A credit union is briefly described as a financial institution controlled and owned by its members. These types of institutions offer plenty of products and services to manage your finances while providing additional products, such as personal loans. Credit unions act as smart alternatives to banks when it comes to entrusting an organization to manage your finances.

To paint a bigger picture, we've outlined below what makes up a credit union and some of the benefits that come with them.

Credit unions are financial institutions, like banks, that offer a broad range of financial solutions for their customers. But, unlike banks, credit unions are cooperative institutions, owned by their members. They're not-for-profits, providing a secure place to save and offering reasonable rates.

Over the next few weeks, many will have the opportunity to share moments with friends and family during the holiday season. In the right circumstances, the holidays can provide the perfect opportunity for relaxed conversation surrounding the legacy you and your loved ones will leave behind. While keeping the details light, you can discuss how loved ones intend to accomplish their plans for the future, and how you can help ensure their plans are fulfilled.

You’ve got questions and Kit has answers! Who’s Kit? MIDFLORIDA’s new, specially programmed chat bot that answers questions about all things MIDFLORIDA.

It started with my youngest step-daughter buying me two shop stools for my 65th birthday. The problem was how to get the stools since she lives in Austin, Texas, about 1,000 miles away. She suggested we could get them the next time her mom and I “visit.” I like to drive, but even I thought a 2,000-mile round trip was excessive to pick up a set of stools for my shop.

Some of you may have read that after nearly 30 years I will be retiring as CEO at the end of February, 2022.  It’s been a great run and I can honestly say that I have loved the job and the people that I have worked with.  I don’t really look at the board and staff as co-workers, to me they have been good friends and family.  It will be with a great deal of sadness when I turn off the office lights for the last time.

It’s with both excitement and dread that I announce that I will be retiring as CEO on February 28, 2022. 

Plaid is a secure online service that allows your bank account to seamlessly integrate into applications. Plaid has more than 800 clients that have accounts integrated into them every day in just minutes, if not seconds, saving time in comparison to manual linking (which can take up to 5 days!). Some of Plaid’s clients include Robinhood, Webull, and even Carvana®!

Moving away from home can be one of the most exciting times of your life, but it can also be a bit nerve-racking. Having a solid plan can help you maintain control of your finances during one of the biggest adjustment periods of your life.

The current pandemic has created a heated debate as to whether the “work from home” concept is here to stay or a passing fad. Within the credit union industry I have spoken to several CEOs and it seems that opinions vary greatly.