Chartered in January 1962, West Florida Central Credit Union was established for other credit union employees and officials in the West Florida area.


Credit Unions are financial cooperatives - We (members) pool our money (savings) to loan to our fellow members. Our loan rates must provide the income to pay dividends on the savings AND expenses of the credit union. Now our fees and earnings on investments also supplement our income.


In 1969, the State of Florida approved the addition of other liquidating credit unions or SEGS (Small Employee Groups) that were unable to support themselves or develop their own credit union. We were able to merge credit unions such as: Sacred Heart Employees Credit Union, Enlisted Men's Credit Union, Borden's Dairy Credit Union, Automobile Dealers Credit Union, SPC Credit Union, Westinghouse, Community Mental Health (Lakeview), Armstrong World Industries, Jacksonville Central Credit Union and Endeavor Federal Credit Union.


In 1978, Jacksonville Central Credit Union was merged with us, West Florida Central, doubling the size of the credit union overnight. To represent the geographical area the name was changed to Central Credit Union of Florida and maintained a branch in the Jacksonville-area.


During the 80's and 90's there was an explosion of financial services offered by credit unions...checking accounts, line of credit, IRA, ATM...We were one of the first credit unions to offer open-end credit, home equity loans, and credit cards. We opened our third branch in the east-Pensacola area during this time.


In June 1982, the State of Florida wanted to start a Community Credit Union which would give people the opportunity to join a credit union without having a common bond (such as an employer) and based membership eligibility on residing within 100 miles of the credit union. Central Credit Union was designated the first Community Credit Union in the state of Florida.


Because of these changes to the Florida Statutes our field of membership broadened to include anyone living or working in Escambia, Santa Rosa, Okaloosa and Duval Counties in Florida. This became our first branch in the north area of Escambia county which is now known as our Cordova Branch.


During the late 90's, the credit union made the decision to be a credit union for all people and stick with the philosophy of what a credit union really is...people helping people. We specialize in 'one member at a time,' considering all their financial needs, not joining the masses. We want to give the personal service that will go beyond their expectations.


In 2006, we were the first northwest Florida credit union to join the Shared Branching Network which allows our member's access to their accounts at over 5,142 branches worldwide. This also enables non-members to use our credit union to access their accounts at other credit unions on the network.


As Central continued to grow, an opportunity to join two credit unions with the same philosophy appeared. Central Credit Union of Florida acquired Endeavor Federal Credit Union (formerly Telco of Florida Credit Union), which again doubled the credit union size. This brought our assets to over $100 million and increased membership to more than 14,000.


Credit Unions are unique, unlike banks. Our Board of Directors are not paid, they are volunteers elected by the membership setting the policies for the credit union.


Central Credit Union of Florida continuously receives the 5-star rating since 1995, the highest possible rating, from Bauer Financial which is the nation's leading independent bank rating firm. The 5-star rating denotes the absolute highest level of banking performance and is the firm's highest rating.


Central was voted BEST OF THE BAY CREDIT UNION by their members and non-members in 2014 and was named a finalist in 2015. Central feels this proves we are exceeding the expectations of our members and our involvement in the community is recognized by all. 


We are a state chartered, federally insured credit union, meaning we not only abide by the State of Florida statutes but also federal regulations for financial institutions (NCUA). Central Credit Union of Florida continues to have the dedicated Board of Directors and staff that demonstrates the mission statement of this credit union each and every day...


We will serve the needs of our members beyond their expectations.

May 2016