Florida Credit Union Explained

Florida Credit Union
Former Name:Alachua County Teachers Credit Union
Type:Credit union
Industry:Financial services
Founded:1954
Founders:-->
Hq Location:Gainesville, Florida
Area Served:North Central Florida
Areas Served:-->
Key People:Mark Starr[1]
(President and CEO)
Owners:-->
Num Locations:13 branches

Florida Credit Union is a member-owned financial services institution headquartered in Gainesville, Florida, and serving the North Central Florida area. As of September 2018, Florida Credit Union had over $1.09 billion in assets and has more than 101,000 members.[2] FCU is regulated under the authority of the National Credit Union Administration (NCUA).[3] CEO and President Mark Starr has been working for the company since 1996.[4]

History

Established in 1954 as a state-chartered credit union, FCU was originally called the Alachua County Teachers Credit Union and was owned and run by teachers in the Alachua County School System.[5] The credit union is now open for membership to anyone who lives or works in one of 36 North Central Florida counties: Alachua, Baker, Bradford, Brevard, Citrus, Clay, Columbia, Dixie, Duval, Flagler, Gilchrist, Hamilton, Hernando, Hillsborough, Indian River, Jefferson, Lake, Leon, Levy, Madison, Marion, Nassau, Osceola, Orange, Pasco, Pinellas, Polk, Putnam, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, and Volusia.

Despite its expansion, the credit union still maintains a close relationship with the school systems. This includes a partnership with the Alachua County Public Schools Foundation and the Alachua County Tools for Schools Program.[6] [7] FCU also participates in Marion, Levy, Union, Gilchrist, Bradford, Volusia and Columbia County School Systems' "Back to School" and Teacher Appreciation events throughout the year.

Notes and References

  1. News: Chandler . Doris . Members rule: Mark Starr has been the president and CEO of Florida Credit Union since 1996 . The Gainesville Sun.
  2. Web site: Florida CU | Annual Report 2017 . MyWestAmerica . 2018-04-27.
  3. Web site: Florida CU | Annual Report 2017 . MyWestAmerica . 2018-04-27.
  4. Web site: Florida Credit Union Reaches $1 Billion in Assets. 2020-10-11. Florida Trend.
  5. News: Smithson . Daniel . Florida Credit Union assets reach $1 billion . The Gainesville Sun.
  6. Web site: Alachua County Public Schools Foundation, Inc :: Invest In Alachua County's Children . Acpsf.org . 2012-05-26.
  7. Web site: Businesses Partners: Tools for Schools: A Reusable Resource Center, Alachua County, Florida . Iml.jou.ufl.edu . 2012-05-26.