Letter from the President

Dear Owners,

We can sum up 2019 in one word: growth. There were tremendous increases in loan volume, earnings, branch locations, and members. In fact, for the first time ever, MIDFLORIDA is among the top 50 credit unions in the nation, with the 49th largest amount in total assets. We also grew geographically with the addition of branches in St. Lucie West and Carrollwood, giving members in the booming Treasure Coast and Tampa markets even more ways to bank with MIDFLORIDA.

While these are major achievements in their own right, the two bank mergers and acquisitions we completed in November were undoubtedly the year’s greatest accomplishments. Acquiring Community Bank and Trust of Florida has allowed us to expand our branch network into Ocala, The Villages, and Gainesville, while merging with First American Bank has seen the addition of branches in Cape Coral and Naples. These mergers have expanded our footprint across the state, with branches now spanning north and south from Gainesville to Naples, and east and west from Port St. Lucie to Clearwater. Banking with MIDFLORIDA has simply never been more convenient.

In conjunction with these accomplishments, other business areas also saw incredible growth. By the end of 2019, our Dealer Direct network had expanded to include more than 450 total car dealerships, giving members the ability to finance their vehicles at the dealerships of their choice. We also expanded our mortgage product offerings to help members achieve the American Dream, whether they are purchasing their first home or their forever home. We expanded our commercial products, allowing members to transform their ideas into full-fledged businesses or expand their existing companies into larger, even more successful enterprises.

No matter how much MIDFLORIDA grows and expands its footprint throughout the state, our primary focus and number-one goal remains the same—providing excellent service to our members. Thank you for your loyalty and for trusting MIDFLORIDA with all of your financial needs.

Sincerely,

Steve Moseley

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View the full 2019 Annual Report for updates from Kevin Jones (CEO), Darrell Jensen (Board Chairman), and Zelda Abram (CFO).