McCoy Federal Credit Union is headquartered in Orlando and is the 26th largest credit union in the state of Florida. It is also the 448th largest credit union in the nation. It was established in 1954 and as of June of 2024, it had grown to 199 employees and 79,920 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
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Easy Peasy
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!!
Denise Estes
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.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9915 |
| Year Chartered | 1954 |
| Employees | 199 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 4.14% |
| Annual Interest Income | $20.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1B$958.8MM |
| Loans | Q2 2024vs Q2 2023 | $670.7MM$660.6MM |
| Deposits | Q2 2024vs Q2 2023 | $879.5MM$844.7MM |
| Equity Capital | Q2 2024vs Q2 2023 | $61.3MM$54.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $9.3MM$7.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.9MM$1.9MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
