Broward Healthcare Federal Credit Union

What Broward Healthcare Federal Credit Union does

Broward HealthCare Federal Credit Union (BHCFCU) is a federally chartered, not-for-profit financial cooperative originally chartered in 1957 and headquartered at 2350 West Commercial Blvd., Fort Lauderdale, Florida. It operates four branches embedded inside Broward Health medical facilities across Fort Lauderdale and Coral Springs, with a fifth location (Broward Health North) permanently closed, and serves members primarily through employer-group eligibility tied to Broward Health and a defined set of affiliated organizations (Sun Sentinel/Tribune Publishing, Printing Association of Florida, Mac Papers, Advanced Care Solutions, and other Broward County healthcare employers), plus Broward County residents who live, work, worship, or attend school in the county.

The product portfolio spans core deposits (share/savings, money market, share/IRA certificates, multiple checking tiers, IRAs, club accounts, Visa debit), consumer lending (new and pre-owned auto, recreational vehicles/boats/motorcycles, personal loans up to $20,000, share-secured loans), real-estate credit (home equity loans and HELOCs originated in-house, first mortgages via partner 1st United Home Loans), and a Platinum MasterCard credit card. The technology stack is conventional third-party credit-union infrastructure: MeridianLink for loan origination, Fiserv for online and mobile banking, Zelle for peer-to-peer payments, Remote Deposit Capture, SavvyMoney for credit-score monitoring, IDCheck for in-branch identity verification, BitStatement for e-statements, and CO-OP Shared Branching (5,500+ locations) plus Presto!/STAR/PLUS for ATM access. A core banking system conversion is scheduled for August 2026.

Revenue is generated primarily through net interest income on the loan portfolio (vehicle APRs from 4.99%, personal loans at 10.24%, MasterCard 8.49%–17.99%, HELOC priced at Prime minus 0.75%), deposit dividends (Share 0.05% APY up to Share/IRA Certificates at 3.35%–3.85% APY), transaction and service fees, and commissions on loan add-ons (GAP and Major Mechanical Protection through SWBC, AutoSeekers). As a member-owned cooperative, surplus is returned to members — approximately $1 million in dividends was paid in 2025. On January 31, 2026, BHCFCU completed a merger with Coral Community FCU, expanding its membership base and balance sheet.

Name

Broward Healthcare Federal Credit Union

Legal name

Broward HealthCare Federal Credit Union

Website

https://bhcfcu.org

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

Broward HealthCare Federal Credit Union is a federally chartered, not-for-profit financial cooperative serving Broward Health employees, affiliated employer groups, and Broward County residents through four healthcare-embedded branches, a full suite of deposit and consumer/mortgage lending products, and shared-branching access to 5,500+ locations nationwide.

Ownership category

akta.pro rank

Product category

Credit Union / Retail Banking

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Consumer banking services
• Credit union lending
• Share savings accounts
• Home equity loans
• Digital banking platform

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: Primary revenue stream from consumer loans including vehicle loans (new vehicles as low as 4.99% APR, pre-owned as low as 5.49% APR), personal loans (10.24% APR), credit cards (8.49%-17.99% APR), and home equity products. Home equity lending increased 26% in 2025.
2. Deposit Interest Payments: Credit union pays dividends on member share accounts, money market accounts, and IRA certificates. Rates include Shares at 0.05% APY, Rewards Checking up to 1.00% APY, and IRA/Roth at 1.10% APY.
3. Fee Income: Various fees including $40 non-refundable loan application fee for No Credit Check loans, monthly maintenance fees ($5 for Partnership Checking, waived with direct deposit or $2,500 balance), $25 late payment fees, $25 returned payment fees, card replacement fees ($15), PIN replacement ($2), and document copy fees ($3).
4. Loan Add-On Products: GAP (Guaranteed Auto Protection) and Major Mechanical Protection (extended warranty) products offered as optional add-ons to vehicle loans, providing protection against total loss gaps and mechanical failures.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Broward HealthCare Federal Credit Union is a not-for-profit financial cooperative offering deposit products (share savings, money market, certificates, checking, IRAs), consumer lending (vehicle, personal, recreational, share-secured, home equity loans/HELOC, first mortgages via partner), Platinum MasterCard credit cards, and digital banking services (online/mobile banking, bill pay, Zelle, mobile remote deposit, e-statements). It serves Broward Health employees, affiliated employer groups, and Broward County community members through 4 branch locations inside healthcare facilities and the CO-OP Shared Branch Network.

