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Okaloosa County Teachers FCU

We at OCTFCU pride ourselves on being there when our members need us most. This includes having the money to lend when you’re looking to purchase a new or pre-owned vehicle, home or some other must-have.

Click here for our online applications!

Upload insurance information here.

Choose from these products and services:

NEW AUTO LOANS

  • New auto financing available for current year and up to 5 year old autos up to 48,000 miles.
  • A buyer's agreement is required.
  • Insurance is required for the full term of the loan with a $1,000.00 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 not to exceed 105% of retail value. 

USED AUTO LOANS

  • Used auto financing available for current year and older, in excess of 48,000 miles.
  • A buyer's agreement or a vehicle inspection is required.
  • Insurance is required for the full term of the loan with a $1,000.00 maximum deductible.
  • Terms are up to 72 months based on the mileage, age, and amount financed.
  • We will finance up to 105% of purchase price plus tax, tag, title, warranty, and GAP insurance not to exceed 105% of retail value.

MASTERCARD CREDIT CARD

Discover the advantages of a MasterCard or Platinum MasterCard 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. Please visit us at the branch closest to you to fill out a credit card application.

  • 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
  • No transaction fee for balance transfers 

SCOREBUILDER LOAN

Get ready to score big with "Team Okaloosa" and the OCTFCU's ScoreBuilder Loan. The goal is to re-build and establish credit. Apply for an unsecured loan with a max amount $1,000, or used auto loan with a max amount of $12,000 (including tax, tag, title, and GAP

Qualify is easy!

  • You will need on the job experience in the same line of work for at least 2 years.
  • Your credit score must be between 550 & 634 (or lower; just ask)
  • No late payments, no new credit, no excessive inquire
  • You must enroll in Direct Deposit.

LINE OF CREDIT 

  • This Line of Credit is an open account 
  • Monthly payments will vary with the minimum payment being $35.00.  
  • Advances can be dispersed by the tellers or the loan department. 

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.

In compliance with the Secure and Fair Enforcement of the Mortgage Licensing Act, also known as the SAFE ACT, Okaloosa County Teachers Federal Credit Union, upon request, will provide you with any of our mortgage originators NMLS identification number. The major purpose of the SAFE Act is to increase consumer protection and awareness by allowing consumers access to mortgage loan originator information with whom they wish to conduct business. You may access information at the nationwide mortgage licensing registry at www.nmlsconsumeraccess.org.

HOME EQUITY LOANS

We offer home equity lines of credit that allows you to keep money at your fingertips when you need it.  
Advantages of an Okaloosa County Teachers FCU Home Equity Line of Credit:
  • Variable Rate as low as Prime*
  • Interest may be tax deductible**
  • Borrow 80% 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.