Question 1

What is Everglades Federal Credit Union?

Accepted Answer

Everglades Federal Credit Union is a community-chartered federal credit union serving the Clewiston, Florida area and surrounding Everglades region. With approximately $54 million in assets and over 5,400 members, this institution provides financial services to residents and workers in rural south-central Florida. As a community credit union, Everglades FCU focuses on delivering personalized banking services to its local membership base.

The credit union maintains a single branch location and operates with a team of 16 full-time employees committed to serving the financial needs of the Everglades community.

Question 2

When was Everglades Federal Credit Union founded?

Accepted Answer

Everglades Federal Credit Union was established in 1985. The credit union was chartered to serve the financial needs of the community in and around Clewiston, a rural area known for its agricultural economy and proximity to Lake Okeechobee.

For four decades, the institution has maintained its commitment to providing accessible financial services to residents of this underserved rural region of Florida.

Question 3

Where is Everglades Federal Credit Union headquartered?

Accepted Answer

Everglades Federal Credit Union is headquartered in Clewiston, Florida. The main office is located at 1099 W Ventura Avenue, Clewiston, FL 33440.

Clewiston is a small city located on the southern shore of Lake Okeechobee in Hendry County, often referred to as "America's Sweetest Town" due to its sugar cane industry.

Question 4

Where does Everglades Federal Credit Union operate?

Accepted Answer

Everglades Federal Credit Union operates primarily in the Clewiston area and surrounding communities in south-central Florida. As a community credit union, membership is available to individuals who live, work, worship, or attend school within the credit union's defined geographic service area.

The credit union maintains one branch location in Clewiston, serving the local community and surrounding rural areas of Hendry County and the greater Everglades region. The institution holds a low-income designation from the NCUA, reflecting its service to economically underserved communities.

Question 5

What services does Everglades Federal Credit Union offer?

Accepted Answer

Everglades Federal Credit Union provides a comprehensive range of financial products and services, including:

Deposit Accounts: Share savings accounts, checking accounts, and certificates of deposit with competitive dividend rates.

Lending Services: Auto loans, personal loans, home equity loans and lines of credit, mortgage loans, and seasonal loan programs such as summer loans. The credit union actively promotes its competitive auto loan rates as an alternative to dealership financing.

Digital Banking: Online banking access, mobile banking capabilities, bill payment services, mobile check deposit, and an automated response unit (ARU) available 24/7 at 1-866-810-6161. Members can also reset debit card PINs through a toll-free number.

Member Services: Drive-through banking with extended Saturday hours, debit card services with customizable PINs, wire transfer capabilities, and skip-a-payment programs during summer and holiday seasons.

The credit union offers convenient lobby hours Monday through Friday from 8:30 AM to 4:30 PM (with extended hours until 6:00 PM on Fridays), and drive-through services from 8:30 AM to 5:00 PM weekdays plus Saturday mornings until 1:00 PM.

Question 6

What makes Everglades Federal Credit Union unique?

Accepted Answer

Several distinctive features set Everglades Federal Credit Union apart:

Rural Community Focus: The credit union serves one of Florida's most rural areas, providing essential financial services to an agricultural community that might otherwise have limited banking options. Its NCUA low-income designation underscores its commitment to serving economically challenged populations.

Seasonal Loan Programs: Understanding the unique needs of its community, Everglades FCU offers specialized programs like "Hump Day Loans" for unexpected expenses and seasonal skip-a-payment options during summer and holidays, demonstrating flexibility in meeting members' varying financial needs throughout the year.

Strong Financial Performance: With a net worth ratio exceeding 10% and maintaining "Well Capitalized" status with the NCUA, the credit union demonstrates solid financial management. The institution's loan-to-share ratio of approximately 72% reflects healthy lending activity balanced with prudent risk management.

Local Leadership: Under the guidance of President Rhonda Davis and CEO Marta Betancourt, the credit union maintains strong local leadership that understands the specific economic challenges and opportunities within the Everglades agricultural region.

Question 7

What type of financial institution is Everglades Federal Credit Union?

Accepted Answer

Everglades Federal Credit Union is a federally chartered credit union (FCU) regulated by the National Credit Union Administration (NCUA). As a federal credit union, member deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

The institution operates under a community charter, which means membership is open to individuals who live, work, worship, or attend school within the credit union's defined geographic service area rather than being restricted to employees of specific companies or organizations. This community-based membership structure allows the credit union to serve a broader population within the Clewiston and Everglades region.

As a member-owned cooperative financial institution, Everglades FCU operates on a not-for-profit basis, with any earnings returned to members through competitive rates, lower fees, and enhanced services rather than distributed to outside shareholders.

Everglades Federal Credit Union

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About Everglades Federal Credit Union in the United States