Intro – Miami Firefighters Federal Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in Miami, Florida, a list that included Miami Firefighters Federal Credit Union.
Below we have highlighted some of the many reasons Miami Firefighters 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.
Miami Firefighters Federal Credit Union Review
As is noted in its name, Miami Firefighters Federal Credit Union was formed in 1935 to serve the Miami area firefighters. Founded by a group of 28 firefighters in a small room behind Fire Station 1, this credit union in Miami has since grown to serve 4,200 members and currently holds more than $90 million in assets.
This credit union has made its way onto our list of best credit unions in Miami partly due to its dedication to living up to its mission statement of prioritizing the improvement of its members’ financial lives. Miami Firefighters Federal Credit Union is a not-for-profit financial cooperative that prides itself on being an asset its members can count on for life.
Image source: Miami Firefighters 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, Miami Firefighters Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
Miami Firefighters Federal Credit Union Review: Credit Card Consolidation
Firefighters Federal Credit Union understands that members may sometimes inadvertently get in over their heads with high-interest credit cards, and it wants to help. It is for this reason that this credit union in Miami, FL has created a program to help members pay off high-interest credit card debt at a fair rate.
With its credit card consolidation loan, members can borrow up to $20,000 at a rate as low as eight percent APR. Through this loan program, members can pay off their high-interest credit cards in a much shorter time span while saving money over the long run.
Miami Firefighters Federal Credit Union Review: BALANCE Financial Fitness Program
Members of this Miami credit union have access to the BALANCE Financial Fitness Program, a financial education and counseling service. This service can help members get on track with their financial goals, review their credit report, get out of debt, and set up a spending and savings plan. The service can also aid members in preparing to purchase their first home.
The program also provides money management counseling, financial education, and identity theft solutions. The BALANCE program helps take the mystery out of financial matters and provides a valuable resource to members.
Miami Firefighters Federal Credit Union Review: Popmoney
Popmoney is a secure and easy way for Miami Firefighters Federal Credit Union members to send and receive money between family and friends. It is a convenient way for members to exchange funds with non-members without having to write checks or drive to a branch to withdraw cash.
The service can be used to pay anyone from anywhere, any time. Whether it’s paying for something purchased off Craigslist or sending money to a family member in need of some quick cash, all that is needed is an email address, mobile phone number or account number to make the transaction quickly and securely.
The service is free to sign up for and only charges $0.50 to send money, and there is no fee to receive money.
Miami Firefighters Federal Credit Union Review: Loan Rates
Miami Firefighters Federal Credit Union offers extremely competitive rates on its loans. With rates starting as low as 1.49% for a new or used auto loan and as low as 4.00% on a home equity line of credit, its rates are hard to beat elsewhere.
Offering such low and competitive rates is one of the many things that ranks this institution as one of the best credit unions in Miami, Florida.
In addition to reviewing the above Miami Firefighters 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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