Those that may not have access to traditional checking accounts might need a credit-building account to start out. Central Florida Educators Federal Credit Unionâ€™s Opportunity Checking account fits this need.
The account offers traditional checking account products and services, but it also has some restrictions. There is no check writing with this account, and there is no courtesy pay option to handle overdrafts. There are no ATM deposit capabilities, no mobile check deposit and no shared branch access.
To graduate to a Choice Checking account, youâ€™ll need to complete an online financial literacy course.
As with the Choice Checking account, credit union members aged 55 and older opening an Opportunity Checking account are entitled to the additional features offered by the credit unionâ€™s Heritage Benefits program, including a free order of checks, free money orders and official checks, a safe deposit box rental discount, and participation in the SaveTopia Discount Program.
To open any type of account at Central Florida Educators Federal Credit Union, youâ€™ll need to start by becoming a member. You can do this online by providing a valid government-issued ID, such as a passport, driverâ€™s license or state ID, along with your complete physical address, email address and Social Security number.
To qualify for membership, youâ€™ll have to pay a $10 membership fee and live, work, volunteer, worship, own a business or attend school in Orange, Seminole, Osceola or Lake counties. You must also open and deposit $5 into a share savings account via a credit card, check, or debit card. During that process, you can choose to add a Choice checking account. However, additional checking accounts cannot be opened online. Youâ€™ll need to visit a Central Florida Educators Federal Credit Union branch or call the credit unionâ€™s contact center at (407) 896-9411 within or Orlando or (800) 771-9411 from outside Orlando.