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 Rachael2

Read the story that aired on The Rachael Ray Show on May 4th, 2021 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. Watch the video on YouTube here (Fast-forward to about 2:30 to see the Gold Coast mention!) or see some screenshot pictures.


2021 rotator Rachael RayCHECK

Pictured from left to right:
Steve Bush, President and CEO of Gold Coast Federal Credit Union
Jamie Kendall, Chief Executive Officer of Palm Beach County Food Bank
Baby Nora and mom Erica Whitfield, School Board member for District 4
Rebecca Currie, North Grade elementary school teacher who is responsible for leading this amazing effort!
Nicole Patterson, Principal of North Grade elementary school in West Palm Beach


Event pictures


Education Foundation: Red Apple Supply Store
6/23/2021 pictures

On June 23rd, 2021, Gold Coast Cares volunteers sorted and organized boxes of donated school supplies at the Red Apple Supplies warehouse at 7071 Garden Road, Riviera Beach, Florida 33404.


Palm Beach Food Bank
5/26/2021 pictures

Two shifts of Gold Coast FCU employees volunteered to help pack weekend meals for Palm Beach County students and their families.


The Lord's Place: Joshua Thrift Stores
5/12/2021 pictures

Gold Coast CARES by sorting, sorting, sorting!

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800-472-3272

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