Tyndall Federal Credit Union is a not-for-profit financial organization that is member owned and operated. We strive to keep our members’ best interest at the core of everything we do. Since the credit union is a financial cooperative, we return any profits back to our member-owners in the form of low loan rates, competitive deposit rates, and fewer and lower fees.
Credit unions are similar to other financial institutions in many ways, but we have one very important difference: we are owned by our members and are dedicated to serving them,not stockholders. Since the credit union is a financial cooperative, we return any profits back to our member-owners in the form of low loan rates, competitive deposit rates, and fewer and lower fees.
As long as you live, work, worship, or attend school in one of our qualifying geographic areas, or if you are part of a qualifying group or business, you may join Tyndall. This membership allows you to take advantage of our low loan rates, outstanding products, and exceptional member service. Visit tyndall.org/FOM to check your eligibility.
At Tyndall Federal Credit Union, we are as much a part of the community as you are. That is why we believe in volunteering our time and donating our resources to local charities. We also volunteer in the local schools because we believe early financial education is an important building block in a child’s growth and development. In fact, we have created the Tyndall Savers program to highlight youth savings and education.
Tyndall Federal Credit Union FAQ
Q: What is a Credit Union?
A: A credit union is a cooperative, not-for-profit financial institution formed on the premise of "People Helping People." Each member is an OWNER; credit unions answer to their members, not to stockholders. Because credit unions are not-for-profit organizations, any profits earned by the institution are given back to the members in the form of low loan rates, competitive deposit rates, and fewer and lower fees.
Q: Is a Tyndall Federal Credit Union insured?
A: We offer you financial security under the National Credit Union Administration (NCUA). Your savings are federally insured up to at least $250,000 and are backed by the full faith and credit of the United States Government.
Q: What is the difference between a credit union and a bank?
A: A credit union is a not-for-profit financial institution that is owned by the people who belong to the credit union. Members purchase one share in the credit union, which gives each member the right to vote for their representatives on the Board of Directors. The Board is an all-volunteer Board and they operate with the members’ best interest in mind. Whether members have $5 or $50,000 in the credit union, they are treated equally. All profits made by the credit union are returned to the member in the form of low loan rates, competitive deposit rates and low fees. Banks, on the other hand, are for-profit organizations and are owned by investors/stockholders. Those stockholders select the Board of Directors; accountholders have no say in who serves on the Board. In addition, all profits are returned to those stockholders, and the Board operates with the stockholders’ best interest in mind. Because they operate for-profit, banks regularly treat their accountholders differently based on their account relationship; those with larger balances often receive better service than those with small balances.
Q: What types of loans does Tyndall Federal Credit Union offer?
A: We offer many different types of loans, including mortgages, home refinances, auto loans, auto refinances, secured loans, RV loans, motorcycle loans, boat loans, home equity loans, and credit card options. With the exception of business loans, we offer the same types of loans you would expect from a big national bank, usually at better rates.
Q: How can I apply for a loan?
A: It’s easy! Visit tyndall.org and apply online through e-Lend. Or, speak with a representative by calling us at 850-747-4321 (877-747-4321, toll-free) or by visiting one of our 12 convenient branch locations.
Q: Why should I refinance my auto loan?
A: Interest rates vary over the years and if you purchased your car during a time when the interest rates were higher, you could save significantly by refinancing your auto loan at today’s low rates. Tyndall Federal Credit Union offers some of the lowest rates around and refinancing could save you thousands over the lifetime of your loan. We offer low rates and an easy refinance process! Visit tyndall.org and apply online through e-Lend. Or, speak with a representative by calling us at 850-747-4321 (877- 747-4321, toll-free) or by visiting one of our 12 convenient branch locations.
Q: What is a home equity line of credit, and what can I use it for?
A: A home equity line of credit is a loan that uses your home as collateral and is based on the equity that you have in your home. Your home is one of the most valuable financial assets you have, so use your home to your advantage. You can use the loan to fund practically anything you wish! With a home equity line of credit, you take advances from the loan as you need them (up to your credit limit) and you only pay interest on the amount you borrow. It is a great way to fund home improvement projects, pay for unexpected medical bills, consolidate credit card bills, etc., and it can be used when you need it. You can even use it as a college fund for your child. So visit tyndall.org today to apply for your home equity line of credit.
Q: Why should I refinance my mortgage?
A: It’s simple. You could save hundreds of thousands of dollars over the lifetime of your loan by reducing the term to 15, 10, or even 8 years. Visit tyndall.org for more information. If you would like to speak with a representative, call our Mortgage Department at 850-747-4150 (888-896-3255, ext. 8150, toll-free) or stop by one of our 12 convenient branch locations.