McCoy Federal Credit Union Offers Promo Rate On 18-Month CD


Deal Summary: 18-Month CD Special, 5.38% APY, $1k minimum deposit.

Availability: Four Central Florida counties.

For a limited time, McCoy Federal Credit Union (McCoy FCU) has promotional rates on five of its CDs. Of the five CDs, the 18-month CD Special offers the most competitive rate – 5.38% APY. The minimum opening deposit is $1k, with no stated balance cap. (While the McCoy FCU non-promotional CDs have tiered APYs based on deposits levels of $1k, $5k, $25k, and $100k, the promotional rate CDs do not.)

5.38*%$1k-McCoy Federal Credit Union18 Month CD Special
Rates as of April 14, 2024.

Early Withdrawal Penalty

There is no Truth-in-Savings disclosure available on the McCoy FCU. According to CSR, the Early Withdrawal Penalty is 180 days of dividends on the amount being withdrawn. Partial withdrawals are allowed, but any withdrawal made within 180 days of account opening will reduce the principal.


Headquartered in Orlando, Florida, McCoy Federal Credit Union’s field of membership (FOM) is community-based with those who live, work, worship, attend school, or volunteer in the Florida counties of Lake, Orange, Osceola, or Seminole eligible to join.

Businesses and their employees that are located in Lake, Orange, Osceola, or Seminole Counties also qualify for membership.

Immediate family and household members of a current McCoy FCU member are also welcome to apply. McCoy FCU defines “immediate family” as,

Spouse, child, sibling, parent, grandparent, or grandchild; including
stepparents, stepchildren, stepsiblings, and adoptive relationships.

Account Opening

Joining McCoy FCU and/or opening a CD Special can be done online or at any of 15 Florida branches, which are located in Apopka, Clermont, Kissimmee, Lake Mary, Maitland, Ocoee, Orlando (8) and Winter Garden.

Current McCoy FCU members can open a CD Special online, by phone (407.855.2452 or 888.584.7701), or at any of the above-mentioned branch locations.

Open your Savings Account for $5 or more (includes a $5 par value member share). Low $5 monthly service fee if monthly balance goes below $50.

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – According to CSR, funds must be on deposit in a Member Savings Account before opening a CD Special. Funds can be deposited via ACH, wire ($10 fee), check, Shared Branch transaction, or internal transfer.
  • Ownership – Individual or joint.
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded daily/credited monthly; earned dividends cannot be withdrawn penalty-free.
  • Maturing Funds – Automatic transfer to the Member Savings Account.
  • Beneficiaries – Unlimited, with equal shares. Social Security numbers are required.
  • Grace Period – None, as there is no automatic renewal. Principal and dividends will be transferred to the Member Savings Account on maturity date.
  • Credit Check – Soft pull using Transunion when joining McCoy FCU.

Credit Union Overview

McCoy Federal Credit Union has an overall health grade of "B" at, with a Texas Ratio of 5.05% (excellent) based on September 30, 2023 data. In the past year, McCoy FCU’s total non-brokered deposits decreased by -$4.21 million, an average annual growth rate of -0.5%. Please refer to our financial overview of McCoy Federal Credit Union (NCUA Charter # 9915) for more details.

Established in 1954 as Pine Castle Air Force Base Federal Credit Union, the original FOM was exclusive to members of the military based at Pine Castle AFB. Four years later, the AFB was renamed McCoy Air Force Base (honoring Colonel Michael N.W. McCoy) and the credit union rebranded as McCoy Federal Credit Union. A community charter was adopted in 1981, following the closure of McCoy AFB. Three charter expansions (in 1997, 2003, and 2006) and two mergers (Central Florida Healthcare FCU in 2008 and Gulf States Credit Union in 2022) contributed to McCoy FCU’s growth. Currently the 27th largest credit union headquartered in Florida, McCoy Federal Credit Union has more than 79,000 members and assets of more than $946 million.

How the 18-Month CD Special Compares

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, one credit union has a higher rate than currently offered on the McCoy Federal Credit Union 18-Month CD Special. The following table compares the 18-Month CD Special to the four highest-rate 18-month CDs from other banks/credit unions within the market area.

The above information and rates are accurate as of 2/26/2024.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Orlando CD rates, 1-year CD rates


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.