Frequently Asked Questions (FAQs)

A credit union is a member-owned, not-for-profit financial cooperative that provides savings, credit and other financial services to their members. Credit unions generally offer the same services and technologies as traditional banks. Credit union memberships are usually based on a commonality among members, whether it is belonging to a specific community, organization, religion or place of employment. Power Financial Credit Union’s membership consists of those who live or work in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties; are employees of FPL/NextEra, Ryder System, Inc., and our other Select Employee Groups; member sponsors and employees of Bonefish & Tarpon Trust and based in Coral Gables; students, faculty and employees of California Southern University; and immediate family of all current members.

Credit unions and banks are both financial institutions, but they operate very differently. Credit unions are not-for-profit, financial cooperatives owned by the members of the credit union.

The focus of credit unions is to provide value to the entire membership and not just profits for the benefit of the shareholders. This benefits members in a variety of ways including, generally, lower loan rates, higher savings rates and fewer service fees compared to other types of financial institutions. Power Financial Credit Union is a full-service credit union with branches in Florida and services beyond. In addition, locally owned and a common bond among the members means family-like service also.

Power Financial Credit Union is a community-based, member-owned financial institution that has provided high-quality, high service, family-focused financial services to the South Florida community since 1951. The organization provides all of the advanced products, services, technologies and tools of large banks, but with a unique personalized, “know your name”, family-friendly, community-centric focus.

Power Financial Credit Union has a rich legacy dating back to 1951 and has been the primary provider of credit union services to the employees and family members of notable employers such as Florida Power and Light, National Airlines, Pan Am Airlines, Homestead Air Force Base, and North Shore Hospital.

Since its inception, the field of membership has been expanded beyond primarily serving employer groups to that of serving anyone who lives or works in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties. Today, Power Financial Credit Union has grown to more than 32,000 members, $900 million in assets, eight branches, 15 ATMs and a robust suite of convenient, remote delivery solutions via a wide range of electronic devices.

By following a prudent, conservative strategy, focused on serving as a financial advocate, treating members like family, Power Financial Credit Union is distinguished for outstanding safety and soundness. It is recognized with a 5-star rating from Bauer Financial, their highest rating.

Throughout its history, Power Financial Credit Union has remained financially sound and dedicated to helping its members weather financial storms through their customized financial solutions personalized to fit members’ needs. Power Financial Credit Union prides itself on exceptional service and is proud to say that 9 out of 10 members say they are so impressed they recommend friends and family join to receive the same great experience.

Branches:

Miami-Dade

Florida City Branch:
33004 South Dixie Hwy.
Florida City, FL 33034

Kendall Branch:
8228 Mills Drive 
Miami, FL 33183

North Shore Branch:
1100 NW 95th St. 
Miami, FL 33150

Broward

Hallandale Beach Branch:
2100 E. Hallandale Beach Blvd.
Hallandale Beach, FL 33009

Sheridan Branch:
2020 NW 150th Av. Suite 100
Pembroke Pines, FL 33028

Sunrise Branch: 
8850 W. Oakland Park Blvd.
Sunrise, FL 33351

Palm Beach

Delray Beach Branch:
5061 W. Atlantic Ave.
Delray Beach, FL 33484

Juno Beach Branch:
12575 US Highway 1,
Juno Beach, FL 33408