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.
See events pictures here
Now you can also follow Gold Coast CARES community involvement on Facebook!
The Signature Partners for 2021 are:
Palm Beach County Food Bank
Mission: To alleviate hunger in Palm Beach County.
The Palm Beach County Food Bank is committed to being a strong leader for the other stakeholders and organizations that join us in addressing the issues surrounding hunger in Palm Beach County. There is a collective resolve in working together to help children, families and seniors in our community.
Palm Beach County Parks
The Palm Beach County Parks and Recreation Department, recognized as the best in Florida and tops in the nation, operates more than 110 parks and recreational facilities and provides organized recreational programs and services for people of all ages and abilities.
Education Foundation of Palm Beach County: Red Apple Supplies
About the Education Foundation
Established in 1984 by Palm Beach County business leaders, the Education Foundation serves as the philanthropic support organization for K-12 public education and partners closely with the School District of Palm Beach County and the greater business and charitable community to fund programs that close achievement gaps in learning and that create positive, measurable change for students. This is accomplished by using the funding to provide innovative classroom grants as well as providing quality professional development to foster excellence in teaching.
About Red Apple Supplies
We all know that children succeed in school when they have all the tools, resources and support they need in order to achieve. That is why the Red Apple Supplies (RAS) program was created as a free school supply store that serves the highest-needs Title I Schools throughout Palm Beach County. RAS is the signature program of the Education Foundation. Since opening the doors to RAS in 2016, over $1.5 million in free school supplies have been provided to teachers and students throughout Palm Beach County.
The Lord's Place: Joshua Thrift Store
The Lord’s Place transforms lives by providing solutions that break the cycle of homelessness for the most vulnerable and neglected in Palm Beach County. This social impact agency has been serving men, women and families in our community for 40 years. Our innovative, compassionate, and effective services are constantly evolving to end local homelessness for good.
GCFCU on the Rachael Ray Show...
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.
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