Powernet
Powernet is a credit union based in Tampa, Florida, established in 1961, with $125 million in total assets serving 3,814 members. By Trust Grade it ranks 63rd of 107 credit unions we track in Florida. Its net worth ratio of 9.8% trails most similarly sized credit unions (28th percentile), versus a Florida median of 11.1%. It was profitable over the most recent period, with a 2.71% return on assets. No consumer complaints against Powernet appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Powernet compares to Florida peers
How we graded Powernet
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.8% capital ratio)
- Strongly profitable (ROA 2.71%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Powernet over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Powernet insured?
Yes. Powernet is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Powernet: frequently asked questions
Is Powernet a good credit union?
Powernet earns a Bankzia Trust Grade of A (90/100, "Excellent"), based on a financial-strength score of 90/100 (it has no CFPB complaints on record). Well-capitalized (9.8% capital ratio); Strongly profitable (ROA 2.71%).
Is Powernet NCUA-insured?
Yes. Powernet is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Powernet?
Powernet holds $125 million in total assets, ranking 63rd of 107 credit unions we track in Florida. It serves 3,814 members.
Does Powernet have CFPB complaints?
No CFPB complaints against Powernet appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
