MIDFLORIDA Announces Strong Financial Results in First Half of 2018
MIDFLORIDA Credit Union reports strong financial results in the first half of 2018, thanks largely to the continued success of its expansion markets in the greater Orlando and Tampa areas. At the close of the second quarter, assets totaled $3.24 billion, up almost $190 million for the year.
“Following a record-setting second quarter, our net income for the first half of 2018 was just over $20 million,” comments Zelda V. Abram, MIDFLORIDA’s Chief Financial Officer. Much of the company’s growth can be attributed to the addition of more than 16,000 new members so far in 2018, with the credit union now boasting more than 300,000 members.
MIDFLORIDA anticipates that momentum from the first half of 2018 will continue throughout the year and into 2019. By early next year, the credit union will open their first Hernando County branch in Spring Hill and two additional branches in St. Lucie County.
About MIDFLORIDA Credit Union
MIDFLORIDA is a state-chartered financial institution headquartered in Lakeland, Fla. MIDFLORIDA Credit Union is open for membership to anyone who lives, works, worships, or attends school within its Central Florida service area, which spans from coast to coast.