Growth in Jacksonville helps credit unions in Florida pass five million member mark

From the Jacksonville Business Journal Florida credit unions saw steady growth in the first quarter of 2015, according to data collected by the League of Southeastern Credit Unions & Affiliates. Credit unions in the Sunshine State added 90,000 members — going over the five million mark — and $2 billion in new assets in Q1. […]

From the Jacksonville Business Journal

Florida credit unions saw steady growth in the first quarter of 2015, according to data collected by the League of Southeastern Credit Unions & Affiliates. Credit unions in the Sunshine State added 90,000 members — going over the five million mark — and $2 billion in new assets in Q1.

In the Jacksonville market, that total broke down to:

$360 million in new assets
9,000 new members
$139 million in new loans ($68 million in autos; $33 million in used autos; $45 million in first mortgages; $13 million in small business loans)

“Passing the five million member mark in Florida is a significant milestone,” LSCU & Affiliates President/CEO Patrick La Pine said in a statement. “Florida now has the fourth most [credit union] members in the country.”

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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To create an environment that enables credit unions to grow and succeed.

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To be the trusted advocate and preferred source of information for credit unions.

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