2017 RANKING & REVIEWS
TOP RANKING CREDIT UNIONS IN MIAMI


Intro: Finding the Top Credit Unions in Miami, FL

If you are currently shopping around for a credit union in Miami, Florida, you’re not alone. More and more people are turning to credit unions to get the most bang for their buck. As not-for-profit, member-owned financial institutions, credit unions can often offer lower fees and more competitive rates than their for-profit bank counterparts.

Selecting a financial institution is not something that should be taken lightly. There are many things to consider when selecting the Miami credit union where you will house your money. What kind of fees does it charge? Are its interest rates competitive? Does it offer a wide range of services? The list goes on and on.

Award Emblem: Best Credit Unions in Miami

There is certainly no shortage of credit unions in Miami. With such a large number of Miami credit unions to choose from, looking for a credit union in Miami can be a very daunting task. Luckily, we have taken the time to research the credit unions in Miami and have narrowed them down to the best 11 credit unions that Miami has to offer.

The best credit unions in Miami on this list offer their members exceptional value, top-notch customer service, competitive interest rates, and a range of financial tools and resources.



List of the Best Credit Unions in Miami, Florida

List is sorted alphabetically (click any of the names above to go directly to the detailed review section for that credit union)


Methodology for Selecting the Top Credit Unions in Miami

What methodology did we use in selecting this list of best credit unions in Miami?

Using publicly available sources, AdvisoryHQ identified a wide range of credit unions that provide services in Miami and the surrounding areas.

We then applied AdvisoryHQ’s “Breakthrough Selection Methodology” to identify the final list of top credit unions that provide services to communities in and around Miami, Florida.


Top Credit Unions in Miami, California

Credit Unions

Location

Baptist Health South Florida Federal Credit Union

Miami

Financial Federal Credit Union

Miami

JetStream Federal Credit Union

Miami Lakes

Miami Federal Credit Union

Miami

Miami Firefighters Federal Credit Union

Miami

Miami Postal Service Credit Union

Miami

Ryder System Federal Credit Union

Miami

South Florida Educational Federal Credit Union

Miami

South Florida Federal Credit Union

Miami

United Police Federal Credit Union

Miami

University Credit Union

Miami

(List is sorted alphabetically)



Detailed Review – Top Ranking Best Credit Unions in Miami

Below, please find the detailed review of each firm on our list of top credit unions in Miami.

We have highlighted some of the factors that allowed these Miami credit unions to score  so high in our selection ranking.



JetStream Federal Credit Union Review


Serving its members since 1947, JetStream Federal Credit Union is a not-for-profit financial cooperative that puts its members first. Currently servicing over 20,000 members and holding over $182 million in assets, this Miami credit union has established itself as a pillar among credit unions in Miami, Florida.

JetStream Federal Credit Union has been ranked among depositaccounts.com’s top 200 healthiest credit unions for three consecutive years. The not-for-profit, member-owned credit union in Miami, Florida prides itself on providing an array of financial products to meet members’ needs.

Key Factors That Enabled This Firm to Rank as One of the Best Miami Credit Unions

Below are key factors that enabled JetStream Federal Credit Union to be rated as one of this year’s top credit unions in Miami.

Special Account Options

JetStream Federal Credit Union sets itself apart from other credit unions by offering a myriad of account options. Through the many options it has available, there is sure to be an account to meet the needs of anyone who is looking for a financial institution.

There is truly an account to fit the needs of anyone at every stage of life. Special account options provided by JetStream Federal Credit Union include the following:

Pocket2Pocket

Pocket2Pocket is a unique service offered by JetStream Federal Credit Union that allows members to transfer money to family and friends via the web or a mobile device. This service makes it easy to make person-to-person payments.

Transfers using Pocket2Pocket are done through members’ Visa debit cards and are both instant and PIN-secured. Funds are sent to a recipient’s email or cell phone number, and he/she is notified that the funds are ready to be deposited. This convenient and unique service is one of the things that makes JetStream Federal Credit Union a best credit union in Miami.

Financial Calculators

JetStream Federal Credit Union is dedicated to helping members make informed financial decisions. For this reason, it has many detailed financial calculators and tools available on its website to help members considering a loan determine how much they can afford and what their monthly payment may be.

Calculators are available to help members plan for:

  • Retirement
  • Buying a home
  • Buying a car
  • Getting a personal loan
  • Building a savings account

Green Loans

JetStream Federal Credit Union cares about the environment and offers special Green Loans to encourage members to be eco-friendly. Members who choose to take advantage of this special program will enjoy lower rates.

