Orange County Teachers Federal Credit Union

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Orange County Teachers Federal Credit Union is federally-chartered credit union headquartered in Santa Ana, California that serves the educational community in Southern California. It is commonly known by the acronym "OCTFCU", which many people (with the exception of OCTFCU teammembers) attempt to pronounce OCK-tuh-fuh-coo.

OCTFCU was founded in 1934 by a group of 125 school employees who pooled $1,200 and established Orange County Teachers Credit Union with a California state charter. (The switch to a federal charter in 1983 added Federal to its name.)

In its 2005 annual report, OCTFCU reported USD$5.96 billion in assets, making it the fifth-largest credit union in the United States by asset size. Net income for that year was $88.35 million, and total capital $690 million. Their 11.6% capital to asset ratio is one of the best in the U.S. banking industry. They reported having 330,628 members at the end of 2005.

The common bond for OCTFCU Members is the educational industry.

OCTFCU’s service area is the following Southern California counties:

Within those counties, OCTFCU serves employees of the following educational entities:

Public elementary and secondary schools
Private elementary and secondary schools that are listed as a private school in the California Department of Education School Directory
County Superintendents of Schools
Community colleges
Authorized colleges and universities that offer degree programs
Authorized education foundations
The credit union serves both classified and unclassified employees

In addition, OCTFCU serves the following:

Members of the boards of trustees of eligible schools
Educators who have retired from one of the above eligible educational entities, who are receiving a pension or annuity from that entity’s retirement program, such as STRS or PERS
Immediate family members of any existing OCTFCU Member (spouse, mother, father, brother, sister, son, daughter, grandparent, grandchild)