Company Profile
Orlando Credit Union
Company Overview
Orlando Credit Union was founded on the universal credit union creed of “not for profit, not for charity, but for service.” It’s why nearly 25,000 members turn to us still, more than 80 years after we were founded. We believe in offering a better banking alternative and strive to empower our members to achieve their dreams.
Orlando Credit Union employees empower their members to make better financial decisions and assist them in achieving their dreams. Our Team makes a difference throughout our local communities, volunteering with local charities, supporting local events and building strong relationships with neighboring organizations and businesses.
Company History
In April 1, 1936, the Orlando City Employees Federal Credit Union was chartered based on a petition signed by 27 employees of the city. It opened for business in a closet on the second floor of Orlando City Hall with an initial deposit of $140. City of Orlando employees volunteered as credit union employees during volunteer hours. As it grew, the credit union hired employees as permanent staff to replace the volunteers and serve its members.
On January 21, 1974, the National Credit Union Administration (NCUA) approved the name change to Orlando Federal Credit Union. This change also signaled the beginning of an expanded membership base. Our credit union grew to allow members to join from throughout our community, such as citizens and employees of Orange County, Orlando Utilities Commission, the City of Winter Park, Greater Orlando Aviation Authority and Lynx. Today, we offer our services to everyone who lives, works, worships, volunteers, or attends school in Orange, Osceola, Seminole and Lake counties and the businesses in these counties.
October 1, 2019, marks a historical moment for our credit union; we are officially Orlando Credit Union. By a majority vote, the membership approved the conversion at the special membership meeting held September 5, 2019, to convert from a federally-chartered credit union to a state-chartered federally insured credit union. This change signals the beginning of an expanded membership base beyond Orange, Osceola, Seminole and Lake counties, to include Volusia, Brevard, Polk and Hillsbourough Counties.
Benefits
We offer free employee health care, contribution towards your health savings account, free employee dental care, tuition reimbursement, life insurance, long term disability, an employee assistance program to provide guidance through life’s day to day issues, and up to a 6% employer match on 401K contributions.