Orlando Credit Union is headquartered in Orlando and is the 42nd largest credit union in the state of Florida. It is also the 946th largest credit union in the nation. It was established in 1936 and as of December of 2020, it had grown to 71 employees and 24,148 members at 8 locations. Orlando Credit Union has an A health rating.
Field of Membership Restrictions
Orlando Credit Union is open to businesses, legal entities, and individuals who live, work, worship, attend school, or volunteer in the Florida counties of Brevard, Hillsborough, Lake, Osceola, Orange, Polk, Seminole, or Volusia. Eligibility also extends to family members of existing Orlando Credit Union members.
See current membership details
New customer to credit unions
I ended up going to Orlando Federal Credit Union at first to try to get a car loan (which they quickly approved once I was a member). After getting the loan I decided to switch some of my actual banking over to them. I actually had a good experience. They have several branches locally I was able to go to and speak with financial advisors or answer any question as well as go to an ATM or other normal banking operations.
Don't bank with Orlando Federal Credit Union
I didn't enjoy my time with the Orlando Federal Credit Union. My husband and I happened in here to ask a question and was talked into opening an account, with them going on and on about all of the benefits of banking with a credit union vs. a traditional bank. We weren't ever really shown the benefits, because all we had were problems. One of the things that drew us in was their auto loan rates. We were told how easy it was to apply and to get a decision in minutes. That was false. Every time we went in, on several different occasions, we were told that there was nobody there to speak with us currently and to come back a different day. We even called to make an appointment and had one set up, only to arrive and be told that that person wasn't actually in the office today and they were "sorry". Besides their auto loans, it took several days, sometimes even a full week or more for even minor purchases to reflect in our bank account. We do keep a ledger, but sometimes small purchases slip by and it's just very annoying to see $xx.xx in your bank and then realize that no, you actually have quite a bit less because things I bought over two weeks ago still haven't posted. I just didn't like this bank. The convenience isn't there, and the customer service is awful.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68706 |
| Year Chartered | 1936 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.23% |
| Return on Equity - YTD | -2.91% |
| Annual Interest Income | $9.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $283.0MM$247.6MM |
| Loans | Q4 2020vs Q4 2019 | $178.8MM$177.9MM |
| Deposits | Q4 2020vs Q4 2019 | $257.9MM$222.1MM |
| Equity Capital | Q4 2020vs Q4 2019 | $21.8MM$22.2MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.7MM$1.8MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $664.00K$820.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |