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As of February 2020, VyStar has 59 full-service branches, 16 high-school branches and serves more than 700,000 members with approximately $9 billion in assets, making it the 16th-largest credit union by asset size among the more than 5,500 credit unions in the U.S. and the second-largest credit union headquartered in Florida.
MidFlorida Credit Union (stylized as MIDFLORIDA) is a credit union based in Lakeland, Florida. MidFlorida has 58 locations throughout the state of Florida, 421,180 members and $6.05 billion in assets as of December 31, 2021, [ 1 ] making MidFlorida the fourth-largest credit union in the state of Florida. [ 2 ]
The company provides housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
Each credit union must have a defined membership per the Federal Credit Union Act of 1934. Therefore, not everyone is eligible to join every credit union.
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In 1978, it converted to a federal charter and changed its name to Suncoast Schools Federal Credit Union. In December 2013, the credit union obtained a state charter and changed its name to Suncoast Credit Union. [4] In December 2019, the credit union was in the process of purchasing Apollo Bank, which was expected to be completed by May 2020. [5]
The U.S. Navy closed the Charleston Naval Shipyard and naval base on April 1, 1994, but CNS' member base was robust enough that the credit union was able to withstand the loss. In recognition of the changed environment and the credit union's broad membership, CNS changed its name on August 9, 1994, to South Carolina Federal Credit Union.
In March 2013, Navy Federal Credit Union further widened its membership to include all Coast Guard members and employees as well. In 2020, Navy Federal Credit Union also expanded its membership to include Space Force members. [3] In 2014, Navy Federal expanded its Vienna headquarters. As of July 2024, 5,100 employees worked at the Vienna ...