USF Federal Credit Union Raises a Toast to 2015

Share Article

USF Federal Credit Union rings in the New Year by celebrating the achievements of 2015.

USF FCU CEO Richard Skaggs presenting 2015 achievements

It’s nice to see that not all of the credit union’s achievements are based on just numbers.

On January 9, 2016, USF Federal Credit Union (USF FCU) held its annual employee appreciation gala and there were no shortage of milestones from 2015 to reflect upon. In particular, USF FCU merged with Darden Employees Federal Credit Union in Orlando, launched two brands – Darden Credit Union and Red Lobster Credit Union – as divisions of USF FCU, created a first-of-its-kind executive internship program with the USF MUMA College of Business, completely renovated the USF FCU Marshall Center branch, and surpassed their loan goal. While stating some of last year’s accomplishments, the CEO and president of USF FCU, Richard Skaggs, remarked, “It’s nice to see that not all of the credit union’s achievements are based on just numbers. Each loan our credit union made helped an individual enter into a better financial situation than before they became a member.”

In early 2015, USF FCU merged with Darden Employees Federal Credit Union located in Orlando. Once the merger was in progress, the Darden Credit Union and Red Lobster Credit Union brands were established as divisions of USF FCU. Incorporating these new brands into the organization was a substantial undertaking but has allowed USF FCU to reach additional fields of membership; such as, employees of Darden and Red Lobster restaurants, the Orlando Sentinel, Reed Brennan Media, and any immediate family (spouse or domestic partner, parents, grandparents, children, grandchildren, siblings and in-laws) of credit union members.

At the start of last year, USF FCU came up with its strategic plan and set a loan goal that seemed ambitious at the time. The employees at the credit union were confident that they could rise to the challenge while helping their members. Loans are vital to the stability of the credit union but the main focus has always been the financial advancement of the membership. USF FCU wants to make a loan that is ideally suited to the members’ specific needs and assist them with important life events – from building a good FICO score through a secured credit card to buying their first home.

Another noteworthy event was USF FCU’s partnership with the USF MUMA College of Business and the renovation of their Marshall Center branch on USF’s main campus (Tampa). To help run this facility, USF FCU selected six students from the MUMA College of Business to participate in a three year internship with the credit union. These students will have the opportunity to receive mentoring from staff at the credit union, earn a competitive wage, work flexible hours, obtain course credit, and learn about the banking industry through hands-on experience. This internship program is unlike any other currently on a college campus and as the first interns in this program, the students will be able to offer advice for any future improvements.

While it is important to recognize a year of accomplishments, USF FCU is consistently looking to the future and will continue to deliver on the promise of “service” to its membership.

“USF Federal Credit Union offers a full range of financial services to the faculty, staff, students, alumni association members, and their families worldwide in addition to the organizations with employees on the campuses of the University of South Florida. USF FCU recently expanded membership to include employees of Darden Restaurants, Inc., Red Lobster employees and numerous businesses across the Tampa Bay area. Founded in 1959, USF FCU has over 52,000 members and more than $500 Million in assets. USF Federal Credit Union has six branch locations and participates in the Shared Services Network, which allows access to branch locations nationwide.”

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Debbie Clark
Visit website