McCoy Federal Credit Union: Your Trusted Financial Partner

About McCoy Federal Credit Union

McCoy Federal Credit Union (MCFCU) is a not-for-profit, member-owned financial institution that has been serving the community since 1950. With over $2 billion in assets and 140,000 members, MCFCU is one of the largest credit unions in Florida.

MCFCU offers a wide range of financial services, including:

• Checking and savings accounts
• Loans (e.g., personal loans, auto loans, mortgages)
• Credit cards
• Investments
• Insurance

Why Choose McCoy Federal Credit Union?

• 100% member-owned: We are not-for-profit, which means that our profits are reinvested into providing better services and lower rates for our members.
• Lower fees: We offer some of the lowest fees in the industry, saving our members money on their financial transactions.
• Exceptional customer service: Our staff is dedicated to providing our members with the highest level of service. We are consistently ranked among the top credit unions in the nation for customer satisfaction.
• Convenience: We have 19 branches and over 100 ATMs throughout Central Florida, making it easy for our members to access their accounts. We also offer online and mobile banking, making it convenient to bank with us anytime, anywhere.

Our Mission and Values

Our mission is to help our members achieve their financial goals. We believe that everyone deserves access to affordable, high-quality financial services.

Our values are:

• Excellence: We strive to provide the highest level of service and products to our members.
• Integrity: We are honest and ethical in all our dealings.
• Community: We are committed to giving back to the communities we serve.

How to Join McCoy Federal Credit Union

Joining MCFCU is easy. Anyone who lives, works, worships, or attends school in Central Florida is eligible to join. You can join online, at any of our branches, or by calling us at 1-800-677-4328.

Services Offered

Banking

• Checking accounts: We offer a variety of checking accounts to meet your needs, including basic checking, interest-bearing checking, and premium checking.
• Savings accounts: We offer a variety of savings accounts to help you save for your future, including passbook savings, money market accounts, and certificates of deposit.
• Loans: We offer a variety of loans to help you meet your financial goals, including personal loans, auto loans, and mortgages.
• Credit cards: We offer a variety of credit cards to help you build credit and earn rewards.

Investments

• Certificates of deposit (CDs): CDs are a safe and secure way to save for the future. We offer a variety of CD terms and rates to meet your needs.
• Money market accounts (MMAs): MMAs offer a higher rate of return than savings accounts, while still providing easy access to your funds.
• Mutual funds: Mutual funds are a diversified way to invest in stocks, bonds, and other investments. We offer a variety of mutual funds to meet your investment goals.

Insurance

• Auto insurance: We offer auto insurance to protect you and your vehicle from the unexpected.
• Homeowners insurance: We offer homeowners insurance to protect your home and belongings from damage or theft.
• Life insurance: We offer life insurance to provide financial protection for your loved ones in the event of your death.

Financial Planning

• Financial planning: We offer financial planning services to help you develop a plan to achieve your financial goals.
• Retirement planning: We offer retirement planning services to help you prepare for a secure financial future.

Our Impact

MCFCU is committed to making a positive impact on the communities we serve. We support a variety of local organizations, including schools, non-profits, and businesses.

In 2021, we donated over $1 million to local charities. We also provided over $1 billion in loans to small businesses, helping to create jobs and economic growth in our communities.

Stories from Our Members

• A young couple was able to buy their first home thanks to a low-interest loan from MCFCU.
• A single mother was able to get her car repaired after an accident, thanks to a personal loan from MCFCU.
• A retiree was able to supplement his income with the earnings from his investments with MCFCU.

These are just a few examples of how MCFCU is making a positive impact on the lives of our members.

Effective Strategies

• Set a budget: A budget will help you track your income and expenses, and make sure that you are not spending more than you earn.
• Save regularly: Even small amounts of money saved regularly can add up over time.
• Invest for the future: Investing is a great way to grow your savings and reach your financial goals.
• Be mindful of your credit: Your credit score can have a big impact on your ability to get a loan or a credit card.
• Get help when you need it: Don't be afraid to ask for help from a financial advisor or credit counselor if you are struggling with your finances.

Common Mistakes to Avoid

• Spending more than you earn: This can lead to debt and financial problems.
• Not saving for the future: It is important to start saving early so that you have a nest egg for retirement and other unexpected expenses.
• Taking on too much debt: Debt can be a burden, and it can be difficult to pay off if you have too much of it.
• Ignoring your credit: Your credit score can have a big impact on your financial life.
• Not getting help when you need it: If you are struggling with your finances, don't be afraid to ask for help from a financial advisor or credit counselor.

Step-by-Step Approach to Financial Planning

1. Set your financial goals: What do you want to achieve with your finances? Do you want to buy a house? Start a business? Retire early?
2. Assess your current financial situation: How much do you earn? How much do you spend? What are your assets and liabilities?
3. Develop a financial plan: This plan should outline how you will achieve your financial goals. It should include a budget, a savings plan, and an investment plan.
4. Implement your financial plan: Follow your plan and make adjustments as needed.

Conclusion

McCoy Federal Credit Union is a trusted financial partner that can help you achieve your financial goals. We offer a wide range of financial services, exceptional customer service, and convenient locations.

Join McCoy Federal Credit Union today and start saving for the future.

Tables

Table 1: Checking Account Comparison

Table 2: Savings Account Comparison

Table 3: Loan Comparison