Members of this Miami credit union who purchase an eco-friendly vehicle will have their approved auto loan rate reduced by 0.50%. Likewise, those members who decide to take out a home equity loan to make green home renovations or buy eco-friendly appliances will also enjoy a lower rate  on their loan.



Miami Postal Service Credit Union Review


In 1928, a small group of postal workers got together and created the Miami Postal Service Credit Union to provide financial services to local postal service workers. From those humble beginnings, this member-owned, not-for-profit credit union has grown to become one of the best credit unions in Miami.

With over 15,000 members and more than $124 million in assets, this credit union in Miami, Florida has built a strong and sound foundation with which to serve its members. Miami Postal Service Credit Union operates under the mission of being the best financial alternative for its members and always meeting or exceeding their expectations.

Key Factors That Enabled This Firm to Rank as a Top Miami Credit Union

Below are key factors that enabled Miami Postal Service Credit Union to be rated as one of this year’s top best credit unions in Miami, FL.

Youth Accounts

Miami Postal Service Credit Union is proud to offer accounts to help kids get started on the road to financial responsibility. With only a minimum opening deposit of $5 required, it’s easy for anyone to take advantage of one of the many youth account options it has available.

A youth account is a great way for kids to learn the importance of money management and can help set them on the path to financial independence. There are a myriad of account options to suit every youth’s needs, including:

  • MPS Soaring Eagles account – designed for children aged 12 and under
  • MPS Smart Saver account – designed for teens aged 13–17
  • Checking account – teens can open a checking account with no minimum balance and no monthly fees
  • Certificate of Deposit – teens can take advantage of a special 6-month CD with only a minimum deposit of $250 required to open

Teens aged 15 and over can also apply for a Visa debit card, further helping to educate them on how to manage purchases responsibly.

Free Checking

Taking advantage of Miami Postal Service Credit Union’s free checking account couldn’t be easier – a $5 deposit is all that is required to get started. Members who take advantage of the all-inclusive account are sure to reap the benefits of this one-size-fits-all account.

With the Miami credit union’s free checking option, members enjoy:

  • No minimum balance
  • No monthly fees
  • Unlimited check writing
  • Free bill pay
  • Free Visa check card
  • 24-hour account access
  • Three free foreign ATM transactions per month
  • Courtesy pay up to $500
  • No fall below fee

Consumer Loans

In addition to traditional banking services, such as checking and savings accounts, Miami Postal Service Credit Union also offers members an array of consumer loans to fit their everyday financial needs.

Whether a member needs to consolidate some debt or make a big purchase, this credit union in Miami, Florida has them covered. Some of the loans offered to members are:

  • Signature loans – unsecured loans perfect for consolidating bills, paying for car repairs or going on vacation
  • Secured loans – allows members to borrow against their Share Savings or Certificate account up to 100% of the value
  • Recreational vehicle loans – can be used to purchase a boat, motorcycle or RV
  • Home equity line of credit – a variable rate loan based on home equity
  • Fixed rate second mortgage loan – a fixed-rate and fixed-term second mortgage home loan
  • Fixed variable rate home equity loan – rate is fixed for first three years and becomes variable after that

Mission Statement

Miami Postal Service Credit Union has a mission to provide the highest level of quality member service and to be the best alternative in financial products for its members. It makes it its mission to meet or exceed the expectations of members. It also focuses on developing new ways to add value to its relationship with its members.

However, what makes this credit union in Miami, FL truly a best credit union in Miami is its similar dedication to its employees. As part of its mission statement, Miami Postal Service Credit Union puts an emphasis on supporting the development and empowerment of its employees. 



South Florida Educational Federal Credit Union Review


Founded during the Great Depression, South Florida Educational Federal Credit Union has the distinction of being among the first credit unions chartered in Florida. The Miami credit union prides itself on operating according to its mission to provide its members with affordable financial products coupled with exceptional personal service.

Once limited to only providing savings and small loans, the credit union now provides products that encompass almost all aspects of the modern financial services industry. With over 75,000 members and boasting an impressive $1 billion in assets, South Florida Educational Federal Credit Union has established itself as a pillar among credit unions in Miami, Florida.

Key Factors That Enabled This Firm to Rank as a Top Credit Union in Miami

Below are key factors that enabled South Florida Educational Federal Credit Union to be rated as one of this year’s top credit unions in Miami.

Credit Counseling

South Florida Educational Federal Credit Union proves to its members just how much their financial future means to it by offering a completely free credit counseling program to members. This credit counseling service is provided to members free of charge to help them get their credit back on track and secure a healthy financial future.

