McCoy Federal Credit Union

Overview / Commentary
41 W Michigan St
Orlando, FL 32806

McCoy Federal Credit Union is headquartered in Orlando and is the 28th largest credit union in the state of Florida. It is also the 470th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 208 employees and 76,296 members at 16 locations. McCoy Federal Credit Union's CD rates are 73% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer or attend school in Orange, Osceola, Seminole or Lake Counties in Florida. Members of the immediate family or household; and organizations of those eligible and businesses and its employees located in Orange, Osceola, Seminole or Lake Counties are also eligible for membership.
See current membership details

Reviews (3)

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.

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 - YTD0.88%
Return on Equity - YTD17.2%
Annual Interest Income$17.4MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$891.1MM$847.4MM
LoansQ3 2022vs Q3 2021$601.1MM$422.4MM
DepositsQ3 2022vs Q3 2021$838.1MM$770.9MM
Equity CapitalQ3 2022vs Q3 2021$46.2MM$69.4MM
Loan Loss AllowanceQ3 2022vs Q3 2021$6.7MM$5.9MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.6MM$823.00K
Real Estate OwnedQ3 2022vs Q3 2021$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

0.15%$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

4.13%$1k-23 Month CD Special
3.30%$1k-18 Month CD Special
2.07%*$100k*-60 Month CD
OTHER TIERS: 1.76% $1k - $5k | 1.87% $5k - $25k | 1.97% $25k - $100k
1.87%*$100k*-36 Month CD
OTHER TIERS: 1.56% $1k - $5k | 1.66% $5k - $25k | 1.76% $25k - $100k
1.76%*$100k*-24 Month CD
OTHER TIERS: 1.46% $1k - $5k | 1.56% $5k - $25k | 1.66% $25k - $100k
1.56%*$100k*-12 Month CD
OTHER TIERS: 1.26% $1k - $5k | 1.36% $5k - $25k | 1.46% $25k - $100k
1.46%*$100k*-6 Month CD
OTHER TIERS: 1.16% $1k - $5k | 1.26% $5k - $25k | 1.36% $25k - $100k


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