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Overview / Commentary
P.O. Box 1898
Key West, FL 33041

September 24, 2009, – The National Credit Union Administration (NCUA) today assumed control of service and operations at Keys Federal Credit Union of Key West, Florida.NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.

Field of Membership Restrictions

Must live or work anywhere in the Florida Keys. - See Details

Reviews (1)

Great Local Alternative to big banks

Very good customer service, that makes you feel welcome. Unlike big chain banks that might hit you oveer the head with overdraft fees and the like. This credit union is very forgiving if you overdraw your account, they are personable and knowledgeable in the products they offer.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Keys Credit Union had $1.71 million in non-current loans and owned real-estate with $5.44 million in equity and loan loss allowances on hand to cover it. This gives Keys Credit Union a Texas Ratio of 31.47% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Keys Credit Union decreased dramatically from 53.28% as of March 31, 2013 to 31.47% as of March 31, 2014, resulting in a positive change of 40.94%.This indicates that the balance sheet and financial strength for Keys Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Keys Credit Union has decreased its total deposits by -$4.29 million, resulting in -3.52% 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 Keys Credit Union has shown is below average.



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. Keys Credit Union has $124.72 million in assets with $5.44 million in equity, resulting in a capitalization level of 4.36%, which is poor.

Institution Statistics

NCUA #4135
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$124.72 million
Loans$92.10 million
Deposits$117.57 million
Equity Capital$4.86 million
Loan Loss Allowance$589,000
Unbacked Noncurrent Loans$466,000
Real Estate Owned$1.25 million
Historic Data - March 2013
Assets$129.66 million
Equity Capital$4.63 million
Loan Loss Allowance$516,000
Unbacked Noncurrent Loans$466,000
Real Estate Owned$1.74 million
Profit Margin - Quarterly
Net Interest Margin1.13%
Return on Assets-0.15%
Return on Equity-3.95%
Interest Income$1.10 million

Always verify rates and promotions with the bank or credit union. We are not Keys Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Keys Credit Union Savings Account Rates

0.01%--Keys Savings Account
0.01%$50-Kirby Kids Savings Account

Keys Credit Union Money Market Rates

0.05%$500k-Keys Money Market Account
0.05%$500k-Keys IRA Money Market Account
0.05%$500k-Keys Business Money Market Account

Keys Credit Union Checking Account Rates

0.01%$1k-Keys Premier Checking
0.01%$500-Keys 50-Plus Checking
0.01%$1k-Keys Premier Business Checking

Keys Credit Union CD Rates

0.40%$500-60 Month Share Certificate
0.40%$100k-60 Month Jumbo Share Certificate
0.30%$500-48 Month Share Certificate
0.30%$100k-48 Month Jumbo Share Certificate
0.25%$500-36 Month Share Certificate
0.25%$100k-36 Month Jumbo Share Certificate
0.20%$500-24 Month Share Certificate
0.20%$100k-24 Month Jumbo Share Certificate
0.10%$500-12 Month Share Certificate
0.10%$100k-12 Month Jumbo Share Certificate
0.05%$2,500-6 Month Share Certificate
0.05%$100k-6 Month Jumbo Share Certificate
0.01%$2,500-91 Day Share Certificate
0.01%$100k-91 Day Jumbo Share Certificate

Keys Credit Union IRA Rates

0.40%$500-60 Month IRA Certificate
0.40%$100k-60 Month Jumbo IRA Certificate
0.30%$500-48 Month IRA Certificate
0.30%$100k-48 Month Jumbo IRA Certificate
0.25%$500-36 Month IRA Certificate
0.25%$100k-36 Month Jumbo IRA Certificate
0.20%$500-24 Month IRA Certificate
0.20%$100k-24 Month Jumbo IRA Certificate
0.10%$500-12 Month IRA Certificate
0.10%$100k-12 Month Jumbo IRA Certificate
0.05%$2,500-6 Month IRA Certificate
0.05%$100k-6 Month Jumbo IRA Certificate
0.01%$2,500-91 Day IRA Certificate
0.01%$100k-91 Day Jumbo IRA Certificate

Keys Credit Union Locations
Branch Office12790 Overseas HwyMarathon, FL 33050
Branch Office514 Southard StKey West, FL 33040
Branch Office3022 N Roosevelt BlvdKey West, FL 33040