Keys Federal Credit Union back on its financial feet

BY MANDY MILES Citizen Staff Government regulators rarely bring good news when they enter a bank, credit union or other lending institution, but the National Credit Union Association heralded the efforts by a local credit union and released it from government oversight. In other words, Keys Federal Credit Union is back on its feet […]

LSCU & Affiliates offices closed for Labor Day holiday, Sept. 7

The LSCU & Affiliates offices in Birmingham and Tallahassee will be closed Monday, Sept. 7 in observance of Labor Day. Offices will re-open on Tuesday, Sept. 8 at regular business hours. Additionally, there will be no eSignal on Monday. The LSCU & Affiliates wishes everyone a safe Labor Day holiday.

Florida ranks fourth in auto loan growth recently reported that nearly every type of lending surged during the first quarter of 2015 for credit unions. Aggregate loan balances increased 10.6 percent — or $70 billion — to $731.2 billion as of March 2015. With a respective 21.5 percent and 13.3 percent growth, new and used auto loans posted the strongest year-over-year […]

Achieva Credit Union acquires Calusa Bank in rare merger

Achieva Credit Union said Tuesday it has signed an agreement to acquire Calusa Bank, a Florida state-chartered bank in Sarasota and Charlotte counties with $165 million in assets. This would be the first acquisition of a bank by a credit union in Florida, and only the seventh nationally. The merger, which has to receive Calusa […]