Statement of Financial Soundness

In light of recent concerns about the condition of many financial institutions, Orlando Federal Credit Union’s President, Mr. John Neusaenger, released the following statement: “Orlando Federal Credit Union’s is a 72 year old, financial cooperative that only makes loans to our member/owners.  Making sound financial decisions is therefore crucial.  We do not participate in sub-prime mortgage lending and have not had significant delinquency in our real estate loans.  At Orlando Federal Credit Union, we believe in working in the best interest of our member/owners and have over 10% in capital reserves to provide assurance to safe and sound operating practices”.

Orlando Federal Credit Union is examined, regulated and insured by the National Credit Union Administration (NCUA), which sets strict guidelines for lending and depository practices. Your savings are federally insured to at least $100,000 and backed by the full faith and credit of the United States Government through the National Credit Union Share Insurance Fund (pick up “Your guide to insurance coverage by the NCUA” at one of our locations).  It is possible to structure the ownership of your accounts to obtain as much as $650,000 in deposit insurance coverage.  Please contact us for details!

How safe is your money? Hear a top federal official explain how savings in a credit union are fully insured by a U.S. Government Agency click here<<

Bauer Financial rating service Find out how your credit union rated! Click here http://www.bauerfinancial.com/home.html

Informational video about NCUA Insurance  

The Dan Mica Minute Dan Mica, President/CEO of CUNA speaks out about financial soundness of Credit Unions