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MidFlorida Credit Union
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, making MidFlorida the fourth-largest credit union in the state of Florida. MidFlorida Credit Union is regulated by the National Credit Union Administration (NCUA) as a federally insured state-chartered credit union. MidFlorida was officially chartered in 1935 and was assigned NCUA charter number 68600. History MidFlorida Credit Union was founded in 1954 in Lakeland as the Polk County Teachers Credit Union, and currently serves a large part of the Central Florida area. In 2002, MidFlorida expanded its community charter to include Okeechobee, Sumter and Hardee counties. MidFlorida became a state-chartered credit union in 2009, shortening the company name to MidFlorida Credit Union. Bay Gulf Merger On June 15, 2010, MidFlorida and Bay Gulf Credit Union ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lakeland, Florida
Lakeland is the most populous city in Polk County, Florida, part of the Tampa Bay Area, located along Interstate 4 east of Tampa. According to the 2020 U.S. Census Bureau release, the city had a population of 112,641. Lakeland is a principal city of the Lakeland–Winter Haven Metropolitan Statistical Area. European-American settlers arrived in Lakeland from Missouri, Kentucky, Tennessee, Georgia and South Carolina in the 1870s. The city expanded in the 1880s with the arrival of rail service, with the first freedmen railway workers settling here in 1883.Kimberly C. Moore, "Confederate vets, former slaves form Lakeland’s history" ''The Ledger'', 09 May 2018; accessed 27 June 2018 They and European immigrants also came ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tampa Bay Area
The Tampa Bay area is a major populated area surrounding Tampa Bay on the west coast of Florida in the United States. It includes the main cities of Tampa, St. Petersburg, and Clearwater. It is the 18th largest metropolitan area in the United States, with a population of 3,175,275 as of the 2020 U.S. Census. The exact boundaries of the metro area can differ in different contexts. Hillsborough County and Pinellas County (including the cities of Tampa, St. Petersburg, Clearwater, and several smaller communities) make up the most limited definition. The United States Census Bureau defines the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area ( MSA) as including Hernando, Hillsborough, Pasco, and Pinellas counties; and it is the 18th-most populated MSA in the country. Unlike most large metropolitan areas, Tampa is not part of any combined statistical area and is the second-most populated MSA in the United States to not be part of one. Other definitions of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Space Coast Credit Union
Space Coast Credit Union (also known as SCCU) is a state-chartered credit union headquartered in Melbourne, Florida. It is insured and regulated by the National Credit Union Administration (NCUA). As of 2022, SCCU had over 560,000 members and $7.7 billion in assets, making it the third largest credit union in Florida. History SCCU was formed in 1951 as Patrick Air Force Base Credit Union, serving Patrick Air Force Base. The credit union started with $372 and 7 members. The company changed its name to Space Coast Credit Union in 1980. In 2009, SCCU merged with Eastern Financial Florida Credit Union, growing SCCU's assets to $3.2 billion and 380,000 members. Prior to the merger, bad loans and investments made during the 2007–2008 financial crisis put Eastern Financial into distress. NCUA took control of Eastern Financial and turned operations over to SCCU. In 2011, SCCU spun off its Tampa Bay area operations to MidFlorida Credit Union, gaining MidFlorida 16,000 members, 6 bra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melbourne, Florida
Melbourne is a city in Brevard County, Florida, United States. It is located southeast of Orlando. As of th2020 Decennial Census there was a population of 84,678. The municipality is the second-largest in the county by both size and population. Melbourne is a principal city of the Palm Bay – Melbourne – Titusville, Florida Metropolitan Statistical Area. In 1969, the city was expanded by merging with nearby Eau Gallie. History Early human occupation Evidence for the presence of Paleo-Indians in the Melbourne area during the late Pleistocene epoch was uncovered during the 1920s. C. P. Singleton, a Harvard University zoologist, discovered the bones of a mammoth ('' Mammuthus columbi'') on his property along Crane Creek, from Melbourne, and brought in Amherst College paleontologist Frederick B. Loomis to excavate the skeleton. Loomis found a second elephant, with a "large rough flint instrument" among fragments of the elephant's ribs. Loomis found in the same stratum m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vero Beach, Florida
Vero Beach is a city in and the seat of Indian River County, Florida, United States. Vero Beach is the second most populous city in Indian River County. Abundant in beaches and wildlife, Vero Beach is located on Florida's Treasure Coast. It is thirty-four miles south of Melbourne, Florida. According to the U.S. Census Bureau's 2010 data, the city had a population of 15,220. History Pre-Columbian Parts of a human skeleton were found north of Vero in association with the remains of Pleistocene animals in 1915. The find was controversial, and the view that the human remains dated from much later than the Pleistocene prevailed for many years. In 2006, an image of a mastodon or mammoth carved on a bone was found in vicinity of the Vero man discovery. A scientific forensic examination of the bone found the carving had probably been done in the Pleistocene. Archaeologists from Mercyhurst University, in conjunction with the Old Vero Ice Age Sites Committee (OVIASC), conducted excavations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sebastian, Florida
Sebastian is a city in Indian River County, Florida, United States at the confluence of the St. Sebastian River and the Indian River. It is two miles away from the Atlantic Ocean. It is the largest city in Indian River County and the biggest population center between Palm Bay, Florida and Fort Pierce, Florida. The city’s economy is heavily reliant on tourism. It has numerous resorts in the local area, such as Disney's Vero Beach Resort. It is very close to many natural and scenic areas like the Pelican Island National Wildlife Refuge, Sebastian Inlet State Park, and St. Sebastian River Preserve State Park. In 2020, the population recorded by the U.S. Census Bureau was 25,054. Sebastian is a principal city of the Sebastian− Vero Beach Metropolitan Statistical Area, which includes all of Indian River County. History In 1715, several Spanish ships loaded with treasure (known as the 1715 Treasure Fleet) encountered a storm off the shores of the Treasure Coast and were los ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ocala, Florida
Ocala ( ) is a city in and the county seat of Marion County within the northern region of Florida, United States. As of the 2020 United States Census, the city's population was 63,591, making it the 54th most populated city in Florida. Home to over 400 thoroughbred farms and training centers, Ocala was officially named the Horse Capital of the World in 2007. Notable attractions include the Ocala National Forest, Silver Springs State Park, Rainbow Springs State Park, and the College of Central Florida. Ocala is the principal city of the Ocala, Florida Metropolitan Statistical Area, which had an estimated 2017 population of 354,353. History Ocala is located near what is thought to have been the site of '' Ocale'' or Ocali, a major Timucua village and chiefdom recorded in the 16th century. The modern city takes its name from the historical village, the name of which is believed to mean "Big Hammock" in the Timucua language. The Spaniard Hernando de Soto's expedition reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Based In Florida
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
