September 1st, 20232437August 31, 2023 – Dothan, AL-based Five Star Credit Union announced today that it has entered into an agreement to acquire Abbeville, GA-based Wilcox County State Bank. The deal will be structured as a purchase and assumption transaction, and the consideration will be all-cash. Other financial terms were not disclosed.
Upon consummation, Five Star will have total assets of approximately $950 million and will expand its footprint to 23 full-service banking locations across lower Alabama and south and middle Georgia with the addition of Wilcox County State Bank’s four offices in Abbeville, Rochelle, Milan and Ocilla, GA.
“Five Star...
August 31st, 2023053Panama City Beach, FL (August 31, 2023) – In a testament to its commitment to fostering an exceptional workplace environment, Innovations Financial Credit Union has been honored with the prestigious recognition of being named one of American Banker's Best Credit Unions to Work For in 2023. This accolade highlights the credit union's dedication to creating a workplace culture that empowers and supports its employees while delivering exceptional financial services to the community.
American Banker's annual "Best Credit Unions to Work For" program acknowledges credit unions that exhibit outstanding workplace practices, employee...
August 31st, 2023061Pensacola, Florida – (August 30, 2023) Pen Air® Credit Union (PenAir) is pleased to announce the recent promotion of John Huddleston to Senior Vice President, Chief Financial Officer.
Huddleston joined PenAir in 2022 from Credit Union of the Rockies, where he served as their senior leader over finance and accounting for 3 years. He has over 13 years of experience delivering financial and management accounting excellence across local government, public accounting, and credit unions. Huddleston has bachelor’s degrees in accounting and finance as well as a master’s degree in accounting from the University of West Florida. He holds...
August 31st, 20236141Panama City, FL - August 29, 2023 – Innovations Financial Credit Union, headquartered in Panama City, FL, has entered into an agreement to acquire First National Bank Northwest Florida, also located in Panama City, FL. This strategic move emphasizes Innovations’ commitment to delivering enhanced financial services to the local community.
The Innovations Board of Directors and the First National Bank Northwest Florida Board of Directors voted unanimously in favor of the merger and acquisition. The consolidated financial institutions will manage $570 Million in assets upon regulatory approval and operate eight branch locations with...
August 28th, 20231285August 28, 2023 – Dothan, AL-based Five Star Credit Union announced today that it has entered into an agreement to acquire Macon, GA-based OneSouth Bank, the banking subsidiary of OneSouth Financial, Inc. of Blakely, GA. The deal will be structured as a purchase and assumption transaction and the consideration will be all-cash. Other financial terms were not disclosed.
Upon consummation, Five Star will have total assets of approximately $950 million and will expand its footprint to 23 full-service banking locations across lower Alabama and south and middle Georgia with the addition of OneSouth Bank’s 4 offices in Macon, Blakely and...
August 24th, 2023241DULUTH, GA (August 24, 2023) – Today Georgia United Foundation, the charitable giving arm of Georgia United Credit Union, kicks off its twelfth Can Hunger program, the organization’s annual donation drive benefiting local food banks.
Since its inception, Can Hunger has gathered more than 477,000 items for local food banks for communities across Georgia. But the campaign’s approach has now shifted to focus on monetary donations. Monetary donations are more impactful because food banks can harness the power of bulk purchasing and respond faster to fulfil specific needs for in-demand items.
This year’s Can Hunger goal is to raise...
August 23rd, 2023039JACKSONVILLE, Fla. – First Florida Credit Union is one of the most trustworthy credit unions in Florida, according to CardRates.com. The financial institution is specifically recognized under the category: “Best Community Outreach,” among others on the “10 Most Trustworthy Credit Unions in Florida” list.
The review states that First Florida has one of the busiest community calendars compared to other credit unions. The distinction also acknowledges the It’s a Money Thing® financial education program as well as First Florida’s Youth Center – both of which prioritize engaging with the community.
Michelle Troha, senior...
August 21st, 2023134Washington, DC – Callahan & Associates, the leading provider of strategic resources for credit unions, is ready to help its clients thrive as they prepare for 2024.
With strategic planning season in full swing, many credit union leaders are looking for new ways to help their institution and community thrive for years to come. Callahan’s aware of the big goals ahead of credit unions, and ready to help its leaders balance their purpose with revenue.
Callahan consultants can help leadership teams sift through the data and interpret the numbers, so they can come up with an actionable plan. They’ll work to understand the credit...
August 21st, 2023069Coosa Pines Federal Credit Union announced that former Accounting Manager Benjamin Puckett has been promoted to Chief Financial Officer (CFO). Benjamin began his full-time career with the credit union over four years ago after interning for three years during college breaks. A Childersburg native, Benjamin received an undergraduate degree in accounting from the University of Montevallo and a master’s degree from the University of Alabama at Birmingham.
Benjamin went to Montevallo planning to study marketing, but one course in accounting changed that. “I realized that was where I was meant to be,” he said. “I just loved working...
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