This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (July 2022) |
![]() | This article contains content that is written like an advertisement .(July 2022) |
![]() | |
![]() | |
Formerly | CFE Federal Credit Union |
---|---|
Company type | Credit union |
Industry | Financial services |
Founded | 1937 |
Headquarters | Lake Mary, Florida, United States |
Number of locations | 26 branches (2021) |
Area served | Orange, Osceola, Seminole, Lake, Alachua, Brevard, Duval, Flagler, Hernando, Highlands, Hillsborough, Indian River, Manatee, Marion, Martin, Okeechobee, Pasco, Pinellas, Polk, Sarasota, St. Johns, St. Lucie, Sumter, Volusia Counties in Florida |
Key people |
|
Products |
|
Total assets | $2.265 Billion USD [2] (2020) |
Members | 162,945 (2020) |
Number of employees | 548 (2020) |
Website | www |
Addition Financial Credit Union (Addition Financial) is a state-chartered credit union headquartered in Lake Mary, Florida. The credit union is a member-owned, not-for-profit financial cooperative with 26 branches in six counties, with its field of membership currently open to 24 counties in Florida. [3]
Addition Financial was founded in 1937 by a group of 23 educators who aimed to create a better financial alternative to what the banks were offering. When it was first established, the credit union was named Orange County Teachers Federal Credit Union, as it served educators in Orange County Public Schools at that time. Over the years, the credit union changed its name to Central Florida Educators Federal Credit Union, then shortened its name to CFE Federal Credit Union, as it broadened its field of membership to a community charter and began to serve consumers in Seminole, Lake and Osceola counties.[ citation needed ]
In 2011, the credit union (then CFE Federal Credit Union) acquired UCF Federal Credit Union, [4] which bolstered its presence in the higher education community and at the University of Central Florida. In 2015, CFE acquired Seminole Schools Federal Credit Union. [5]
In 2019, in order to expand outside of the realm of education and eliminate confusion surrounding who was eligible to join, CFE changed its name to Addition Financial Credit Union. [6]
Also in 2019, Addition Financial was one of the first credit unions in the state of Florida to purchase a bank. [7] In August of that year, the credit union acquired Fidelity Bank of Florida, a commercial bank based in Merritt Island, thus expanding its footprint to Brevard County. [8]
The credit union offers a range of consumer and business products, including checking and savings accounts, loans, mortgages and investment services. In addition, the company provides specific products designed for educators. Addition Financial offers co-branded affinity debit cards. [9]
Addition Financial participates in several community outreach activities and initiatives that relate to their background in education. In 2008, Addition Financial opened its first student-run high school branch at Timber Creek High School. This program has expanded to serve nine high schools across Orange, Seminole and Osceola counties. [10]
In 2013, Addition Financial (then CFE Federal Credit Union) acquired the naming rights for the UCF Arena, a sports and entertainment venue in Orlando, and was named the official financial institution of the UCF Knights. [4] When the credit union changed its name in 2019, the arena was renamed the Addition Financial Arena. [11] On August 18, 2022, UCF announced that Addition Financial had extended their naming rights for the facility through 2034. [12]
In 2014, Addition Financial became the preferred credit union of Seminole State College of Florida, [13] and was named the preferred credit union of Valencia College in 2018. [14] Through its college and university partnerships, Addition Financial offers on-campus ATMs, financial education workshops, scholarships, event sponsorships and other support for students, faculty and staff. In 2016, Addition Financial was the second company to pledge its support to the new UCF Downtown Campus, pledging $1.5 million. [15]
The credit union partners regularly with education-focused non-profit organizations, such as A Gift For Teaching, and maintains close ties with Orange County Public Schools, Seminole County Public Schools, Lake County Public Schools and Osceola School District. In 2018, Addition Financial launched its Renovate to Educate Contest, selecting public school teachers from its partner school districts to receive a classroom makeover, designed by Interior Design interns from Seminole State College. [16]
Addition Financial also provides scholarships through its annual Joseph A. Melbourne Jr. Scholarship Program. [17] Each year, the credit union offers scholarships for six high school seniors in Florida and two UCF graduate students.
Addition Financial offers free financial education workshops both in person and virtually for its community partners. The credit union also provides free webinars and seminars, [18] financial education blogs and the Making It Count podcast. [19]
In March 2020, Addition Financial also launched the On The + Side blog series to help community members cope with the challenges of the COVID-19 pandemic. [20]
Addition Financial has been recognized for its community outreach. In 2019, Addition Financial received the Corporate Philanthropy Award from Orlando Business Journal. [21] In recent years, the credit union has also been recognized with the UCF Partnership Award, and the Harvey Milk Diversity in Business Award. [22]
Seminole County is a county located in the central portion of the U.S. state of Florida. As of the 2020 census, the population was 470,856, making it the 13th-most populated county in Florida. Its county seat and largest city is Sanford. Seminole County is part of the Orlando-Kissimmee-Sanford, Florida Metropolitan Statistical Area.
The University of Central Florida (UCF) is a public research university with its main campus in unincorporated Orange County, Florida. It is part of the State University System of Florida. With 68,442 students as of the fall 2022 semester, UCF has the fourth-largest on-campus student body of any public university in the United States. UCF is classified among "R1: Doctoral Universities – Very high research activity" and is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.
Osceola, named Billy Powell at birth in Alabama, became an influential leader of the Seminole people in Florida. His mother was Muscogee, and his great-grandfather was a Scotsman, James McQueen. He was reared by his mother in the Creek (Muscogee) tradition. When he was a child, they migrated to Florida with other Red Stick refugees, led by a relative, Peter McQueen, after their group's defeat in 1814 in the Creek Wars. There they became part of what was known as the Seminole people.
