Lakeland-based MidFlorida Credit Union reaches $3 billion in assets Lakeland-based MidFlorida Credit Union has reached $3 billion in assets, a milestone achievement in the institution’s 64 years of doing business.Established in 1954 as a local teachers’ credit union, MidFlorida is now considered the fourth-largest credit union in Florida, serving more than 280,000 members with 850 […]
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Twenty-three federally insured, low-income credit unions in 17 states have been awarded $536,000 in grants to support outreach to underserved members, NCUA recently announced. Of the 23 recipients, five are affiliates of the LSCU in Alabama and Florida. Congratulations to Alabama Teachers CU, Alive CU, Calhoun-Liberty Employees CU, Country FCU, and Emerald Coast FCU. For […]
Third quarter results released this week showed credit unions continued to increase their loans faster than savings, signaling tighter cash and creating loan-to-savings ratios not seen since the last recession. Steven Rick, CUNA Mutual Group’s chief economist, said the trend will continue next year, and could portend at least a slowing of growth by the […]
As we get back into the swing of things after taking a few days off to be with family and friends for the Thanksgiving holiday weekend, there is good news to share. Congratulations to Alabama credit unions for surpassing the two million-member mark in the second quarter of this year. This is a significant milestone […]
The Consumer Financial Protection Bureau (CFPB) will be in Tampa, FL, on Oct. 31 and will host a Roundtable discussion at the Hilton Tampa Downtown from 12:30 p.m. to 1:30 p.m. All credit unions from AL and FL are welcome to attend. The meeting with be hosted by CFPB Deputy Director David Silberman and Deputy […]