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Overview / Commentary
3487 Clark Rd
Sarasota, FL 34231-8405

West Coast Federal is headquartered in Sarasota and is the 101st largest credit union in the state of Florida. It is also the 2,892nd largest credit union in the nation. It was established in 1948 and as of March of 2017, it had grown to 10 employees and 2,569 members at 2 locations. West Coast Federal has a B+ health rating.

Field of Membership Restrictions

Membership in West Coast Federal is open to the following: (1) those who live in DeSoto, Charlotte, Pinellas, or Lee Counties in Florida; (2) those who live or work in Manatee and Sarasota Counties in Florida; (3) members of Veterans of the United States Armed Forces or an Anabaptist congregation, (5) and employees of local, state and Federal government agencies.
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Reviews (2)

Great Personalized Experience with a Credit Union

The West Coast Federal Employees Credit Union was the first organization I ever banked with. I used them through my parents Federal Jobs and began banking with them at the age of 16. I opened a checking, ATM, and credit account as well an auto loan. The customer service was exceptional, most of the tellers knew my name without needing to ask, and would go out of their way to help, to explain, and to fix any issues we encountered. They were efficient and they did not charge fees for their services. They were there to provide a good, decent, honest banking service to their members and did not appear to be out to make every single penny they could on us. When I moved to a new state, giving up this account was extremely difficult, and as a result of the experience have always recommended credit unions to anyone looking for a bank.

Very Bad Experience

Posted by: Anonymous | Mar 23, 2012

On March 23, 2012 I was given a Cashier's Check drawn on the West Coast Federal Employees Credit Union as payment for a trailer. When I went to the CU they refused to honor the check! The told me they could only honor a check up to $1,000. If that's the case, why did they issue a check for more? How does an institution issue a check and refuse to honor it without committing fraud?

In addition the cashiers were rude and gave conflicting stories about their policies. One even told me that a Cashier's Check was not a guarantee that there were funds available! I've had better experiences at the DMV.

I would not give any stars, but it's necessary in order to post the review.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. West Coast Federal has a low asset base.

Health Grade Components

NCUA #67296
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD-0.21%
Return on Equity - YTD-1.69%
Annual Interest Income$232.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$31.2MM$30.8MM
LoansQ1 2017vs Q1 2016$9.8MM$9.7MM
DepositsQ1 2017vs Q1 2016$27.1MM$26.5MM
Equity CapitalQ1 2017vs Q1 2016$3.8MM$3.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$137.00K$278.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$108.00K$116.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

West Coast Federal Savings Account Rates

0.25%--IRA Share Account
0.25%--Coverdell Education Savings Account
0.10%$100-Regular Savings Account
0.10%-$500Coaster Account
0.10%--Other Shares

West Coast Federal Money Market Rates

0.15%*$75k*-Money Market Account
OTHER TIERS: 0.10% $2,500 - $75k

West Coast Federal CD Rates

0.50%$500-60 Month CD
0.40%$500-24 Month CD
0.35%$500-12 Month CD
0.25%$500-6 Month CD

West Coast Federal IRA Rates

0.40%$25k-24 Month IRA CD
0.40%$500-60 Month IRA CD
0.35%$25k-12 Month IRA CD

West Coast Federal Locations
Branch Office852 Tallevast RdSarasota, FL 34243-3249
Branch Office3487 Clark RdSarasota, FL 34231-8405