MidFlorida Credit Union

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Credit Union
Industry Financial services
Founded 1954 (1954)
Headquarters Lakeland, Florida, United States
Number of locations
47 (June, 2018)
Key people
Kevin Jones (President & CEO)
AUM $3.25 billion (June, 2018)
Website midflorida.com

MIDFLORIDA Credit Union, founded in 1954, is a credit union based in Lakeland, Florida. As of 2018, MIDFLORIDA has 47 locations throughout the state of Florida.[1] MIDFLORIDA has 300,074 members and $3.25 billion in assets as of June 31st, 2018[2], making MIDFLORIDA the fourth-largest credit union in the state of Florida.[3] 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.[4]


MIDFLORIDA Credit Union was founded in 1954 in Lakeland as the Polk County Teachers Credit Union,[5] 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.[6]

Bay Gulf Merger[edit]

On June 15, 2010, MIDFLORIDA and Bay Gulf Credit Union announced a merger[7] between the two credit unions, which added Bay Gulf's approximately 20,000 members and $140 million assets to MIDFLORIDA's then 130,000 members and $1.4 billion assets.[8] As a result of the merger, MIDFLORIDA gained access to the Tampa Bay area and expanded services to all or part of 14 Florida counties.

Space Coast acquisition[edit]

Near the end of 2011, MIDFLORIDA Credit Union and Space Coast Credit Union announced that MIDFLORIDA would acquire 6 Tampa-area branches from Space Coast, based in Melbourne, Florida.[9] This acquisition added 16,000 members to MIDFLORIDA for a total of 35,000 members and 14 branches in Hillsborough, Pasco and Pinellas counties.

Indian River Credit Union merger[edit]

In 2012, MIDFLORIDA Credit Union merged with Indian River Federal Credit Union, based in Vero Beach, Florida. The merger added Indian River's 9,100 members and $55.5 million assets to MIDFLORIDA, giving the credit union two additional branches in Vero Beach and Sebastian, Florida.[10][11] These conversions expanded MIDFLORIDA’s ability to provide services across the state, from the Tampa Bay market (Hillsborough and Pinellas County) to the Treasure Coast.


  1. ^ "MidFlorida Credit Union Branches". MidFlorida Credit Union. Retrieved June 1, 2013.
  2. ^ "CALL Report Data". NCUA. NCUA. Retrieved 31 July 2018.
  3. ^ "MidFlorida Credit Union Assets". Credit Unions Directory.net. Retrieved June 1, 2013.
  4. ^ "National Credit Union Administration". National Credit Union Administration. Retrieved June 1, 2013.
  5. ^ "Mid-Florida Credit Union to close Sebastian branch". TCPalm. Retrieved 2017-02-27.
  6. ^ "MidFlorida FCU Flips To State Charter". Credit Union Journal. Retrieved June 1, 2013.
  7. ^ "MidFlorida, Bay Gulf credit unions plan to merge". Tampa Bay Business Journal. Retrieved June 1, 2013.
  8. ^ "Bay Gulf Credit Union". Credit Union Access. Retrieved June 1, 2013.
  9. ^ "Space Coast CU Spins Off Six Branches, 16,000 Members To MIDFLORIDA CU". Credit Union Journal. Retrieved June 1, 2013.
  10. ^ "Indian River Credit Union to merge with MIDFLORIDA". TCPalm. Retrieved June 18, 2013.
  11. ^ "Two Credit Unions Agree To Merge With MidFlorida". The Ledger. Retrieved June 18, 2013.