McCoy Federal Credit Union

Overview / Commentary
41 W Michigan St
Orlando, FL 32806

McCoy Federal Credit Union is headquartered in Orlando and is the 27th largest credit union in the state of Florida. It is also the 456th largest credit union in the nation. It was established in 1954 and as of December of 2023, it had grown to 199 employees and 79,436 members at 15 locations. McCoy Federal Credit Union's CD rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in McCoy Federal Credit Union is open to those who live, work, worship, volunteer, or attend school in the Florida counties of Lake, Orange, Osceola, or Seminole. Immediate family or household members of eligible individuals also qualify for membership.
See current membership details

Related Posts

McCoy Federal Credit Union Offers Promo Rate On 18-Month CD - 2/26/2024

McCoy Federal Credit union (central Florida) is offering a limited-time competitive promo rate on its 18-month CD. $1k minimum deposit, with no stated balance cap.

Reviews (5)

Easy Peasy

Posted by: |

Just opened their 5.38% APY CD plus checking and savings. Super easy and quick, did it with our 2 year old grandson in tow. Less time spent opening these accounts then getting a check for the money from the cd that matured at Navy Federal. Go McCoy!!

Good all around experience.

I banked with McCoy Federal Credit Union for many years. They are as good, if not better than other places I have banked. They have no minimum balance, and have no charge for basic services. The interest rates, and services are on par with other institutions of their kind. The employees were always friendly and helpful. I have several friends who have banked here as well, and all of them have been happy, and have had no real problems.

McCoy FCU is nice

Posted by: |

Since moving to the Orlando area more than 35 year ago, my wife and I opened our checking accounts with the credit union affiliated with the hospital that she works at. Since that time, we have had numerous checking accounts and savings accounts. They have been an excellent financial institution for all of our financial needs. The online services completely meet our needs and expectations and the customer service both at the locations and on the phone has been very helpful and knowledgeable. We have had numerous large and complex transactions involving settling of a personal estate that required the assistance of a branch manager that was very helpful and knowledgeable. If I was was to share once improvement it would be the number of branches are a bit limited and I would like to have one closer to where we live, but this has not been a major problem. Overall we have been very satisfied with McCoy Federal Credit Union.

Denise Estes

Posted by: |

McCoy Federal Credit Union is the worst - their operating system is archaic. Plus their Maitland branch appears to be incompetent in solving the simplest issues. I have tried the past 8 days to send an urgent payment through Zelle (online banking), and it does not work. I have used it previously successfully sending money to the same person. The Branch manager, Joel, has been useless in trying to resolve this issue - 8 days, going on 9. And, now they want to charge me $20 for a wire transfer.

Mccoy Federal Never Again

Account was charged in two different causes 611$ and 117$ by Sprint co. and I didn’t even have an account with them. No body called or message no email. I set account with small direct deposit just for minor expense and no overdraft protection but it is went through and staff didn’t even to anything. No rep. Told me it is to late to charge it back. I said F.... no. I will contact my legal rep. I might pay this money to a lawyer just to prove the point.


Health Grade Components

NCUA #9915
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD11.39%
Annual Interest Income$34MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$963.6MM$922.9MM
LoansQ4 2023vs Q4 2022$666.3MM$640.1MM
DepositsQ4 2023vs Q4 2022$839.3MM$839.4MM
Equity CapitalQ4 2023vs Q4 2022$61.5MM$49.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$8.3MM$7.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3.3MM$1.8MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not McCoy Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

McCoy Federal Credit Union Savings Account Rates

0.15%--IRA Account
0.15%$1k-Health Savings Account
0.05%$50-Savings Account

McCoy Federal Credit Union Money Market Rates

0.45%$1k-Money Market Share Account (MMSA)

McCoy Federal Credit Union Checking Account Rates

0.15%$1k-Total Business Dividend Checking

McCoy Federal Credit Union CD Rates

5.38%$1k-18 Month CD Special
5.00%$1k-13 Month CD Special
4.86%$1k-15 Month CD Special
4.13%$1k-23 Month CD Special
4.13%$1k-10 Month CD Special
3.20%*$100k*-60 Month CD
OTHER TIERS: 2.89% $1k - $5k | 2.99% $5k - $25k | 3.09% $25k - $100k
2.68%*$100k*-36 Month CD
OTHER TIERS: 2.38% $1k - $5k | 2.48% $5k - $25k | 2.58% $25k - $100k
2.43%*$100k*-24 Month CD
OTHER TIERS: 2.12% $1k - $5k | 2.22% $5k - $25k | 2.32% $25k - $100k
1.92%*$100k*-12 Month CD
OTHER TIERS: 1.61% $1k - $5k | 1.71% $5k - $25k | 1.82% $25k - $100k
1.82%*$100k*-6 Month CD
OTHER TIERS: 1.51% $1k - $5k | 1.61% $5k - $25k | 1.71% $25k - $100k


Orlando Area

Interactive local rates map

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