USF FCU and West Coast Federal Employees CU announce merger

West Coast Federal Employees Credit Union (WCFECU), in Sarasota, FL, has merged with USF Federal Credit Union (USF FCU) in Tampa, FL. The combined financial institutions have more than $600 million in total assets and more than 62,000 members. The merger allows USF FCU to deliver its financial products and services to members in Sarasota […]

West Coast Federal Employees Credit Union (WCFECU), in Sarasota, FL, has merged with USF Federal Credit Union (USF FCU) in Tampa, FL. The combined financial institutions have more than $600 million in total assets and more than 62,000 members. The merger allows USF FCU to deliver its financial products and services to members in Sarasota and Manatee County.

“It’s a great opportunity for two strong institutions to come together,” said USF FCU’s president and CEO, Richard Skaggs. “We saw this as a way to offer services and expand our presence in Sarasota and Manatee County, which we haven’t had previously.”

The merger was approved by the National Credit Union Association (NCUA). The 12 current WCFECU employees will become employees of USF FCU, Skaggs said. “We look forward to assimilating WCFECU employees into USF FCU and making them a part of our family that we have here.”

USF FCU has branches in Tampa, New Tampa, St. Petersburg, and Brandon and has about 150 employees.

The merger was effective July 1.

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