Whois & Analysis for tfcu.coop

Tinker Federal Credit Union (TFCU) is a credit union headquartered in Oklahoma City, Oklahoma.

Chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government.

TFCU is the largest credit union in Oklahoma and serves Air Force personnel from the Tinker Air Force Base as well as the employees of more than 700 area companies.

As of January 26, 2017, TFCU has $3.5 billion in assets, over 344,000 members and 31 full-service branches, as well as four TFCU Express Electronic Service Centers.

A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.

Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.

A transaction account, checking account, current account or demand deposit account is a deposit account held at a bank or other financial institution.

It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct.

Access may be in a variety of ways, such as cash withdrawals, use of cheques and debit by electronic transfer.

In economic terms, the funds held in a transaction account are regarded as liquid funds and in accounting terms they are considered as cash.

A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

The loan is "secured" on the borrower's property.

This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.

The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.