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Florida credit unions surpass $45 billion in assets

Florida credit unions added 48,000 new members in the second quarter, bringing the industry to 4.65 million members statewide with $45.3 billion in assets, both records.

The League of Southeastern Credit Unions, which announced the numbers Thursday, cited continued growth in both Florida and Alabama as evidence of a continued backlash against banking fees.

Nonetheless, the credit union presence still pales compared to banks, which boast well over $400 billion in deposits statewide according to 2011 data from the Federal Deposit Insurance Corp.

Florida credit unions surpass $45 billion in assets 06/07/12 [Last modified: Thursday, June 7, 2012 6:43pm]
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