Florida State University Credit Union Held its 58th Annual Membership Meeting and Announced they Returned Nearly $750,000 in Dividends in 2012

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Florida State University’s Annual Membership Meeting highlighted the growth of assets in the past year, new electronic services and the re-election of Board of Directors members.

Florida State University Credit Union held its 58th Annual Membership Meeting on April 25 at their main office located at 2806 Sharer Road in Tallahassee, FL. A satellite meeting was held on the same day and time at the Elks Lodge in Perry, FL. Over 150 credit union members attended between both meeting locations.

The Board and members of the Executive Management team highlighted some of the successes from the past year:

  •     Total membership as of December 31, 2012 stood at 15,854.
  •     Total assets grew by 9.9 percent from the prior year to $127,002,617.
  •     Member deposits grew to $113,749,807.
  •     Loans to members increased 5.05 percent from the prior year to $1,528,807.
  •     FSU Credit Union’s responsible lending continued as evidenced by a loan delinquency rate of 0.91 percent.
  •     Interest rates on member deposits remained very competitive and consistent with peer institutions, allowing FSU Credit Union to return $747,491 in dividends to the membership.

Bradley Blake, President and CEO of FSU Credit Union, announced the addition of some new electronic services to include mobile banking. He gave an update on the renovations taking place to FSU Credit Union’s Campus Branch - scheduled to reopen in the fall of 2013 - and ensured members that quality service will remain a top priority in 2014. “We want FSU Credit Union to be an inviting place for members to reach their financial goals, whether you visit one of our branches or visit us online,” commented Blake.

FSU Credit Union’s Nominating Committee announced the re-election of Dr. Stacy Sirmans, Mark Striffler, and William Woodyard to the Credit Union’s Board of Directors. Each will serve one three-year term. Also elected was David White, who will serve one three-year term on the Supervisory Committee. FSU Credit Union’s Board of Directors and Supervisory Committee consist of unpaid volunteers, elected by and from the membership.

The final part of the meeting was the recognition of retiring employee Kay Green. Green was the CEO at Tree Capital Credit Union prior to its merger with FSU Credit Union. She was employed at Tree Capital Credit Union for over 17 years. She will come back in a part-time status to coordinate community outreach efforts in Taylor County.

About the company:
Florida State University Credit Union offers a full range of financial services, including personal and business banking needs. Florida State University Credit Union's mission is to "maximize members' financial well-being" and their board, management team and staff consistently strive to offer competitive products and excellent service to those consumers choosing an innovative alternative to conventional banking. Florida State University Credit Union continues to operate as a not-for-profit; member-owned financial cooperative with locations in Leon, Taylor and Wakulla counties in addition to shared service locations nationwide. Membership is open to Florida State University fans, family and friends to include students, faculty, alumni and individuals living or working in Leon, Gadsden, Taylor or Wakulla County. FSUCU provides traditional business accounts and checking accounts. They also offer their members the ability to apply for Visa credit cards, automobile loans, and home equity loans. Visit Florida State University Credit Union online at http://www.fsucu.org to learn more.

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