PANAMA CITY, Fla. (7/31/09)--Tyndall CU has launched tyndallonline, an online-only credit union that will be available solely to Okaloosa and Walton Counties in Florida. The Panama City, Fla.-based credit union said the online credit union will offer checking accounts, savings products, and several types of consumer loans and mortgages through its website, tyndallonline.com. The credit union is wholly owned by Tyndall FCU, a $950 million-plus credit union, and is insured by the National Credit Union Administration. According to Tyndall FCU President/CEO Jim Warren, "tyndallonline is designed to have very low operating costs with an industry-leading website." The credit union is offering several promotions: a 2.l99% annual percentage rate (APR) rate on new- and used-auto loans; a rebate of $450 on mortgage loan closing costs; and several certificate specials for deposits.