About Us

 

About Gold Coast FCU

Gold Coast FCU was formed on January 11, 1936, as the Palm Beach County Teachers Federal Credit Union. The new credit union was located at Twin Lakes High School in West Palm Beach and volunteers ran the credit union on a part-time basis. The only services offered were payroll-deducted savings accounts and small loans. At the end of the credit union's first year of operation, it had $461.03 in assets and 149 members. Through the years, Gold Coast FCU has responded to the needs of its members by providing economical products and services. As a result, the credit union is now a full-service financial institution serving over 20,000 members.

What is a Credit Union?

A credit union is a member-owned, nonprofit financial cooperative dedicated to the motto; "Not for profit, not for charity, but for service." Credit unions of today have their origins in southern Germany, where cooperative credit societies were formed by poor farmers in the mid-1840s. With feudalism gone, farmers were allowed to own land, but they could not afford to purchase the land, farming equipment, and other things necessary to operate a farm. They needed credit, but existing credit facilities, like banks, would not lend to farmers and other people of lesser means. These people were forced to borrow money from unscrupulous money lenders at exorbitant rates of interest. The credit societies gave people a convenient place to save and borrow money at reasonable rates. The societies became very popular and were known as "people's banks."

Gold Coast Cares

One of the hallmarks of the credit union industry is involvement in the community and working with charities. While Gold Coast FCU historically has been active in the community, starting in 2021, we have a renewed focus with the establishment of the Gold Coast Cares initiative. Gold Coast Cares takes the credit union to the next level in stewardship by management, staff and even Board members participating in service events each month! The goal is to utilize our employees to create the biggest impact on our communities – not only from a monetary perspective but by providing our time. Each year, the Gold Coast Cares team looks at opportunities for the credit union employees to engage in service opportunities and selects a handful of organizations to consolidate our efforts. 

Now you can follow Gold Coast CARES community involvement on Facebook! 2021 Facebook logo

The Signature Partners for 2021 are:



Now Appearing on the Rachael Ray Show...

2021 Rachael2See the story about a local teacher in Palm Beach County and her work with food insecurity at her school. We are thrilled that the Rachael Ray Show reached out to us and and gave us the opportunity to work with this teacher and and her cause. She was totally shocked/appreciative of Gold Coast's contribution to her program.

www.rachaelrayshow.com


Event pictures

Jupiter Beach Cleanup: Carlin Park
4/7/2021 pictures

In connection with our partners at Palm Beach County Parks and Recreation, Gold Coast FCU provided some tender love and care to Florida's coast by organizing a clean-up at Carlin Park in Jupiter, Florida on Wednesday, April 7th, 2021.

The Lord's Place: Joshua Thrift Stores
3/25/2021 pictures

On March 25th, 2021, Gold Coast Cares volunteers showed up to help out at two different Joshua Thrift locations: Lake Park and their little-known location at 750 S Military Trail, West Palm Beach, FL 33415.

Palm Beach County Food Bank
3/17/2021 pictures

 

Okeeheelee Park -- Cleanup!
2/17/2021 pictures

On February 17th, 2021, the Gold Coast Cares team had its inaugural event where the team spent four hours doing a cleanup at Okeeheelee Park off Forest Hill Boulevard (just east of the Turnpike).

 

 

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