CHAIRMAN’S REPORT

Times were tough in 1948 when your not-for-profit Credit Union was started and times are tough now. Today, it seems like there are never-ending challenges coming at us from all sides. Many members are struggling to make ends meet. As Chairman, I want you to know your Credit Union is here to offer help. We all need to do things differently and smarter because the times demand and require change. The economy and the US Postal Service are not settled and it will take more time, more patience, greater dedication and continual focus for the nation to get its house in order.

When you joined West Coast Federal Employees Credit Union you become a part of something special, our family. We consist of members saving together where those savings are put to work by members who need to borrow. The more members that use their Credit Union, the more we can return to the membership in the form of dividends and lower loan rates. That giveback helps all members and that is why it is important for members to honor their obligations. We want to help members become better able to actively manage their personal finances, be it day to day or long term.

In light of the uncertain times, members have smartly reduced their debt levels. As a result, loan balances declined while funds available for loans grew. Your Credit Union has met this challenge and many others in 2011, and I would like to take this opportunity to put this situation into perspective so you can rest assured that West Coast remains a safe harbor for your savings and financial needs. Our reserves (capital) provide stability through these turbulent times. West Coast FECU is and will continue to be rated a “Well Capitalized Credit Union” by our state and federal regulators.

We continue to take our position as your primary financial institution very seriously. We will continue to put our members’ best interest ahead of our own. As members, you are our owners. This is your Credit Union and we strive to offer the types of services our members want and need and are committed to delivering quality products and services at the best value. We understand the importance of having your own financial institution and we appreciate all our members that have been working with us through these tough times.

It is an honor to serve on this volunteer board and with honor comes responsibility. We look forward to continuing to meet your needs today and in the future. On behalf of the Board of Directors and staff, I thank you for choosing West Coast Federal Employees Credit Union.

Garrett W. Faber

Garrett W. Faber
Chairman of the Board
West Coast Federal ECU

 

-->
Main Office
3487 Clark Road
Sarasota, Florida 34231
941.925.2890 Phone
Hours Of Operation
Mon, Tue, Thur. 9am - 5pm
Wednesday 9am - 2pm
Friday 9am - 6pm
941.922.2973 Fax
Branch Office
852 Tallevast Road
Sarasota, Florida 34243
941.925.2890 Phone

For lost or stolen Visa Credit cards please call 1-800-338-0566

For lost or stolen MasterCard Debit Cards please call 1-800-472-3272
 

This credit union is federally insured by the National Credit Union Administration

Your savings federally insured to at least $250,000 and backed by the full faith and
credit of the United States Government. National Credit Union Administration,
a U.S. Government Agency.


 

Board of Directors Access

Copyright © 2007, West Coast Federal Employees Credit Union. All Rights Reserved.
Unauthorized Access is Prohibited. All Accesses are Monitored.`

Site Design and Hosting by Ewart Technologies, Inc.

To assist members in accessing information not maintained on this site, the credit union provides links to other Internet addresses. Be advised that: 1) by clicking on any link to other Internet addresses, you are leaving the credit union’s web site; 2) you are linking to an alternate web site not operated by the credit union; 3) the credit union is not responsible for the content of the alternate web site; 4) the credit union does not represent either the third party or the member if the two enter into a transaction; and 5) privacy and security policies may differ from those practiced by the credit union.