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History

Current Events - 2025

Blue Coast Federal Credit Union continues to serve 13 counties in the Big Bend of Florida.  The credit union has rolled out the WAVES Promises to our membership.  In addition, the revised Mission is to Navigate the Journey with Our Members to Financial Wellness.  Also our Vision is to Be the First Choice for Financial Services in Our Community.

1954
  • Buckeye Cellulose Corporation was established. July 3, 1956 Buckeye Employees Federal Credit Union was established by the employees of Buckeye Cellulose Corporation.
1954
1956
  • W. D. Wilson, an accounting manager for Buckeye Cellulose operated the credit union from the Foley Lumber Industries office.
  • Unsecured loans could be up to $200 and an additional $100 for each co-signer up to a maximum of $400. The interest rate was a whopping 1%.
1956
1958

  • Mabel Adams, a part time employee, was appointed as office manager and the credit union began to operate from the old train depot which received and shipped goods for Buckeye Cellulose on the Live Oak, Perry and Gulf Railroad, better known as the “Loping Gopher”.

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1958
Oct. 1, 1959
  • Hoyt Ragans was hired as the first full time employee. At this time the credit union had $188,000 in assets and 500 members.
Oct. 1, 1959
1960
  • The credit union moved operations to the old commissary building. This building also provided for dry goods, a barber shop and a post office. You could shoot a game of pool while sipping a soda drawn fresh from an old fashioned soda fountain.
1960
Dec. 31, 1960
  • $311,773 assets, 678 members
Dec. 31, 1960
Dec. 31, 1970
  • $2,235,627 assets, 2,113 members
Dec. 31, 1970
May 18, 1975
  • Main office grand opening at the Hwy 30 location.
May 18, 1975
Dec. 31, 1980
  • $11,595,698 assets 3,642 members
Dec. 31, 1980
Oct. 1987
  • Hoyt Ragans, credit union employee and Manager/President for 28 years, resigned. Pam Rigoni-Parker was appointed to serve as interim President.
Oct. 1987
Aug. 15, 1988
  • Charlton L. Knowles was named BCFCU President
Aug. 15, 1988
Jan. 2, 1990
  • BCFCU opened the downtown branch facility. The members are very proud of this facility as it is one of the finest establishments in Taylor County
Jan. 2, 1990
Dec. 31, 1990
  • $34,108,938 assets 5,537 members
Dec. 31, 1990
Jan. 31, 1996
  • $36,139,803 assets 6,659 members
Jan. 31, 1996
July 3, 1996
  • BCFCU celebrated its 40th year anniversary of fulfilling our commitment of financial stability and first rate member service.
July 3, 1996
Dec. 31, 1998
  • $40 Million assets 7800 members
Dec. 31, 1998
May 1999
  • Windows driven computer system upgrade/conversion
May 1999
2000
  • HomeBanking and Bill Pay made available on the internet
2000
Jan. 2001
  • Community Charter
Jan. 2001
Mar. 15, 2002
  • Credit Union name changed to Buckeye Community Federal Credit Union
Mar. 15, 2002
2002
  • Loans, Accounting, Special Services relocated to Town Office
2002
Dec. 31, 2004
  • $50 Million assets 9500 members
Dec. 31, 2004
Jan. 2005
  • ATM located at Buckeye operational
Jan. 2005
July 2006
  • 50th year anniversary => $55 Million assets 10,200 members
July 2006
July 2007
  • Completed construction of conference room and new drive through expansion
July 2007
Sept. 2008
  • Computer System Upgraded/Conversion
Sept. 2008
Aug. 2009
  • Walkup ATM installed at Keaton Beach Corner Store
Aug. 2009
Aug. 2010
  • HomeBanking services expanded to MobileBanking, text messaging
Aug. 2010
Oct. 2010
  • Charter expanded to include 6 counties (Taylor, Dixie, Lafayette,Suwannee, Hamilton, and Madison)
Oct. 2010
Dec, 31, 2010
  • $65 Million in assets
Dec, 31, 2010
2011
  • Developed Online Apps for Loans, Membership, ATM cards, etc.
2011
2012
  • Hired Marketing/Business Developer Director, partnered with Green Path Debt Solutions
  • Release of mobile application/Surpass 70 million in assets
2012
2013
  • Addition of Scorecard Rewards to all Visa cards
  • Mobile Remote Deposit Capture Added to Mobile App
2013
July 2015
  • Began Indirect Lending
July 2015
Dec. 31, 2015
  • Exceed $80 Million in Assets
Dec. 31, 2015
May 17, 2016
  • Opened Second Office In Madison, FL
May 17, 2016
2017
  • Reached 10,000 members
2017
2019
  • Reached $100 million in assets
  • Created Full-Time IT Manager position
  • Launched new completely redesigned ADA compliant website and unveiled new logo
2019
2021
  • New CEO and EVP hired to fill retiring roles for long time CEO and EVP
  • Received Expansion approval for a total of 13 counties in Florida
2021
2022
  • Welcomed members of Tallahassee Community Federal Credit Union to the Buckeye Community FCU family
  • Changed name to Blue Coast Federal Credit Union – kept BCFCU initials the same.
2022
2023
  • Opened New Office Location in Tallahassee, FL
  • Expanded financial solutions with new system
2023
2024
  • Crossed over $150 million in Assets while operating 3 branches in Perry, Madison, and Tallahassee Florida.  Also, over 5500 shared branch locations across the country 
2024

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