On 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.