Average User Rating:
4 star rating based on 1 review.

Florida West Coast Credit Union

Florida West Coast Credit Union Locations

1225 Millennium Parkway
Brandon, FL 33511
(813) 643-5572
www.fwccu.com

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Florida West Coast Credit Union is headquartered in BRANDON and is the 66^th largest credit union in the state of Florida. It is also the 1,677^th largest credit union in the nation. It was established in 1991 and as of December of 2011, it had grown to 26 employees and 8,866 members. Florida West Coast Credit Union has a 5-star health rating.

Florida West Coast Credit Union Routing Number: 263182833

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See Rates for: Savings | Money Market | CD | IRA

Florida West Coast Credit Union Savings Account Rates

Apy	Min	Max	Product
0.75%	$50k	-	IRA Savings Account
0.75%	$50k	-	Roth IRA Savings Account
0.30%	$10k	-	Regular Savings Account
0.30%	$10k	-	Christmas Club Account
0.30%	$10k	-	Vacation Club Account

Florida West Coast Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$50k	-	Money Market Account

Florida West Coast Credit Union CD Rates

Apy	Min	Max	Product
1.00%	$1k	-	24 Month Certificate
0.60%	$500	-	12 Month Certificate
0.40%	$1k	-	6 Month Certificate

Florida West Coast Credit Union IRA Rates

Apy	Min	Max	Product
1.00%	$1k	-	24 Month IRA Certificate
1.00%	$1k	-	24 Month Roth IRA Certificate
0.60%	$1k	-	12 Month IRA Certificate
0.60%	$1k	-	12 Month Roth IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

FLORIDA WEST COAST
NCUA #	67337
BankRate Report	View
Year Chartered	1991
Employees	26
Primary Regulator
Assets and Liabilities
Assets	$78.88 million
Loans	$32.90 million
Deposits	$71.46 million
Equity Capital	$6.64 million
Loan Loss Allowance	$624,000
Unbacked Noncurrent Loans	$173,000
Historic Data - December 2010
Assets	$75.36 million
Equity Capital	$6.10 million
Loan Loss Allowance	$708,000
Unbacked Noncurrent Loans	$312,000
Profit Margin - Quarterly
Net Interest Margin	5.55%
Return on Assets	0.6%
Return on Equity	7.16%
Interest Income	$2.28 million
Non-Interest Income	$1.44 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Florida West Coast Credit Union had $173,000 in non-current loans and owned real-estate with $7.26 million in equity and loan loss allowances on hand to cover it. This gives Florida West Coast Credit Union a Texas Ratio of 2.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Florida West Coast Credit Union decreased significantly from 4.58% as of December 31, 2010 to 2.38% as of December 31, 2011, resulting in a positive change of 48.00%.This indicates that the balance sheet and financial strength for Florida West Coast Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Florida West Coast Credit Union has increased its total deposits by $2.64 million, resulting in 3.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Florida West Coast Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Florida West Coast Credit Union has $78.88 million in assets with $7.26 million in equity, resulting in a capitalization level of 9.21%, which is average.

Friendly Staff, Horrible Website
4 stars

- justbecause - Saturday, March 5, 2011 - 1:53 AM

I've been with FWCCU for a while now. I made the switch because of the upcoming added fees by the regular banks. The staff is great, very professional and helpful. However their website and ATMS are horrible. I suppose I'm just used to using the BOA ATM's and website, but I'll have to make due to keep from paying fees. The FWCCU Bill Pay has very few electronically paid bills and they send most out via check. This is not usually a problem until the time that the check was lost in the mail. Yes, the check was actually lost in the mail. My account was charged for the check but TECO never received it. Their ATMS still take deposits the old fashioned way. With an envelope. But hey, NO fees!