An Ownership Share Account is the first step every member must take in order to build their relationship with Orlando Federal Credit Union. As a condition of membership you must maintain at least the par value of one full share, equal to $5 in your Ownership Share Account. The Ownership Share account is a non-transactional account and represents your ownership in the Credit Union. Any transfer or withdrawal from the Ownership Share account must be in the full amount of the account, and, upon such transfer or withdrawal, your membership in the Credit Union will be terminated.

Every member must also have a Share Savings Account to be eligible for any other OFCU products or services. The Share Savings account does not have a minimum balance requirement however is subject to an aggregate balance requirement to avoid a monthly service fee.

Minimum Balance Requirement to avoid a Monthly Service Fee:
Members must keep an aggregate balance (meaning total of all Shares and or Loans*) of at least $200.00 in their account daily, to avoid a $5.00 monthly fee in the Share Savings Account.

  • Members with a Share Savings only account are subject to the minimum balance requirement for Savings.
  • Members with a Share Savings & Checking account are subject to the minimum balance requirement for checking.
  • Members with Share Savings, Checking & Money Market are subject to the Checking and Money Market balance requirements.

Minimum Balance requirement to earn Dividends in Share Savings:
Members who maintain a balance of at least $200.00 are eligible for dividends (paid monthly).

Notice: Share Savings Accounts are variable rate accounts, and the rates may change. Fees and other conditions may reduce earnings. Any savings account below $200 becomes inactive after 1 year of no activity. To avoid a $5 per month dormant account fee, we suggest at least one member generated transaction per year.