida Credit Union: What is It?

In 1954, the Florida Credit Union (FCU) was established as a state-chartered credit union for teachers; today, it offers a broad range of banking services including checking accounts, savings accounts, personal loans, money market accounts, as well as auto loans, and mortgages.
On average, consumers have given this company a 1-star out of 5-star rating, due to a large number of negative reviews, and as a result, the Better Business Bureau has given the credit union an A+ rating with 8 customer reviews and 31 complaints closed in the past three years.
How Does This Company Work?
The Florida Credit Union claims to be one of the most successful credit unions in the state, and membership in the organization makes you a co-owner of the institution. Consequently, its members are able to take advantage of lower fees on products and services, lower loan costs, and higher savings and CD rates.
If you decide to work with Florida Credit Union, you can speak with a Loan Officer 24 hours a day, 7 days a week.
How To Qualify For Florida Credit Union?
Getting a loan from Florida Credit Union can be done easily and without a membership fee, but you must pay an application fee when applying for the loan. To join Florida Credit Union (FCU), you must open an online saving account with a balance of $5. This deposit buys you a share of ownership in Florida Credit Union.
There are several ways to join FCU. You can join the bank online; you can call the Contact Center at 1-800-284-1144, or visit any of the branch locations 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 has an A+ rating. Over the past three years, the BBB has closed 31 complaints. Thus, the company has a 1-star rating.
A few Florida Credit Union reviews:
Lucie R 09/18/2022
Lisa V. 06/15/2022
Ken M 05/12/2022
FAQs
How Much Does Florida Credit Union Charge?
Loans at Florida Credit Union have varying annual percentage rates (APRs), ranging from 10.171% to 17.000%. Terms range from 36 to 60 months. There is usually a $100 application fee.
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, totaling $6,464.
Is There Any Pre-Payment Penalty?
You can pay off your loan early without penalty at Florida Credit Union, unlike some larger credit unions that charge prepayment fees. As a result, it is a great option for borrowers seeking flexibility to repay their loans at their own pace.
How Does It Affect Your Credit?
Taking out a loan can affect your credit score, so you should know how it works. Many lenders will run a soft credit check to determine which interest rates and loan terms you qualify for. Once you apply, the lender will do a hard credit check to get a complete picture of your credit history and provide you with a final rate. Make sure you understand how these hard inquiries affect your credit score before applying for a loan.
How To Cancel Florida Credit Union?
Taking out a personal loan requires confidence in your decision. Once the money is transferred into your account, you can’t reverse or cancel it. To avoid any problems later, it’s essential to be sure from the start.
Having trouble making ends meet? Here are some helpful tips.
Just follow these simple steps and you’ll be good to go with your finances.
- Keep your budget on track so that you can spend wisely.
- Talk to a financial advisor. They can help you understand your options and develop a plan that works for you.
- You don’t have to worry too much about debt. Other financial institutions will work with you to create a more manageable payment plan.
Florida Credit Union: Is It Legit?

While the Better Business Bureau gives Florida Credit Union an A+, customers only give them a 1-star rating out of 5 stars.
Research different lenders thoroughly and compare their rates to ensure you get the best deal possible before taking out a loan. Make sure to read Florida Credit Union reviews to make an informed choice and avoid taking out a loan you cannot afford.
Let us know what you think about flcu.org!
Thanks for reading!
Florida Credit Union
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Florida Credit Union
Florida Credit Union Review
Florida Credit Union has been in business for many years and offers a variety of financial services. However, their customers have only given them 1 star out of 5.