This credit union in Miami, Florida has an in-house credit counselor that members can call for a free personal consultation when they have financial questions or concerns. Whether a member is going through a lifestyle change, such as marriage or divorce, or has had some financial struggles in the past and needs help getting back on track, South Florida Educational Federal Credit Union is ready to help.

Savings Accounts

To help members attain their savings goals, South Florida Educational Federal Credit Union offers many savings account options. No matter what the goal for saving, this credit union in Miami has the right account to meet each of its member’s individual needs. 

Savings account options include:

  • Prime Savings
  • Member’s Choice Savings
  • Student Savings
  • Summer Savings
  • Vacation Savings
  • Holiday Savings
  • Property Tax Savings
  • Income Tax Savings
  • College Tuition Savings
  • Coverdell Education Savings
  • Health Savings
  • Money Market Account

With so many savings options to choose from, this credit union in Miami, FL truly has something for everyone.

Student Services

As an educational credit union, South Florida Educational Federal Credit Union puts a strong focus on helping students succeed. In an effort to help students reach their goals, the credit union offers them free checking accounts and high-yield savings accounts. It also offers college students the opportunity to take advantage of its Visa credit card and loan services.

In addition to offering traditional banking products, this credit union truly sets itself apart from other credit unions in Miami, Florida by awarding 15 four-year college scholarships to area high school students annually. It also offers a tuition reimbursement scholarship which is awarded at the end of each semester.

To further its commitment to educating students and helping them achieve a bright financial future, South Florida Educational Federal Credit Union also hosts “Got Green” workshops. Through this program, this credit union in Miami, FL provides speakers who conduct workshops on a variety of financial topics for Miami-Dade Public School students as well as  college students.



University Credit Union Review


University Credit Union was originally established in 1947 as the University of Miami Credit Union to serve the University of Miami faculty, staff, and alumni. As the credit union grew, so did its field of membership, until finally, in 2008, this credit union in Miami, Florida opened its doors to everyone who lives or works in the Miami-Dade County area.

University Credit Union prides itself on being in constant pursuit of providing its members with world class member service. This credit union in Miami currently serves over 15,000 members and holds an impressive $190 million in assets.

Key Factors That Enabled This Firm to Rank as a Best Credit Union in Miami

Below are key factors that allowed University Credit Union to be rated as one of this year’s best credit unions in Miami.

Image Source: BigStock

Fraud Recovery Services

University Credit Union provides managed ID fraud recovery services for its checking account holders. Amazingly, this fraud recovery service covers all named account holders as well as three generations of each account holder’s family. The service also provides credit monitoring by one bureau for the primary account holder.

Identity theft has become a major issue in recent years. That’s why this Miami credit union takes fraud prevention seriously and goes above and beyond to keep its members protected.

Business Loans

University Credit Union wants to help local businesses succeed. As part of that mission, it offers a variety of financing options to help businesses in meeting both their short-term and long-term goals.

They have many loans with different features and benefits to choose from:

  • Business line of credit
  • Business term loan
  • Business auto loan
  • Commercial real estate loan
  • Business credit card

With all businesses located in Miami-Dade County being eligible for membership, it is easy for businesses to take advantage of all that University Credit Union has to offer.

CheckFree Bill Payer Solution

University Credit Union offers members its CheckFree Bill Payer Solution as a convenient way to send payments to service providers as well as a way to conduct payment for people-to-people transactions.

Members can choose to utilize the Popmoney program to digitally send money directly, or they may request that the credit union send a check on their behalf. Members also have the option to set up automatic recurring payments so that they don’t have to remember to login and pay a service provider each month. This convenient service is just one of the things that ranks this credit union as a best credit union in Miami.



To browse exclusive reviews of all top rated credit unions in Miami, Florida, please click on any of the links below


Conclusion – Top Best 11 Credit Unions in Miami

There are many factors to consider when choosing a credit union in Miami. It is important to compare services to ensure that you are getting the best financial services and products to meet your needs.

The credit unions listed above are considered to be the best credit unions in Miami for many reasons. They all offer their own unique products, but they also share common core goals of providing exceptional service to their members and offering high-quality products and services as well as sharing a respected reputation of being top-notch credit unions in Miami.

This list of the best credit unions in Miami contains financial institutions that cover all parts of the Miami-Dade County area, ensuring that there is something here for everyone. Each of these Miami credit unions offers consumers a valuable alternative to traditional banking institutions by providing more lucrative rates and fewer fees.



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.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.