Growth in Jacksonville helps credit unions in Florida pass five million member mark
From the Jacksonville Business Journal
Florida credit unions saw steady growth in the first quarter of 2015, according to data collected by the League of Southeastern Credit Unions & Affiliates. Credit unions in the Sunshine State added 90,000 members — going over the five million mark — and $2 billion in new assets in Q1.
In the Jacksonville market, that total broke down to:
$360 million in new assets
9,000 new members
$139 million in new loans ($68 million in autos; $33 million in used autos; $45 million in first mortgages; $13 million in small business loans)
“Passing the five million member mark in Florida is a significant milestone,” LSCU & Affiliates President/CEO Patrick La Pine said in a statement. “Florida now has the fourth most [credit union] members in the country.”