Credit unions in Florida

Credit union: In the state of Florida, there are 133 headquartered credit unions that operate over 1000 branch offices for their members. Over six million Florida residents are a member of a credit union. The largest credit union in the state is Suncoast Credit Union, with over 860,000 members. Suncoast has been in operation since 1978. Not only is it the largest credit union in Florida, but it is also the 13th largest credit union in the United States. Anyone who lives/works/worships in their membership area can join. They operate in the Tampa area. 

Several credit unions in the state are based on where you work or what your profession is. There are multiple credit unions for educators and health care professionals, as well as law enforcement. Several others serve specific geographic areas. These are similar to the first credit unions, which existed to serve rural or underserved areas.

Car insurance: Car insurance in Florida is quite expensive. While many factors can contribute to pricing, the two main factors in Florida are a high number of senior citizens and a large number of foreign drivers. The population of Miami is highly diverse, and a large number of foreign nationals, international visitors, and immigrants drive in the city daily. This diversity has contributed to Miami having the highest insurance rates in the country. The senior population is also a higher risk population for accidents and property damage. 

Not many Florida credit unions underwrite products directly at their bank. However, several have partnerships that can get their members lower rates on all required insurances. It is wise for a person to review their coverage options every 1-2 years. You may be able to find a plan with comparable coverage at a lower price. Take advantage of this great benefit that is part of your credit union membership.