1 star ratingAverage User Rating:
1 star rating based on 3 reviews.

Fairwinds Credit Union

Fairwinds Credit Union Locations
135 W Central Blvd, Suite 1220
Orlando, FL 32801
407.277.5045
www.fairwinds.org



Fairwinds Credit Union is headquartered in ORLANDO and is the 6th largest credit union in the state of Florida. It is also the 96th largest credit union in the nation. It was established in 1949 and as of December of 2011, it had grown to 460 employees and 147,636 members. Fairwinds Credit Union's savings rates are 25% higher than the national average, and it has a 3-star health rating.

Fairwinds Credit Union Routing Number: 263181368

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Top 5-Year CD Rates at Fairwinds Credit Union in Central Florida - 5/15/2012

In the last couple of years I've seen more credit unions offering relationship certificate rates. These are higher CD rates if the member has certain relationships with the credit union or has accumul ...

5.76% APY 9-Month CD at a Florida CU (Fairwinds) - 11/11/2007

Fairwinds Credit Union has changed its 9-month promotional certificate that I reported on last month. A new member can now receive 5.76% APY by opening a checking account with direct deposit. The checking with direct deposit earns the member 2,500...

5.50% 9-Month CD at a Florida CU (Fairwinds) - 10/19/2007

Fairwinds Credit Union is offering a special 5.50% APY 9-month certificate. The minimum deopsit is $500. This is also available as an IRA certificate. A yield of about 6.00% APY is available for members who've earned 5,000 relationship rewards.The rates...

5.60% 6-Month / 5.50% 3-Month CD at a Florida CU (Fairwinds) - 9/20/2007

Fairwinds Credit Union is offering a 5.60% APY 6-month and 5.50% APY certificate of deposit. The minimum deposit is $500. An additional 5 basis points is available for Jumbo CDs with a minimum of $100K. These are also available as an IRA certificate with...

2007




See Rates for: Checking | Savings | Money Market | CD

Fairwinds Credit Union Checking Account Rates

ApyMinMaxProduct
0.03%$50k-Interest Checking
0.00%--Checking

Fairwinds Credit Union Savings Account Rates

ApyMinMaxProduct
0.65%--$5K Savings
0.25%$10k-Health Savings Account
0.25%--IRA
0.10%--Premium Holiday Savings
0.05%--Secondary Savings
0.05%--Savings
0.05%--Business Savings
0.05%--Business Secondary Savings

Fairwinds Credit Union Money Market Rates

ApyMinMaxProduct
0.30%$100k-Premium Money Market
0.20%$100k-Money Market
0.15%$1m-Premium Business Money Market
0.15%$25k-Non-Profit Business Money Market
0.10%$25k-Business Money Market

Fairwinds Credit Union CD Rates

ApyMinMaxProduct
2.33%--60 Month CD w/ 5000 Rewards Points
2.07%--60 Month CD w/ 2500 Rewards Points
1.92%--48 Month CD w/ 5000 Rewards Points
1.82%--60 Month CD
1.66%--48 Month CD w/ 2500 Rewards Points
1.61%--60 Month Business CD
1.51%--36 Month CD w/ 5000 Rewards Points
1.41%--48 Month CD
1.26%--36 Month CD w/ 2500 Rewards Points
1.21%--48 Month Business CD
1.16%--24 Month CD w/ 5000 Rewards Points
1.01%--36 Month CD
0.90%--24 Month CD w/ 2500 Rewards Points
0.90%--12 Month CD w/ 5000 Rewards Points
0.80%--36 Month Business CD
0.80%--6 Month CD w/ 5000 Rewards Points
0.70%--3 Month CD w/ 5000 Rewards Points
0.65%--24 Month CD
0.65%--12 Month CD w/ 2500 Rewards Points
0.55%--6 Month CD w/ 2500 Rewards Points
0.45%--24 Month Business CD
0.45%--3 Month CD w/ 2500 Rewards Points
0.40%--12 Month CD
0.30%--6 Month CD
0.20%--3 Month CD
0.20%--12 Month Business CD
0.10%--3 Month Business CD
0.10%--6 Month Business CD

Rates updated: 5/25/2012

Data for Q4 2011


Institution Statistics


FAIRWINDS
NCUA #68417
BankRate ReportView
Year Chartered1949
Employees460
Primary Regulator

Assets and Liabilities

Assets$1.58 billion
Loans$834.11 million
Deposits$1.35 billion
Equity Capital$139.92 million
Loan Loss Allowance$29.09 million
Unbacked Noncurrent Loans$43.90 million
Real Estate Owned$41.43 million

Historic Data - December 2010

Assets$1.54 billion
Equity Capital$127.65 million
Loan Loss Allowance$33.69 million
Unbacked Noncurrent Loans$46.85 million
Real Estate Owned$34.10 million

Profit Margin - Quarterly

Net Interest Margin5.54%
Return on Assets0.37%
Return on Equity4.2%
Interest Income$61.88 million
Non-Interest Income$29.09 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Fairwinds Credit Union had $85.33 million in non-current loans and owned real-estate with $169.01 million in equity and loan loss allowances on hand to cover it. This gives Fairwinds Credit Union a Texas Ratio of 50.49% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Fairwinds Credit Union held steady from 50.17% as of December 31, 2010 to 50.49% as of December 31, 2011, resulting in a negative change of 0.63%. This indicates that the balance sheet and financial strength for Fairwinds Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Fairwinds Credit Union has increased its total deposits by $35.35 million, resulting in 2.69% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Fairwinds Credit Union has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Fairwinds Credit Union has $1.58 billion in assets with $169.01 million in equity, resulting in a capitalization level of 10.68%, which is above average.
Write Review

Fairwinds Credit Union - Orlando
1 stars - joe2011 - Friday, May 13, 2011 - 3:36 PM

They are not the same banking professionals as years past or forgot what they stood for. New policys & proceedures has forced many loyal customers to find More Customer Friendly Banks.

4

Free Debit Card
1 stars - toyota4555 - Wednesday, November 9, 2011 - 4:02 PM

$5 debit card fee worries people to credit unions!?!?! Ha! Be aware of how credit unions will take YOUR money! Especially Fairwinds Credit Union!

The story...

I made a mistake at 5:15am at the gas pump, I used the wrong card. I have the blue Orlando Magic debit card, looked like my Wachovia (Wells Fargo) card. I caught it when it was too late. I overdrew my account by $4.00. I went at 8:06am the same day to their Lake Mary branch, deposited the cash to cover it and brought the account to a positive balance!! They STILL charged me a overdraft fee of $35 at 12:08pm according to the customer service agent! When the account was positive!!!!

How is it fair to penalize a customer like that when they went to go deposit the cash BEFORE you assessed the fee!!!

And the credit union has the audacity to send a news letter called the "Fairwinds advocate!"

BE AWARE!!! THIS CREDIT UNION IS FEE HAPPY AND ANTIQUATED!

Even if you go to deposit cash at their ATM it takes them 2 business days to process it! When in comparison with my Wells Fargo account I can deposit cash at the ATM and get credit right away!!!

THUMBS DOWN FOR FAIRWINDS, THEY ARE ONLY THE ADVOCATE FOR THEMSELVES!!!!

3

HORRIBLE! Bull**** Fees Galore.
1 stars - reema - Monday, May 7, 2012 - 1:26 PM

Made me pay more money than I care to remember on bull**** fees because of "policy changes" I was never informed of. POS company. I am so happy my car is finally paid off so I can NEVER have to deal with them again!

2