Product overview

Broward Healthcare Federal Credit Union is a not-for-profit financial cooperative offering a comprehensive suite of banking products and digital services. The core product portfolio includes share savings accounts, money market accounts, certificates (including IRAs), and multiple checking account types (Classic, Advantage Plus, Relationship Rewards, and Partnership Checking). Lending products encompass vehicle loans, personal loans, recreational vehicle financing, share-secured loans, home equity loans and lines of credit, first mortgages through partner 1st United Home Loans, and Platinum MasterCard credit cards. Digital banking services include 24/7 online and mobile banking with bill payment, mobile remote deposit capture, Zelle P2P payments, STAT:24 telephone banking, E-statements, SavvyMoney credit monitoring, and KOFE financial education. Additional offerings include vehicle protection products (GAP and Major Mechanical Protection through SWBC), AutoSeekers vehicle buying service, identity verification (IDCheck), and access to 5,500+ shared branches nationwide through CO-OP. The credit union serves Broward Health employees and the broader Broward County community.

Differentiator

Problem solved

Functional benefit

Products and services

• Share (Savings) Account Basic savings account establishing credit union membership with $5 minimum balance and $250 average daily balance required to earn dividends at 0.05% APY.
• Money Market Account Tiered savings account paying higher dividends with $2,500 minimum balance to earn dividends and rates from 0.80% to 1.35% APY depending on tier.
• Share & IRA Certificates Certificate accounts with terms from 6 months to 5 years earning 3.35% to 3.85% APY; $1,000 minimum for regular certificates, $50,000 minimum for STAR certificates.
• Individual Retirement Accounts (IRAs) Traditional and Roth IRAs available, including IRA certificates with various term options, earning 1.10% APY with monthly compounding and quarterly payouts.
• Classic Checking Share draft account with unlimited check writing, no per-check charges, and $750 minimum balance to receive dividends.
• Advantage Plus Checking Checking account with no monthly service fees and no minimum balance requirement.
• Relationship Rewards Checking Premium checking offering up to 1.00% APY on balances up to $25,000 with requirements including direct deposit, E-Statements enrollment, 12+ debit card transactions, and 3+ bill pay transactions monthly.
• Partnership Checking Checking account requiring direct deposit of full pay minus deductions with $5 monthly service fee (waived with direct deposit or $2,500 balance) and ATM card access.
• VISA Debit Card Debit card for purchases at Visa merchants worldwide, ATM access on Presto!/STAR/PLUS networks, and free deposits at BHCFCU-owned ATMs.
• Platinum MasterCard Credit Card Credit card with rates from 8.49% to 17.99% APR, no annual fee, ScoreCard Rewards program, $1,000,000 travel accident insurance, and worldwide acceptance.
• New & Pre-Owned Auto Loans Vehicle loans for terms of 36-72 months with rates as low as 4.99% APR for new vehicles and 5.49% APR for pre-owned vehicles (2020-2024, under 100,000 miles).
• Personal Loans Unsecured personal loans up to $20,000 with terms up to 60 months at rates as low as 10.24% APR; personal line of credit also available.
• Recreational Vehicle Loans Financing for RVs, boats, and motorcycles with competitive rates based on vehicle type and terms.
• Share Secured Loans Loans secured by member savings balance, ideal for establishing or reestablishing credit without liquidating savings.
• Home Equity Loans Closed-end fixed-rate loans with terms of 5, 7, 10, or 15 years for amounts up to $200,000 for home improvements, debt consolidation, or major purchases.
• Home Equity Line of Credit (HELOC) Open-end adjustable rate line of credit with 10-year draw period and 15-year payback, using Prime rate minus 0.75% (floor 4.00%, ceiling 18%).
• First Mortgages First mortgage products offered through partner 1st United Home Loans LLC, providing fixed-rate options and refinance opportunities.
• No Credit Check Loan $1,000 short-term loan for members with established relationships, requiring 6-month membership, 2 years employment, and payroll deduction or direct deposit; $40 non-refundable application fee.
• Online Banking 24/7 web-based banking platform for account balance checks, transaction history, fund transfers, loan payments, check imaging, Quicken/Microsoft Money exports, and Zelle P2P payments.
• Mobile Banking App Free mobile app for iOS and Android enabling balance viewing, transfers, transaction history, loan payments, bill scheduling, ATM/branch locators, mobile remote deposit, and contact options.
• Mobile Remote Deposit Capture (RDC) Check deposit feature via mobile app using camera to capture check images with deposit limits of $2,000 per deposit, $5,000 daily, and $15,000 per 30 days.
• STAT:24 Audio Response System 24/7 telephone account access system with bilingual English/Spanish capabilities for account inquiries, transfers, and loan payments.
• Zelle P2P Payments Peer-to-peer payment service integrated with online/mobile banking enabling fast money transfers using mobile numbers or email addresses, typically within minutes.
• SavvyMoney Credit Score Monitoring Credit score tracking platform providing scores, reports, key impact factors, and offers to reduce interest costs, with daily monitoring and no negative credit impact.
• KOFE Financial Education

Quantifiable outcome

• Paid approximately $1 million in dividends to members in 2025
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, flagship and supporting.

