T
Tennessee Employees
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BBB: NR
P
Power Financial
No stored Google rating available.
Power Financial is a federally-insured credit union based in Pembroke Pines, FL. Member-owned and not-for-profit, it provides everyday banking, lending, and savings services to its membership.
Data compiled from public sources
Power Financial Review
Power Financial is a state-chartered credit union serving members in , , established in 1951. As a not-for-profit financial cooperative, credit unions typically offer lower loan rates, higher savings rates, and fewer fees than traditional banks. This credit union carries a low-income designation, meaning it serves predominantly low-income members and may offer special programs like Payday Alternative Loans (PALs) — small, affordable loans designed to replace predatory payday lending.
The credit union operates 7 branch locations. Deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
Services & Features
Auto loans
Checking accounts (share drafts)
Mortgage lending
NCUA insured deposits (up to $250K)
Payday Alternative Loans (PALs)
Personal loans (typically lower rates than banks)
Savings accounts (share accounts)
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Not-for-profit — typically lower fees and better rates than banks
- NCUA insured — deposits protected up to $250,000
- Established in 1951
- Member-owned cooperative
- Low-income designated — may offer Payday Alternative Loans (PALs)
Cons
- Membership requirements may apply (geographic, employer, or affiliation)
- Fewer branches and ATMs than large banks
- May have limited digital banking features
Frequently Asked Questions
What services does Power Financial offer?
Power Financial offers 7 services including Checking accounts (share drafts), Savings accounts (share accounts), Personal loans (typically lower rates than banks), Auto loans, Mortgage lending, and 2 more.
What profile signals are listed for Power Financial?
Power Financial has profile signals associated with Lower fees and better loan rates than banks, Member-owned cooperative banking, Payday loan alternatives (PALs).
What are the strengths and weaknesses of Power Financial?
Key strengths: Not-for-profit — typically lower fees and better rates than banks; NCUA insured — deposits protected up to $250,000; Established in 1951. Areas to consider: Membership requirements may apply (geographic, employer, or affiliation); Fewer branches and ATMs than large banks.
How does Power Financial compare to similar companies?
In the Credit Unions category, comparable providers include Tennessee Employees, Seven Seventeen, Quincy. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
Quick Facts
- Founded
- 1951
- Headquarters
- ,
- BBB Accredited
- No
- Certifications
- NCUA Insured Charter #68445
No Website Currently Available
CreditDoc Profile Note
Research Note on Power Financial
profiled for Lower fees and better loan rates than banks and Member-owned cooperative banking. Strength: Not-for-profit — typically lower fees and better rates than banks. Watch out for: Membership requirements may apply (geographic, employer, or affiliation).
Profile Signals
- Lower fees and better loan rates than banks
- Member-owned cooperative banking
- Payday loan alternatives (PALs)
Updated 2026-05-27
More Credit Unions
S
Seven Seventeen
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BBB: NR
Q
Quincy
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BBB: NR
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Quick Summary
- Power Financial is listed as a Credit Unions provider on CreditDoc.
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Next Steps
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