Tampa Bay Federal Credit Union
Tampa Bay Federal Credit Union is a not-for-profit, federally chartered community credit union founded in 1935, serving the Tampa Bay area through 5 branches, digital and mobile banking, and a national CO-OP shared branching network, offering deposit, lending, credit card, and investment products to consumer and small business members.
- Company typePrivate
- Founded1935
- HeadquartersTampa, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Tampa Bay Federal Credit Union does
Tampa Bay Federal Credit Union is a not-for-profit, federally chartered credit union founded on May 23, 1935 (originally as Tampa City Employees Credit Union by 13 City of Tampa workers) and headquartered at 3815 N. Nebraska Ave, Tampa, Florida. It serves the Tampa Bay community through 5 physical service centers in Hillsborough County, a Digital Branch online and mobile platform (iOS and Android), and the CO-OP shared branching network providing access to over 5,000 branches and 30,000+ surcharge-free ATMs nationwide. The credit union is NCUA-insured up to $250,000 and operates under NMLS #441290, with membership eligibility extending to City of Tampa employees, residents of approved geographic areas, and members of 100+ affiliated employer and community organizations.
The institution offers a full suite of consumer and small business banking products: deposit products (Primary/Special/Jump Start Savings, Money Market, Holiday Club, Share Certificates at 3.70% APY for 12-month term, Traditional and Roth IRAs, and four checking tiers including Free, Rewards, Smart Start, and Fresh Start); lending products (auto loans with up to $600 cash back incentive, mortgages including FHA/VA, home equity, lifestyle loans, credit-builder products, and Mastercard Platinum/Platinum Rewards credit cards with CardValet management); and ancillary services (investment advisory via Tampa Bay Financial Advisors, TruStage insurance, Trust & Will estate planning, and KOFE financial counseling). The technology layer includes DeposZip mobile check deposit, multi-factor online banking authentication, and integrations with MoneyDesktop (PFM), DocuSign, and PayBill.com.
As a member-owned cooperative, Tampa Bay Federal operates on a not-for-profit model: net income from loan interest, deposit account fees, service fees (wire transfers, stop payments, safe deposit boxes), and share/IRA interest is returned to members in the form of competitive loan and savings rates and reduced fees. The institution has 51-100 employees, is governed by a volunteer board of directors elected by members on a one-member-one-vote basis, and has no parent company or external equity holders.
Tampa Bay Federal Credit Union firmographics
Firmographics- Name
- Tampa Bay Federal Credit Union
- Legal name
- Tampa Bay Federal Credit Union
- Website
- https://tampabayfederal.com
- Company type
- Private
- Founded year
- 1935
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Tampa Bay Federal Credit Union is a not-for-profit, federally chartered community credit union founded in 1935, serving the Tampa Bay area through 5 branches, digital and mobile banking, and a national CO-OP shared branching network, offering deposit, lending, credit card, and investment products to consumer and small business members.
- Ownership category
- akta.pro rank
Tampa Bay Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro industry
- Community Credit Unions (Retail/Consumer Focus)Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)
Keywords
Where Tampa Bay Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tampa Bay Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Loan Interest Income: Interest income generated from various loan products including auto loans, home loans, personal loans, and credit cards. As a not-for-profit credit union, earnings are returned to members in the form of competitive rates on loans and savings.
- Deposit Account Fees: Various account-related fees including overdraft fees, ATM fees on non-network ATMs, stop payment fees, and monthly maintenance fees on certain account types such as Fresh Start Checking and Rewards Checking.
- Service and Processing Fees: Fees for services such as wire transfers, check copies, research requests, notary services, safe deposit boxes, and credit card services including cash advances and late payments.