The Orlando metropolitan area, Greater Orlando, Metro Orlando, as well as for U.S. Census purposes as the Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area, is a metropolitan area in the central region of the U.S. state of Florida. Its principal cities are Orlando, Kissimmee and Sanford. The U.S. Office of Management and Budget defines it as consisting of the counties of Lake, Orange, Osceola, and Seminole.
Seminole State College of Florida is a public college with four campuses in Central Florida. It is part of the Florida College System.
Addition Financial Arena is a sports and entertainment arena located near Orlando in Orange County, Florida, United States, on the main campus of the University of Central Florida. It was constructed beginning in 2006 as a replacement for the original UCF arena, and as a part of Knights Plaza. The arena is home to the UCF Knights men's and women's basketball teams. The arena also hosted the annual Science Olympiad in 2012 and 2014.
Lake–Sumter State College is a public college with multiple campuses in Central Florida: three campuses in Lake and Sumter Counties; the original campus in Leesburg; the South Lake Campus in Clermont; and the Sumter Campus in Sumterville. It is a member of the Florida College System. The college also partners with The Villages Charter High School as a dual enrollment site.
The UCF Knights men's basketball team represents The University of Central Florida, located in unincorporated Orange County, Florida near Orlando, United States. UCF competes in Division I of the National Collegiate Athletic Association (NCAA), and as of the next college basketball season in 2023–24, the Big 12 Conference. The Knights play their home games in the Addition Financial Arena located on the university's main campus. They are coached by Johnny Dawkins who was hired in 2016.
The Seminole Tribe of Florida is a federally recognized Seminole tribe based in the U.S. state of Florida. Together with the Seminole Nation of Oklahoma and the Miccosukee Tribe of Indians of Florida, it is one of three federally recognized Seminole entities. It received that status in 1957. Today, it has six Indian reservations in Florida.
iTHINK Financial was formed in 1969 to serve the employees of IBM. iTHINK Financial is a state chartered, federally insured credit union with more than $1.5 billion in assets and more than 95,000 Members. iTHINK Financial has 22 branches located throughout Florida and Georgia and approximately 380 employees. iTHINK Financial’s headquarters are located in Delray Beach, Florida.
The Michigan State University Federal Credit Union (MSUFCU) is a credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is federally chartered and regulated by the National Credit Union Administration (NCUA). MSUFCU is the largest university-based credit union in the world, and the second-largest credit union in Michigan.
Knights Plaza at University of Central Florida, commonly referred to as Knights Plaza, is an athletic village and shopping center on the main campus of the University of Central Florida in Orlando, Florida, United States. The plaza consists of housing for more than 2,000 students in four towers, 183,000 square feet (17,000 m2) of commercial space, the 10,000-seat Addition Financial Arena, and the 2,300-seat Venue at UCF Arena. The design of the plaza and its mixed use appeal to students, faculty, and surrounding residents, making it a popular community destination.
Orlando, Florida has a history of major events in sports. It has had a considerable measure of success in minor league sports as well, with teams winning several minor league championships.
The residence hall system at the University of Central Florida in Orlando, Florida is administered by the Department of Housing and Residence Life. As of 2011, the system offers just under 6,500 beds on its main campus within five housing communities, 400 beds at the Rosen College of Hospitality Management, and 3,750 beds in university-affiliated housing.
The Venue at UCF is a sports and entertainment arena located near Orlando, Florida, United States on the main campus of The University of Central Florida in unincorporated Orange County. The arena, which was opened in 1991, housed the Knights men's and women's basketball teams from 1991 to 2007, and has served as home to UCF's volleyball team since 1991. The Venue also serves as a practice facility for the university's basketball teams, and houses administrative offices for the same.
WUCF-TV is a PBS member television station in Orlando, Florida, United States. Owned by the University of Central Florida (UCF), it is the region's sole PBS member station, reaching an estimated population of 4.6 million people in its viewing area. WUCF-TV is sister to WUCF-FM (89.9 MHz), Central Florida's secondary NPR station. The two outlets share studios on Research Parkway on the UCF campus. Through a channel sharing agreement with religious station WTGL, the two stations transmit using WUCF-TV's spectrum from an antenna in unincorporated Bithlo, Florida.
PrimeWay Federal Credit Union is an American credit union based in Houston, Texas. It is federally insured, federally chartered, and member-owned, not-for-profit financial cooperative.
Bill Osceola was the first president of the Seminole Tribe of Florida. When the federal government marked his tribe for termination, Osceola came up with the idea of creating a rodeo as a tourist attraction to raise funds. The rodeo earned enough money to pay for tribal representatives to lobby against termination and formally organize as a tribe.
California Credit Union (CCU), previously known as the Los Angeles Teachers Credit Union, is a state-chartered credit union in Southern California that focuses on providing financial services to residents of three Southern California counties as well as teachers and others in the education community.
Robins Financial Credit Union is a credit union based in Warner Robins, Georgia. Robins Financial is the 2nd largest credit union in the state of Georgia. As of March 31, 2022, Robins Financial has over 243,000 members and over $4 billion in assets. Robins Financial operates 22 branch locations throughout the state of Georgia.
{{cite web}}
: CS1 maint: numeric names: authors list (link){{cite web}}
: CS1 maint: numeric names: authors list (link){{cite web}}
: CS1 maint: numeric names: authors list (link)