August 21st, 20202415Credit Union Loan Source (CULS), an Atlanta-based CUSO owned by the League of Southeastern Credit Unions & Affiliates (LSCU) and three Georgia credit unions, has been expanding its reach into Florida.
CULS already provides more than 50 credit unions in seven states with an alternative investment secured by assets they understand well – auto loans. Now, the CUSO is proud to announce it has signed six credit unions in Florida since the beginning of the year. In fact, Achieva Credit Union, a $2 billion asset-size credit union in Florida, recently became CULS’ largest non-owner participant.
The CULS model asks credit unions to...
August 5th, 20200120McCoy Federal Credit Union and partners of 27 Community Connection sponsored Tour de Cure 5K: Lake Nona in Orlando, Florida. Hosted by The American Diabetes Association, the Orlando venue raised an astounding $900,000 to advance research for the cause and treatment of diabetes.
The virtual running, walking and biking event connected participants across the nation through
live Facebook parties. To generate excitement, the venues mailed t-shirts to participants, held opening ceremonies, and featured streaming videos. Funds raised fuel diabetes research, education, and patient advocacy. Donations also aid the passing of bills—such as...
August 5th, 2020595VyStar Credit Union obtained more loans on behalf of small business owners through the SBA's Paycheck Protection Program (PPP) than any other credit union in Florida and among the most in the U.S., according to data released by the United States Treasury Department in July.
After the PPP began accepting applications in April, VyStar originated 4,431 loans totaling $146,593,337. These funds helped local small business owners retain employees, pay bills and remain viable despite the challenges brought on by the coronavirus pandemic.
"Employees across all departments never stopped working for our members and small business owners," said...
August 4th, 2020088First Florida Credit Union recently earned the distinction of being one of the Best Companies to Work For in Florida. This is the seventh time the credit union has been named to the list, which is published annually by Florida Trend magazine.
The company was the only credit union awarded the designation within the mid-sized category, where it ranked eighth out of 31 diverse businesses across the state. Michelle Troha, senior vice president of marketing at First Florida Credit Union, said leadership at the organization is grateful to be recognized by the magazine once again.
"At First Florida Credit Union, we work diligently to create...
July 23rd, 202011490Credit unions across the southeast have been remaining vigilant and proactive as the coronavirus (COVID-19) pandemic spreads. Credit unions' first priority is keeping members and staff safe and healthy. To that end, many have put in place measures to promote social distancing. Below, we've compiled a list of credit unions enacting social distancing. Please note - this is not an exhaustive list. Check back frequently for updates.
Alabama
Family Savings Credit Union. On March 17, Family Savings CU in Gadsden closed lobbies in Alabama and Georgia, began testing employee temps before they were allowed in the buildings, required masks and...
July 22nd, 2020193McCoy Federal Credit Union and partners of 27 Community Connection recently sponsored Central Florida Take Steps, a virtual event in Orlando that raised $75,000 to support the initiatives of the Crohn’s and Colitis Foundation.
Each year the foundation’s programs aid more than 250,000 people afflicted with irritable bowel disease (IBD) and furnish materials for over 40,000 medical professionals to stay abreast of breakthroughs. Communities in 50 US cities virtually stepped in their homes, schools and offices to stimulate funding for research for the causes, treatments and cures for IBD.
McCoy Federal Credit Union embodies the Credit...
July 16th, 202018759Credit unions across the southeast have been remaining vigilant and proactive as the coronavirus (COVID-19) pandemic spreads. Credit unions' first priority is helping members -- no matter what the situation. To that end, many have begun offering measures meant to aid members who may be struggling financially as a result of the pandemic. Below, we've compiled a list of credit unions in the southeast that are helping members in this way. Please note - this is not an exhaustive list. Check back frequently for updates.
Alabama
Alabama Credit Union: The credit union is allowing consumer loan borrowers to skip their next two loan payments....
June 12th, 20201154DepositAccounts.com, a subsidiary of LendingTree, recently named First Florida Credit Union to its list of the 2020 Top 200 Healthiest Credit Unions in America. The Jacksonville-based credit union ranked 82nd amid more than 5,300 qualifying institutions.
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. The Top 200 Healthiest Credit Unions in America list aims to provide consumers with a solid tool to evaluate the financial health of various institutions.
Each quarter, the group evaluates the financial health of more than 10,000...
June 4th, 20203112While high schools across Alabama, Florida and Georgia are shut down, more than 50 students from across those states are still learning and proving their financial acumen!
High schools across the country were shut down because of the coronavirus pandemic, and it also canceled or altered activities that make the student experience memorable, including the Southeastern Credit Union Foundation’s (SECUF) annual Financial Fitness Tournament.
“The Financial Fitness Tournament is normally a team effort for high school students across Alabama, Florida and Georgia. But with the impact of the coronavirus, we had to pivot,” explains Juli A....
Florida
