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P.O. Box 7492
Tampa, FL 33673

Tampa Bay Federal Credit Union is headquartered in Tampa and is the 40th largest credit union in the state of Florida. It is also the 870th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 76 employees and 27,603 members. Tampa Bay Federal Credit Union has a A health rating.

Field of Membership Restrictions

Membership is open to members of the credit union's Prime Time Club. There's a onetime fee of $10 for the Prime Time Club. You can also be eligible to join the credit union via select employer groups and via your immediate family. - See Details

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Reviews (4)

I Would Never Recommend This Credit Union!!!!

I have a car loan with them but in mid 2010 I was going thru hardship and I requested a payment reduction. After I did so many paper work the approved it, the payment plan was good for 6 months & after that I needed to start the regular payment. The car is suppost to be paid off by April but do to the arregement it was suppost to get extended like 3 to 4 months. The always write their convenience on the system now they are saying that the car is almost 1000.00 past due and they been harrasing me for the payment that on the agreement we stated that the only problem I was going to have was that the car was not going to get paid off on time. I did understand everything and now they want to refinance the car like if I just but it. I would never recommend this Credit Union because they always call with attitude and they are really bad with customer service. If you are thinking about opening a account with them please think twice because I have accounts with other banks and also more car loans and I have ever had this problem. They are always nice at the beginning but after all they are not woth it

In December Tampa Bay FCU Changed Its Account To 3

In December Tampa Bay FCU changed its account to 3.01% apy on a maximum of $20000.

Tampa bay FCU not only reduced its interest rate but also reduced the max amount it would be calculated on.  Notifications and account information state interest rates may change without notice (and they will and did) but there is no information that the maximum amount on which the interest rate will be based on would change.  They do not notify you about the change.  There is difficulty in identifying the rate you are receiving.  Information about the account states you will get 3.01% apy yet statements show your apy and it is never 3.01%.

Poor Health

Been with them several years and leaving.  They have been cutting locations and raising fees.  No help when they were needed, and their tellers don't seem generally happy.  No problems with accounts, but TBFCU has the appearances of a bank going out of business.  I would blame it on the economy, but their competition seems to be doing well.  Cannot recommend. 

A Good Bank

I have been with this bank for 13 years (as of 2011), and I have been happy with them. We have had two car loans, a boat loan, and two lines of credit, and a Platinum Visa through them with no problems. They have always worked with us when we needed it. The two occasions that they did make an error, they fixed it as soon as I contacted them. I did have a customer service rep get snippy with me once, but I complained and have never had the issue again. My one complaint withtheir service is that if your account gets low, they hit you very hard with the fees. I made a banking error, and it was totally my fault. I accidently paid a large bill twice. They bounced a check, charged me a fee for bouncing it which put me negative, and then charged me another fee for being negative. The two fees put me about $80 in the red. This is standard bank practice. I just noted how high the fees were. I do wish they had more locations or cooperated with other credit unions more. I moved outside of Tampa, and it is a heck of a drive everytime I have business with them. Other than those things, it is a good bank. Overall, their reps are friendly and informed. They have services like text messaging you if your account gets under a certain balance. Their online banking is really nice. You can make loan and credit card payments, transfer between your accounts, or with signed papers you can transfer into someone elses, see histories, and do many other things right from your laptop. I intend on staying with them.


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 Tampa Bay Federal Credit Union had $961,000 in non-current loans and owned real-estate with $22.94 million in equity and loan loss allowances on hand to cover it. This gives Tampa Bay Federal Credit Union a Texas Ratio of 4.19% 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 Tampa Bay Federal Credit Union decreased dramatically from 8.10% as of March 31, 2013 to 4.19% as of March 31, 2014, resulting in a positive change of 48.28%.This indicates that the balance sheet and financial strength for Tampa Bay Federal Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Tampa Bay Federal Credit Union has increased its total deposits by $3.79 million, resulting in 1.96% 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 Tampa Bay Federal Credit Union has shown is above 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. Tampa Bay Federal Credit Union has $221.28 million in assets with $22.94 million in equity, resulting in a capitalization level of 10.37%, which is above average.

Institution Statistics

NCUA #352
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$221.28 million
Loans$164.25 million
Deposits$197.00 million
Equity Capital$22.05 million
Loan Loss Allowance$895,000
Unbacked Noncurrent Loans$961,000
Real Estate Owned$0
Historic Data - March 2013
Assets$215.66 million
Equity Capital$20.08 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$961,000
Real Estate Owned$15,000
Profit Margin - Quarterly
Return on Assets0.42%
Return on Equity4.19%
Interest Income$2.05 million

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

Tampa Bay Federal Credit Union Savings Account Rates

0.20%$100k-Traditional IRA Savings
0.20%$100k-Roth IRA Savings
0.20%$100k-Coverdell Educational Savings
0.03%$3,500-Regular Share Savings
0.03%$3,500-Single Service Savings
0.03%$3,500-Holiday Club Savings
0.03%$10k-Small Business Savings
0.03%$10k-Small Business Special Savings
0.02%$3,500-Special Savings
0.00%$3,500-Mortgage Escrow

Tampa Bay Federal Credit Union Money Market Rates

0.25%$100k-Super Money Market
0.15%$50k-Regular Money Market
0.15%$50k-Small Business Money Market

Tampa Bay Federal Credit Union Checking Account Rates

2.00%-$5kReward Checking - Qualifying
0.10%$100k-Small Business Checking
0.02%$10k-Access Plus Checking
0.02%$10k-Club Access Checking
0.02%$10k-Club 50 Checking
0.02%$3,500-Club Premier Checking
0.02%--Reward Checking - Non Qualifying

Tampa Bay Federal Credit Union CD Rates

1.80%$500-60 Month CD
1.50%$500-48 - 59 Month CD
1.35%$500-36 - 47 Month CD
1.15%$500-24 - 35 Month CD
0.71%$500-18 Month Market Watch CD
0.60%$500-12 - 23 Month CD
0.28%$100k-6 - 11 Month CD
0.18%$10k-7 Month Liquid CD
0.03%$500-3 - 5 Month CD

Tampa Bay Federal Credit Union IRA Rates

1.80%$500-60 Month IRA Certficate
1.50%$500-36 - 47 Month IRA Certficate
1.50%$500-48 - 59 Month IRA Certficate
1.15%$500-24 - 35 Month IRA Certficate
0.60%$500-12 - 23 Month IRA Certficate
0.20%$100k-6 - 11 Month IRA Certficate
0.03%$500-3 - 5 Month IRA Certficate

Tampa Bay Federal Credit Union Locations
Branch Office10845 Boyette RdRiverview, FL 33569
Branch Office710 Oakfield DrBrandon, FL 33511
Branch Office14990 N Florida AveTampa, FL 33613
Branch Office7250 Sheldon RdTampa, FL 33615
Branch Office3815 N Nebraska AveTampa, FL 33603