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MIDFLORIDA-Martin Merger

UPDATE:  February 2, 2017

We have received approval for the merger from the National Credit Union Administration (NCUA). A special member meeting has been scheduled for Thursday, February 16, 2017.  The meeting will be held at 5:00 pm in our Parkway Office, 1727 Orlando Central Parkway, Orlando, FL 32809

Each member will be mailed a merger ballot packet within the next several days.  This packet will contain information regarding the special meeting and a ballot to cast your vote.  You may use the postage paid envelope that we provide in the packet to mail your vote or you may submit your vote in person at the member meeting on February 16.

If you have any questions that cannot be answered by the information posted there, please call us at 407-857-6328 OR email us at

MIDFLORIDA-Martin Merger Q&A

Your Board of Directors is pleased to announce that we have negotiated a merger with MIDFLORIDA Credit Union. This was not an easy decision to make, however, current economic conditions have made it more difficult to provide the additional convenience, services and technology our members want and deserve. As a result, the new MIDFLORIDA-MARTIN Credit Union will be able to provide all of this and more to our membership. You can view the full letter sent to our members here and view the press release here. For answers to questions you may have and continued updates throughout the merger process, please check our MIDFLORIDA-Martin Merger Q&A below.

Who are we merging with? MIDFLORIDA Credit Union

MIDFLORIDA was established in 1954 as Polk County Teachers Credit Union. Over more than 60 years, MIDLFORIDA has grown into a strong state-chartered credit union, with $2.6 billion in assets and more than 245,000 members. Their branch network consists of 38 branches positioned in eleven counties throughout the central region of Florida.


  • Strong Capital and Net Worth – MIDFLORIDA has been in business for more than 60 years and has been able to strengthen their business during that time. Once merged, we will exceed $2.8 billion in assets .
  • Experience in mergers – MIDFLORIDA has merged with 14 other Florida credit unions and with that experience, they have established a nearly seamless process so that members see minimal impact, yet the end result is a company with better products and services.
  • Culture fit – the approach and philosophy that MIDFLORIDA takes with serving their members closely mirrors Martin’s approach.
  • Branch Network – We will be keeping the branches we already have open AND plan to add more in the next two or three years.
  • Product and services offerings – MIDFLORIDA has many products and services similar to ours. In addition, they offer commercial business accounts and loan options.

Will our branches remain open? For now, the plan is to keep our existing branches open and we plan to begin adding more branches as soon as possible. MIDFLORIDA currently has 38 branches in 11 counties throughout the middle region of Florida. This merger will allow expanded business hours – our branches will be open 7 a.m. to 7 p.m. Monday through Friday and Saturday hours of 9 a.m. to 1 p.m. at most branches as well.

Will the staff stay the same? Most of our branch staff and support staff will remain where they currently are. You will continue to work with the people that you have known for years.

Who will be the president of MIDFLORIDA –MARTIN? The current President of MIDFLORIDA will remain as President of the merged MIDFLORIDA-Martin Credit Union. Our MFCU President, Dan Kelley, will become an Orlando Market President and will be responsible for the branch network and operations here locally.

What will happen with my account and my loans? Some of our accounts are very similar but some will change slightly. We do not know all the details yet but will communicate them as we get closer to the merger time.

When will I know about these account and loan changes? We will be working full time to sort out every detail related to the merger. As we go through this progress, we will issue updates to our members. We will be designating a web page to provide all this information. In those updates, we will provide some loan and account comparisons so that you can see the differences.

Will I be charged additional fees with the new Credit Union? We anticipate that most fees will be the same or less. As we work to merge our products and services, we will update you with this information as well.

When will the merger be finalized? We have begun the first steps of the merger process with the National Credit Union Administration (NCUA). We think we may have approval to move forward in early 2017 and we have scheduled our member meeting and voting on February 16. If the merger reaches final approval in mid-February, we will proceed and plan to have all systems and process merged by late June or early July.

There are still a lot of details to be finalized and we assure you that we will be communicating updates as often as possible. We will dedicate a page on our website with many answers but if you have any questions that cannot be answered by the information posted there, please call us at 407-857-6328 OR email us at

MIDFLORIDA Credit Union History
MIDFLORIDA began in 1954 as Polk County Teachers Credit Union. In 1957, the credit union expanded its charter to serve the employees and volunteers of the Highlands County School Board and, in 1963, the first professional office of MIDFLORIDA Schools Federal Credit Union opened. Over several decades, the credit union underwent several name changes and in 2009, MIDFLORIDA received permission to become a state-chartered credit union. Planning for future expansion, the credit union shortened its name at that time to MIDFLORIDA Credit Union. More change came in 2010 and 2012 with mergers with Bay Gulf Credit Union and Indian River Federal Credit Union. These conversions expanded MIDFLORIDA’s ability to provide services across the state, from the Tampa Bay market to the Treasure Coast. MIDFLORIDA has grown to 38 branches, more than 750 employees and assets exceeding $2.6 billion. Jointly, MIDLFORIDA AND MARTIN FEDERAL will service more than 260,000 members in the region along the I4 corridor, with products and services that rival any local bank, while maintaining the credit union philosophy of excellent personal attention. MIDFLORIDA’s website is:

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