- Share Certificate and IRA Interest: Members invest in share certificates and IRAs, with the credit union paying interest on these deposits while using the funds for lending operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free Checking - No minimum balance, no monthly fee |
| Subscription | Monthly | Rewards Checking - High-yield account with ATM fee refunds |
| Subscription | Monthly | Fresh Start Checking - For members rebuilding credit |
| Unit Pricing | Annual | Safe Deposit Boxes |
| Transaction based/ take rate | Pay-as-you-go | ATM Fees |
| Transaction based/ take rate | Pay-as-you-go | Overdraft and Returned Item Fees |
| Subscription | Monthly | Business Checking |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels8 records
Tampa Bay Federal Credit Union product offering
Product offeringCore offering
Tampa Bay Federal Credit Union is a not-for-profit, member-owned financial cooperative that provides retail banking services to individuals and small businesses in the Tampa Bay area. Its core products include deposit accounts (savings, multiple checking tiers, share certificates, IRAs) and lending products (auto loans, mortgages and home equity, personal/lifestyle loans, and Mastercard credit cards), delivered through 5 local service centers, an online Digital Branch, and a mobile banking app.
Product overview
Tampa Bay Federal Credit Union operates as a not-for-profit credit union offering a comprehensive suite of financial products through a multi-channel platform. The core offering centers on deposit products (savings accounts, checking accounts with multiple tiers including Free, Rewards, Smart Start, and Fresh Start options, Share Certificates, and IRAs) and lending products (auto loans with cash incentives, lifestyle lending including signature and secured loans, home loans including mortgages and home equity, and credit cards). Digital services are delivered through Digital Branch (online banking) and Mobile Banking apps for Apple and Android, supplemented by features including Mobile Check Deposit (DeposZip), Online Bill Pay, and Text Banking. Insurance products are offered through TruStage partnerships, while investment and advisory services are provided through Tampa Bay Financial Advisors. Additional member services include the Financial Fitness Center with certified counselors, the Refer-A-Friend auto loan referral program, and Skip-A-Payment options. The credit union participates in CO-OP shared branching and maintains NMLS #441290 for mortgage operations.
Differentiator
Problem solved
Functional benefit
Brands
- Digital Branch: The credit union's online and mobile banking platform offering full-service banking features including loan applications, bill payments, and account management.
- Tampa Bay Financial Advisors
Products and services
- Savings Accounts
- Share Certificates
- IRAs (Individual Retirement Accounts)
- Free Checking
- Rewards Checking
- Smart Start Checking
- Fresh Start Checking
- Overdraft Protection
- Business Accounts
- Auto Loans
- Lifestyle Lending
- Home Loans
- Credit Cards
- Digital Branch (Online Banking)
- Mobile Banking App
- Mobile Check Deposit (DeposZip)
- Online Bill Pay
- Investment Services
- Financial Fitness Center
- Mastercard Debit Card
- TruStage Insurance Products
- Life Insurance
Quantifiable outcome
- Up to $600 cash back on auto loans for qualifying members
- +3 more outcomes
Companies that use Tampa Bay Federal Credit Union
Customer profileSegments5 records
Ideal customer profiles4 records
Tampa Bay Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature4 records
Tampa Bay Federal Credit Union partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- CO-OP Shared BranchingcoreCO-OP network partnership provides Tampa Bay Federal members access to over 5,000 shared branch locations and 30,000+ surcharge-free ATMs nationwide, extending the credit union's physical service footprint significantly.
- MoneyDesktopcoreMoneyDesktop is integrated with Tampa Bay Federal's online banking platform, providing members with tools to track spending, set financial goals, and manage all accounts in one centralized location.
- LoveMyCreditUnion RewardsminorRewards program partnership offering credit union members discounts at participating retailers such as Spring, ADT, TurboTax and more.
- American Consumer CouncilminorCommunity partnership providing consumer education resources and member benefits through the American Consumer Council organization.
- Prime Time ClubminorPartnership program for members 50 and older offering community connection and special membership terms with a low $5 one-time fee for membership eligibility.
- Smarter Savings AssociationminorFinancial wellness partnership providing members with educational resources and savings programs through the Smarter Savings Association.
- NCUA (National Credit Union Administration)coreFederal regulatory agency that insures member deposits up to $250,000, backstopped by the full faith and credit of the U.S. Government. Provides oversight and chartering for the credit union.
