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All You Need To Know About South Florida Educational Credit Union | south florida educational credit union

South Florida Educational Federal Credit Union was established as a result of the Compact for South Florida Community Education Act. It is the leading credit union in Florida having assets totaling nearly $1.6 billion and providing financial services to over 89,500 members. It also provides low interest loans, investment products, and home equity loans. This credit union is also one of the largest teachers union in the United States.

The main board of directors consists of five elected officials which are: Dade County Clerk David Gantt, Miami-Dade County Clerk Joseph Garcia, County Judge John McKinley and Judge William Ziemba. The primary source of revenue for the south florida educational credit union is the Miami-Dade County Schools District which provides the bulk of its budget. Almost all of its funds come from income derived from local property taxes. Over half of the school budgets are supported by grants from the county government and the rest comes from fees assessed against homeowners and commercial properties by the schools. Another major source of the credit union's funding comes from the Florida Educational Association which covers the costs of running the institution. The Florida Educators Association also contributes funds to the educational institutions in the county.

In spite of its powerful status and impressive history, the south Florida educational federal credit union headquarters was built in a low key part of the town of Dade County south of Miami. This was done to avoid drawing unwanted attention from the Miami-Dade County School District whose Board of Trustees has previously been uneasy about putting the educational institution in this part of the city. Apparently, they were concerned that the location would detract from the school district's ability to draw students from the neighboring counties. According to the Trustees, they finally gave up trying after consulting with the Florida Federation of Teachers who assured them that this location would have minimal effect on their students.

Many homeowners in the south florida educational federal union area are anxious to buy a new home and are leery of being considered on the housing market due to the recent economic slowdown. Apparently, this has caused a significant decline in the number of new home sales. However, as these homeowners enter the final stages of shopping for their new homes, they will find that financing is a very competitive market and many lenders are eager to work with them. If they decide to purchase a home through the south florida educational credit union, they will be joining forces with other similar institutions in the area who have received major support from the state's leaders and the national credit union for continuing to flourish.

In one of his recent books, Mr. Arthur Schatz describes how the education reform bill is perceived by the public. He points out that the sentence “the teachers in this state are under attack” was removed from the bill's text. When he discusses the sentence, it is clear to see that he believes that it is a ridiculous sentence. In his opinion, there are far too many teachers in this state and too many political powers who are protecting the teachers' job rather than listening to what needs to be done to make classrooms, schools and colleges more effective. He claims that this sentence was removed because educators “misplaced” the idea that teachers' jobs are under attack.

The sentence that was removed is “the educational credit union routing a large part of its funding to middle schools.” This sentence referred to the fact that the union is diverting some of its funding to middle schools. Mr. Schatz points out that this type of “budget cutting” actually hurts the state's ability to protect teachers. He points out that this is an example of the politicians cutting the budget they already promised and they are not putting the students first.

He believes that the leadership at the South Florida Educational Association must work hard to put themselves back in the position of providing a “work-life balance.” He also thinks that the credit union must do whatever it takes to get people to help fund the educational needs of children in south Florida. “The days of just raising funds and throwing money away are over with,” he says. He believes that the union leaders need to find creative ways to generate new members and get the members they already have back to work. “Otherwise we're just spinning our wheels.” He says that the state has done enough damage to itself with these ill-conceived maneuvers and he is not willing to do anymore damage to the South Florida community as a whole or the individual families that have decided to send their children to the best public school in the world, regardless of cost.

According to the SEFCU website, the Educational Federal Credit Union is a member-owned cooperative that provides members a range of financial services. The SEFCU website also states that members benefit from a “consolidated financial management system that meets the needs of both borrowers and lenders.” According to the SEFCU website, the Educational Federal Credit Union is a member-owned cooperative that provides members a range of financial services.


The Educational Federal Credit Union – south florida educational credit union | south florida educational credit union

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