Sep, 30, 2025 — SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI, FL with 9 branch locations and about $1.73 billion in total assets. Opened 91 years ago in 1935, SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION has about 116,191 members and employs 326 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7800 SW 117th Ave MIAMI, FL 33183-3825 |
| Phone: | (305) 270-5200 |
| Fax: | |
| Website: | https://www.edfed.org |
| Branches: | 9 branch locations |
| Members: | 116,191 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 176 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,728,331,833 |
| CEO/Manager: | Michael DiBenedetto |
| Chairperson: | Claude Archer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 239,117,268 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 194,000 |
| Real Estate Loans | 535,497,995 |
| Unsecured Loans | 76,070,030 |
| Other Loans | 422,621,488 |
| TOTAL LOANS | 1,034,189,513 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,972,383 |
| Land And Building | 23,040,708 |
| Other Fixed Assets | 7,195,723 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 13,264,361 |
| All Other Assets | 90,898 |
| TOTAL ASSETS | 1,728,331,833 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 508,242 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,867,972 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 320,614,267 |
| Regular shares | 724,121,071 |
| All Other Shares & Deposits | 407,991,118 |
| TOTAL SHARES & DEPOSITS | 1,452,726,456 |
| TOTAL LIABILITIES | 1,473,107,106 |
| Regular Reserve | 0 |
| Other Reserves | -17,779,520 |
| Undivided Earnings | 273,004,247 |
| TOTAL EQUITY | 255,224,727 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,728,331,833 |
| INCOME & EXPENSE | |
| Loan Income | 40,841,025 |
| Investment Income | 12,802,853 |
| Other Income | 5,167,063 |
| Total Employee Compensation & Benefits | 23,411,054 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,539,678 |
| Non-operating Income & (Expense) | -66,051 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,284,986 |
| Cost of Funds | 11,373,721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,058,132 |
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