Tyndall Federal Credit Union is headquartered in Panama City and is the 14th largest credit union in the state of Florida. It is also the 198th largest credit union in the nation. It was established in 1956 and as of March of 2021, it had grown to 245 employees and 114,472 members at 13 locations. Tyndall Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Tyndall Federal Credit Union is open to the following: (1) Those who live, work, worship, attend school or volunteer in either Bay, Calhoun, Franklin, Gulf, Holmes, Jackson, Leon, Okaloosa, Walton, or Washington counties in Florida, or Baldwin, Houston, or Mobile counties in Alabama; (2) Those who are currently stationed at or work at Tyndall Air Force Base and employees of FBI, Gulf County, Internal Revenue Service, and other Select Employer Groups (a complete list can be found on the credit union's website); (3) Immediate family and household members.
See current membership details
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Best Credit Union Around!
I have banked with Tyndall for close to 6 years. I have 2 car loans and a credit card with them and wouldn't wish to bank anywhere else. They have the best rates and their staff is knowledgeable and kind!
Tyndall Federal Credit Union Saved Me A Ton Of Money By Refinancing My Home!
Refinanced my Mortgage with Tyndall Federal Credit Union and saved over 2% on my rate, which saved me over $100,000 in interest!!! The representative was so awesome to work with. I started the process on a Monday and 3 weeks to the day, I was in the closing office and finished refinancing my home. It's so nice having everything all at 1 financial institution and having a 'Local' person that I can speak with. Tyndall truly does care about their members and saving us money.
Community Credit Union To Grow With
Since I was a child I have had an account with Tyndall Federal Credit Union. From using just a saving account and Certificate of Deposit account to adding in checking once I graduated high school. I have found it easy to set up the accounts, ask questions related to interest, fees and companies trying to debit my accounts without permission. In cases of people trying to empty my accounts, I found TFCU quickly able to lock the account and get my money returned in days without having to fight them over it. Even adding in a debit card was simple and replacing it once they added in chips was just as simple. I see myself continuing to use them as well as, once I have children, helping them set up accounts as well.
Unfriendly Practices
I left a forwarding address for a three month temporary, seasonal move. Tyndall received that notification, stopped mailing me paper statements and began charging me inactive fees. That continued until my account balance was $0. They never reached out by phone or again to my permanent address, both of which they had on file. They refuse to reverse the fees. If I were a loan customer, I'm sure I would have received a phone call. Poor customer service, Tyndall is obviously not concerned with customers' interests. Save your money someplace that is grateful.
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10754 |
| Year Chartered | 1956 |
| Employees | 245 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 9.21% |
| Annual Interest Income | $11.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $1.99B$1.65B |
| Loans | Q1 2021vs Q1 2020 | $855.8MM$743.2MM |
| Deposits | Q1 2021vs Q1 2020 | $1.58B$1.41B |
| Equity Capital | Q1 2021vs Q1 2020 | $197.4MM$194.0MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $3.5MM$5.5MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $823.00K$1.1MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$41.00K |