- Select Employee Groups (100+ employers)coreOver 100 employer affiliations including City of Tampa, HART, Casper's, and many Tampa Bay Area businesses providing employee access to credit union membership as an employee benefit.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Tampa Bay Federal Credit Union competitors and assessment
Company assessmentRegional players
- Space Coast Credit Union: Florida-based community credit union offering similar deposit, lending, and digital banking products; operates primarily outside Tampa Bay but is a comparable Florida cooperative banking model.
- Central Florida Educators Federal Credit Union: Florida-based community credit union offering comparable consumer banking, lending, and digital services; competing peer with similar cooperative philosophy but different primary geographic footprint.
- Fairwinds Credit Union: Central Florida-headquartered credit union with similar full-service consumer banking, lending, and wealth management offerings; regional peer with limited direct Tampa Bay overlap but comparable product breadth and member-owned model.
Direct peers
- Suncoast Credit Union: Florida-headquartered credit union with strong Tampa Bay presence offering a similar full-service suite of consumer banking, lending, and investment products; significant scale advantage in overlapping market.
- Grow Financial Federal Credit Union: Tampa-headquartered federal credit union serving the Tampa Bay community and beyond with comparable deposit, lending, and digital banking offerings; directly competes for the same employer-group and geographic memberships.
- Achieva Credit Union: Florida-based community credit union with consumer checking, lending, and digital offerings similar to Tampa Bay Federal; competes in overlapping Tampa Bay and Central Florida geographies.
- MIDFLORIDA Credit Union: Florida-based community credit union offering comparable deposit accounts, auto loans, mortgages, and digital banking; competes for similar community-chartered and employer-affiliated memberships across Central Florida.
- Bay Gulf Credit Union: Tampa Bay-area community credit union offering comparable deposit products, auto and personal lending, and digital banking services; directly competes for the same geographic community membership.
Broad incumbents
- VyStar Credit Union: One of the largest credit unions in Florida with extensive branch network and full-service consumer/commercial banking; overlaps substantially in product set but operates at materially greater scale across the state.
Emerging players
- Publix Employees Federal Credit Union: Florida-based employer-affiliated federal credit union serving select employee groups; comparable cooperative structure and product set but narrower membership scope than Tampa Bay Federal's community charter.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Tampa Bay Federal Credit Union social profiles
Digital presenceTampa Bay Federal Credit Union compliance and trust
Trust signalCompliance3 records
Tampa Bay Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tampa Bay Federal Credit Union leadership team
Management profileNumber of profiles
Tampa Bay Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tampa Bay Federal Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tampa Bay Federal Credit Union
What does Tampa Bay Federal Credit Union do?
Tampa Bay Federal Credit Union is a not-for-profit, member-owned financial cooperative that provides retail banking services to individuals and small businesses in the Tampa Bay area. Its core products include deposit accounts (savings, multiple checking tiers, share certificates, IRAs) and lending products (auto loans, mortgages and home equity, personal/lifestyle loans, and Mastercard credit cards), delivered through 5 local service centers, an online Digital Branch, and a mobile banking app.
Is Tampa Bay Federal Credit Union a public or private company?
Tampa Bay Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Tampa Bay Federal Credit Union founded?
Tampa Bay Federal Credit Union was founded in 1935. It employs 51 to 100 people.
Where is Tampa Bay Federal Credit Union based?
Tampa Bay Federal Credit Union is headquartered in Tampa, United States, in the North America region.
How does Tampa Bay Federal Credit Union make money?
Four revenue lines are on record. Loan Interest Income is the primary driver. The others are deposit Account Fees, service and Processing Fees and share Certificate and IRA Interest.
Who are Tampa Bay Federal Credit Union's main competitors?
Regional players on record are Space Coast Credit Union, Central Florida Educators Federal Credit Union and Fairwinds Credit Union. Direct peers are Suncoast Credit Union, Grow Financial Federal Credit Union, Achieva Credit Union, MIDFLORIDA Credit Union and Bay Gulf Credit Union. VyStar Credit Union is listed as a broad incumbent. Publix Employees Federal Credit Union is listed as an emerging player.
Does Tampa Bay Federal Credit Union have an API?
No public API is recorded for Tampa Bay Federal Credit Union.
What industry is Tampa Bay Federal Credit Union in?
Tampa Bay Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 522130 and its SIC code is 6035.