2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Tampa Bay Federal Credit Union

Tampa Bay Federal Credit Union Locations
P.O. Box 7492
Tampa, FL 33673-7492
(813) 247-4414
www.tampabayfcu.org



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 816st largest credit union in the nation. It was established in 1935 and as of September of 2011, it had grown to 65 employees and 27,064 members. Tampa Bay Federal Credit Union has a 3-star health rating.

Tampa Bay Federal Credit Union Routing Number: 063192214

Related Posts

4.01% Reward Checking Account at Tampa Bay Federal Credit Union - 3/30/2009

Tampa Bay FCU is offering a reward checking account called Premium Checking. The account offers the following features if certain monthly requirements are met:4.01% APY on balances up to $30,0000.75% APY on balances over $30,0000.10% base rate if...



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

Tampa Bay Federal Credit Union Checking Account Rates

ApyMinMaxProduct
2.00%-$10kPremium Checking
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

Tampa Bay Federal Credit Union Savings Account Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
0.20%$50k-Super Money Market
0.15%$50k-Regular Money Market
0.15%$50k-Small Business Money Market

Tampa Bay Federal Credit Union CD Rates

ApyMinMaxProduct
0.35%$50k-24 - 35 Month CD
0.33%$500-60 Month CD
0.28%$500-36 - 47 Month CD
0.28%$500-48 - 59 Month CD
0.20%$10k-12 - 23 Month CD
0.18%$10k-7 Month Liquid CD
0.08%$500-6 - 11 Month CD
0.03%$500-3 - 5 Month CD

Tampa Bay Federal Credit Union IRA Rates

ApyMinMaxProduct
0.35%$50k-24-35 Month IRA Certficate
0.35%$50k-24-35 Month Roth IRA Certficate
0.35%$50k-24-35 Month CESA Certficate
0.33%$500-60 Month IRA Certficate
0.33%$500-60 Month Roth IRA Certficate
0.33%$500-60 Month CESA Certficate
0.28%$500-36-47 Month IRA Certficate
0.28%$500-48-59 Month IRA Certficate
0.28%$500-36-47 Month Roth IRA Certficate
0.28%$500-48-59 Month Roth IRA Certficate
0.28%$500-36-47 Month CESA Certficate
0.28%$500-48-59 Month CESA Certficate
0.20%$100k-6-11 Month IRA Certficate
0.20%$10k-12-23 Month IRA Certficate
0.20%$100k-6-11 Month Roth IRA Certficate
0.20%$10k-12-23 Month Roth IRA Certficate
0.20%$100k-6-11 Month CESA Certficate
0.20%$10k-12-23 Month CESA Certficate
0.03%$500-3-5 Month IRA Certficate
0.03%$500-3-5 Month Roth IRA Certficate
0.03%$500-3-5 Month CESA Certficate

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


TAMPA BAY
NCUA #352
BankRate ReportView
Year Established1935
Employees65
Primary Regulator

Assets and Liabilities

Assets$216.86 million
Loans$148.92 million
Deposits$200.23 million
Equity Capital$13.73 million
Loan Loss Allowance$4.88 million
Unbacked Noncurrent Loans$3.83 million
Real Estate Owned$732,000

Historic Data - September 2010

Assets$233.91 million
Equity Capital$13.76 million
Loan Loss Allowance$6.40 million
Unbacked Noncurrent Loans$4.98 million
Real Estate Owned$186,000

Profit Margin - Quarterly

Net Interest Margin4.51%
Return on Assets0.5%
Return on Equity7.84%
Interest Income$7.45 million
Non-Interest Income$3.73 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 Tampa Bay Federal Credit Union had $4.56 million in non-current loans and owned real-estate with $18.61 million in equity and loan loss allowances on hand to cover it. This gives Tampa Bay Federal Credit Union a Texas Ratio of 24.49% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Tampa Bay Federal Credit Union held steady from 25.61% as of September 30, 2010 to 24.49% as of September 30, 2011, resulting in a positive change of 4.37%.This indicates that the balance sheet and financial strength for Tampa Bay Federal Credit Union has held steady in recent periods.
Deposit Growth1
In the past year, Tampa Bay Federal Credit Union has decreased its total deposits by -$17.06 million, resulting in -7.85% 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 poor.
Capitalization3
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 $216.86 million in assets with $18.61 million in equity, resulting in a capitalization level of 8.58%, which is average.
Write Review

I Would Never Recommend This Credit Union!!!!
1 stars - cmarieliz - Wednesday, February 9, 2011 - 6:21 PM

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

3

In December Tampa Bay FCU Changed Its Account To 3
2 stars - Anonymous - Monday, March 1, 2010 - 1:59 PM

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%.

3

A Good Bank
4 stars - myrab51 - Friday, April 8, 2011 - 12:16 AM

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.

1