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To provide all needed financial services for our members
while maintaining our long-term financial stability.
A Brief History of SunState
Federal Credit Union |
SunState Federal Credit Union was started as Florida
USDA Federal Credit Union in 1957. Marvis B. Roberts
and several other Alachua County, Florida, employees
of the United States Department of Agriculture (USDA)
were the founders. The original 10 charter members
each put up $5 to give the credit union its first $50
in assets. SunState Federal Credit Union has now grown
to over $253.1 million dollars in assets, with over
25,000 members.
In 1957, this credit union was originally chartered
to serve USDA employees in the state of Florida.
In the late 1970s, the credit union was allowed to
expand its field of membership to serve all federal
employees in Alachua County, Florida, including employees
of the newly built Veterans Administration Medical
Center. Also in the late 1970s, the Federal Government
Employees Credit Union in Lake City, Florida was merged
into then Florida USDA Federal Credit Union. This expanded
our field of membership to include federal employees
in Columbia County, Florida.
In 1988, the National Credit Union Administration
began allowing federally chartered credit unions to
serve multiple membership groups, as long as the members
of each individual group had a common bond among themselves.
Our credit union decided to begin adding groups to
our field of membership under the new provisions.
In 1993, because our membership had diversified away
from the core of USDA employees, the board of directors
voted to change the credit union's name to SunState
Federal Credit Union. This name was chosen to reflect
our evolution into a major financial resource for the
communities and members we now serve.
By the end of 1994, we were serving over 100 individual
membership groups, most of which were very small, with
less than 20 members who were not eligible for credit
union membership elsewhere.
In 1995, under new National Credit Union Administration
guidelines regarding under-served populations, SunState
Federal Credit Union expanded its field of membership
to include the populations of Dixie, Gilchrist, and
Levy Counties in Florida.
In the late 1990's, the credit union movement faced
a crisis. The American Bankers Association, along with
other bank-related groups filed suit to stop federal
credit unions from serving multiple groups. This battle
went all the way to the United States Supreme Court,
and then to Congress. In the end, Congress passed a
new Federal Credit Union Act and the rights of credit
unions to serve multiple groups of independent common
bonds was preserved.
In 1999, SunState Federal Credit Union converted from
an occupational-based federal charter to a community-based
federal charter.
Who Can Join SunState
Federal Credit Union? |
As of April 1999, the core field of membership of
SunState Federal Credit Union is anyone who lives,
works, worships, or attends school in Alachua, Columbia,
Dixie, Gilchrist, or Levy Counties in the state of
Florida.
Additionally, you can join if:
- You are the spouse of a person who died while within
the field of membership of SunState Federal Credit
Union,
- You are an employee of SunState Federal Credit
Union,
- You retired as a pensioner or annuitant from SunState
Federal Credit Union,
- You are an immediate family member of a current
SunState Federal Credit Union member. "Immediate
family member"
is defined as a spouse, child, sibling, parent, grandparent,
or grandchild; this includes step-parents, step-children,
step-siblings, and adoptive relationships.
If you have any questions regarding your eligibility
for membership in SunState Federal Credit Union, please
call any SunState Federal Credit Union branch.
Branch locations and phone
numbers. |