• Core Banking System Upgrade (Unnamed Vendor)coreTechnology or Integration · 4 August 2026Scheduled core system conversion in August 2026 for more secure, efficient, and user-friendly banking experience. Branch closures July 31-August 3, 2026 during transition.
• Coral Community Federal Credit UnionflagshipStrategic or Co-development Partner · 21 January 2026Merger completed January 21, 2026. Coral Community FCU members welcomed into Broward HealthCare FCU, strengthening ability to serve members with expanded access and financial products. No immediate changes to existing member accounts.
• AutoSeekerscoreGTM or Marketing PartnerCar buying service partnership that helps members locate and negotiate wholesale prices on new vehicles. Members can get price quotes via website or by calling the Loan Department. AutoSeekers honors all manufacturers' rebates and incentives.
• 1st United Home Loans LLCcoreChannel Partner/ Reseller/ DistributorMortgage partner for first mortgage origination. Contact Jorge Iglesias at 954-607-8024 or [email protected] for free no-obligation consultations.
• Trustage Insurance & InvestmentssupportingGTM or Marketing PartnerInsurance and investments partnership providing members access to coverage products through the credit union's website.
• KOFE (Knowledge of Financial Education) / Consolidated CreditcoreStrategic or Co-development PartnerFinancial education partnership providing members with budgeting tools, certified financial counselors (1-888-607-7659), interactive calculators, webinars, and publications. Registration code 'bhcfcu' required for new users.
• Corporate One Federal Credit UnionsupportingTechnology or IntegrationCorrespondent financial institution for incoming wire transfers. Wires sent to 8700 Orion Place, Columbus, OH 43240, Routing #: 244084264. Acts as initial receiving institution for Fed wires on behalf of Broward HealthCare FCU.
• MeridianLinkcoreTechnology or IntegrationLoan origination system (LOS) used for processing vehicle loans, personal loans, and credit card applications. Members and non-members apply through app.consumer.meridianlink.com portal.
• CO-OP Shared Branch NetworkcoreChannel Partner/ Reseller/ DistributorNationwide shared branching network providing members access to 5,500+ branch locations for deposits, withdrawals, loan payments, and transfers. Managed through coop.org.
• Publix Presto! ATM NetworksupportingTechnology or IntegrationATM network affiliation allowing members to access surcharge-free ATMs at Publix store locations. Also enables POS cashback at participating retailers.
• STAR and PLUS ATM NetworkssupportingTechnology or IntegrationAdditional ATM network affiliations providing surcharge-free cash access at thousands of locations worldwide through STAR and PLUS networks.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• CO-OP Financial Services: CUSO providing shared branching (5,500+ locations), ATM, payments, and technology services to thousands of credit unions including BHCFCU. Included as the incumbent ecosystem and infrastructure provider that BHCFCU relies on for shared branching and digital services.

Direct peers

• VyStar Credit Union: One of the largest credit unions in Florida with broad consumer and mortgage lending, deposits, and digital banking. Most directly comparable as a Florida-based community credit union offering the same core products (auto loans, mortgages, credit cards, online/mobile banking).
• Fairwinds Credit Union: Central Florida credit union providing consumer loans, mortgages, and deposit products to community members. Similar full-service Florida community credit union positioning with comparable product mix.
• HealthCare Federal Credit Union: Healthcare-industry-focused federal credit union serving healthcare employees and their families with consumer loans, deposits, and digital banking. Most directly comparable niche peer given shared healthcare-employer membership model and federal charter.
• Power Financial Credit Union: South Florida (Pembroke Pines) community credit union offering consumer loans, deposits, and digital banking to a community-based membership. Closely comparable in geographic focus and member-base scale to BHCFCU.
• Suncoast Credit Union: Large Florida-headquartered credit union serving members across the state with full-service consumer lending, deposits, and digital banking. Comparable product mix (auto loans, mortgages, credit cards) and shared Florida community credit union positioning.
• Achieva Credit Union: Florida-based community credit union serving members across the Tampa Bay and surrounding regions with consumer loans, mortgages, and deposit products. Directly comparable in scale and product breadth to a small/medium Florida community credit union.
• MIDFLORIDA Credit Union: Central Florida credit union offering consumer lending, mortgages, deposits, and digital banking to a community-based membership. Similar cooperative structure and product set as BHCFCU.
• Tropical Financial Credit Union: South Florida (Miramar-based) community credit union serving members with consumer loans, mortgages, deposits, and digital banking. Geographically closest comparable peer given overlapping South Florida service area.
• Grow Financial Federal Credit Union: Tampa-based federal credit union with full-service consumer banking, auto and mortgage lending, and digital channels. Comparable federal credit union charter, Florida footprint, and product portfolio to BHCFCU.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pages/Broward-HealthCare-Federal-Credit-Union/100289354094
• Xx.com/BHCFCU

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broward Healthcare Federal Credit Union