Products

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Products

MASTERCARD CREDIT CARD

Discover the advantages of a Master Card or Platinum Master Card with Okaloosa County Teachers FCU. We offer one of the most competitive card programs. Once you carry our card you will not need any other credit card. Our service includes:

Low Annual Percentage Rates
One rate for both purchases and cash advances
No Annual Fee
25 day interest free grace period on purchases
No transaction fee for cash advances

LINE OF CREDIT

This Line of Credit is an open account which is available through the members review date.
Line of Credit advances will be a minimum of $100.00.
Monthly payments will vary with the minimum payment being $35.00.
Loan drafts are available at the Loan Officers desecration.
Advances can be dispersed by the tellers or the loan department.

NEW AUTO LOANS

New auto financing available for autos that have never been titled, Demos, current year and one year old autos that have less than 15,000 miles.
A buyer's agreement is required.
Insurance is required from the full term of the loan with a $1000.00 maximum deductible.
Terms are up to 72 months based on the mileage, age, and amount financed.
We will finance up to 100% of purchase price plus tax, tag, title, warranty, and GAP insurance.
A buyers agreement from the dealer is required.
Insurance is required for the full term of the loan with a $1,000.00 maximum deductible.
Terms are up to 66 months based on the mileage, age, and amount financed.
We will finance up to 100% plus tax, tag, title, warranty, and GAP insurance.

NEW AUTO LOAN

USED AUTO LOAN

FIRST MORTGAGE

We offer a full range of affordable first mortgage loans with low closing costs. Refinance your mortgage or purchase that first home with a 100% first mortgage.

We will make the application process simple, and you can count on the personal service you've come to expect from Okaloosa County Teachers FCU.

To apply online, go to https://www.onlinemortgage123.com/default.aspx?10000002

SHARE SAVINGS

You automatically open a share savings account when you become a member. Your minimum opening deposit of $5.00 goes directly into this account and you will earn competitive dividends/interest paid quarterly. You'll find saving is easy with payroll deduction, ACH, deposit by mail, or "In Person".

MONTHLY SERVICE CHARGES
None

BENEFITS

Unlimited check writing
Direct Deposit
Monthly statement
Payroll deduction
Overdraft protection available
First order of checks free
eStatements
Courtesy Pay

Minimal fees will apply for copies of drafts, stop payments, overdraft transfer fees, return items, etc.

HOME EQUITY LOANS

We offer home equity lines of credit that allows you to keep money at your fingertips when you need it. Access the equity you've built in your home for education expenses, home improvements, a vacation, or even a new car.

Advantages of an Okaloosa County Teachers FCU Home Equity Line of Credit:

Variable Rate as low as Prime*
Interest may be tax deductible**
Borrow 75% Loan-To-Value with 5 year draw and 15 year term.
Only pay interest on the money you use

* The APR is determined by the Prime Lending Rate posted in the Wall Street Journal.
** The interest may be tax deductible. Check with your tax advisor.

FIXED RATE SECOND MORTGAGE

We offer fixed rate second mortgages with 5 year, 10 year and 15 year terms. One time closing with no additional draws. You may borrow up to 95% Loan-To-Value.

CERTIFICATE OF DEPOSIT AND SHARE/SAVINGS SECURED LOANS

A member can borrow against their certificate of deposit and/or share/savings account.
All accounts that are pledged for the loan must have funds frozen in the amount of the loan account .
We can not make a loan secured by money in an IRA account.

Share Certificates provide a safe way to save for the future whether you have short or long term needs. Certificates are available for a minimum of $1000.00 with rates on various terms. Terms are from 31 days out to 30 months.

SHARE CERTIFICATES

EARLY WITHDRAWAL PENALTY: If the maturity of a share certificate is one year or less, the forfeiture is equal to 90 days dividends. If the maturity of a share certificate is more than one year, the forfeiture is equal to 180 days dividends. Call a member service representative at 850-682-2225.

Minimum amount of $1000.00 to open account.
$5.00 monthly service fee if the balance drops below $1000.00
Obtain unlimited "in person" withdrawals
Use 24 hour audio response and home banking for unlimited transactions.
Transaction Fees and Limitations:
Debit transactions up to 3 per statement cycle are free. Debit transactions in excess of 3 per statement cycle are $3.00 per debit. Transfers from a money market account or to third parties by preauthorized, automatic, telephone, or ATM transfers (to third parties only) are limited by federal regulations to 6 per statement cycle with no more than 3 by check draft, debit card, or similar order to third parties.
Dividend rate and annual percentage yield may change at any time as determined by the board of directors.
Dividends are compounded and credited monthly.

INDIVIDUAL RETIREMENT ACCOUNT (IRA)

The Credit Union offers Traditional IRAs, ROTH IRAs and Education IRAs. Contact the credit union's IRA department for more information. Call a member service representative at 850-682-2225.

CHRISTMAS CLUB ACCOUNT

What would be the best present you could give yourself next Christmas? How about the chance to do your shopping without worrying about how to pay the bills? You can give yourself the gift of worry-free shopping by opening a Christmas Club account.

You can make regular deposits through payroll deduction, or you can deposit money at your convenience. Our Christmas Club account allows you to keep your holiday funds separate from your other savings and earn dividends on every dollar. Disbursements will be made at member's request.

VACATION CLUB ACCOUNT

You save for that dream vacation by opening a vacation club account. Earn dividends on every dollar. You can make regular deposits through payroll deduction, or you can deposit money at your convenience. Disbursement is made at member's request.