Florida Rural Electric Credit Union was chartered in December 1975 to serve the Rural Electric Cooperatives in Florida. The Credit Union was housed in the Florida Electric Cooperatives Association, Inc., (FECA) building in Tallahassee and served as a supported entity of the Associations member services.
In January 1999 the Credit Union Board of Directors moved the Credit Union to a totally self-supporting entity separate from the FECA umbrella.
Today, the credit union remains in the FECA building and has held to its founding membership base the Rural Electric Cooperatives. The Credit Union serves 13 active cooperatives and one former FECA member cooperative. Together these cooperatives service members in 52 of Florida's 67 counties.
The Credit Union is a full service financial institution, whose member shares are insured by the NCUA (National Credit Union Administration), a government agency for up to $250,000 each.
Florida Rural Electric Credit Union membership is open to (a) all past and current member cooperative entities of the Florida Electric Cooperatives Association,Inc., (b) all employees of the cooperatives and their immediate families, and (c) all members of the cooperatives and their immediate families.