February 25, 2024

Press Release

Florida Credit Union Reaches $1 Billion in Assets

| 3/29/2018

GAINESVILLE, FL -- Florida Credit Union is proud to announce that it has exceeded $1 billion in assets; a major milestone achieved ahead of expectations in February of this year.

The principles of Mark Starr, FCU President and CEO, have been consistent since he first joined the credit union in 1996.

“Our decisions and efforts always focus on our members’ needs, and how we can better meet all of their expectations. Over the years, the credit union has evolved and added products, services and technology to remain a leader in the industry. The continuous growth of our membership is a testament to the success of our strategies.”

Florida Credit Union regularly strives to improve member service with a focus on convenience. Over the past few years, FCU has enriched its electronic channels, including updated online loan and membership applications and an enhanced mobile banking application. These tools allow members to utilize the services of the credit union without going into a branch office. FCU also heavily invested in improvements ranging from back office loan processing, to advanced electronic services like Popmoney, a tool that allows members to send and receive money from their mobile device. “Florida Credit Union, is a strong, viable financial institution for its members.” said Starr. “Our stability and continuous growth leaves us well positioned in today's financial arena to meet all the needs of our members. We reached a significant milestone and are looking forward to continued success for our members, our employees and the communities that we serve”.

About Florida Credit Union

Originally founded in 1954 as the Alachua County Teachers’ Credit Union, Florida Credit Union was owned and operated by teachers working in the Alachua County School System. Over 64 years later, Florida Credit Union is now a leading financial institution that serves 30 counties across North and Central Florida, and continues to expand its products and services while striving to ensure each and every member’s financial needs aren’t just met – they’re exceeded. Florida Credit Union is a Federally Insured State Chartered Credit Union with 11 branches and assets of $1 billion. FCU is headquartered in Gainesville, FL.

Tags: Banking & Finance, Business Services

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