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 $200 million dollars
in assets, with over 24,000 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.
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.