Company Profile
Company History
Chartered in January 1962, West Florida Central Credit Union was established for other credit union employees and officials in the West Florida Area.
In 1969 the State of Florida approved the addition of other liquidating credit unions or SEGS (Small Employee Groups) that were unable to support themselves or develop their own credit union. We were able to merge credit unions such as: Sacred Heart Employees Credit Union, Enlisted Men’s Credit Union, Borden’s Dairy Credit Union, Automobile Dealers Credit Union, SPC Credit Union, Westinghouse, Community Mental Health (Lakeview) and Armstrong World Industries. During the next 5 years the credit union grew rapidly merging other credit unions and offering more services.
In 1978 the central for the Jacksonville, FL area – Jacksonville Central Credit Union was merged with us, West Florida Central, doubling the credit union in size overnight. To represent the entire area we changed the name to Central Credit Union of Florida and maintained a branch in the Jacksonville area.
June 1982 the state of Florida wanted to start a Community Credit Union which would give people the opportunity to join a credit union without having a common bond (such as an employer). Allowing people to join a community credit union if they resided within 100 miles of the credit union. Central Credit Union was made the first Community Credit Union in the state of Florida.
Because of these changes to the Florida Statutes, our field of membership broadened to include anyone living or working in Escambia, Santa Rosa, Okaloosa and Duval Counties. This resulted in our first branch in the north area of Escambia County which is now known as our Cordova Branch.
During the late 90’s the credit union made the decision we wanted to be a credit union for all people and stick with the philosophy of what a credit union really is….people helping people. We specialize in ‘one member at a time’ considering all their financial needs, not joining the masses. We want to give the personal service that will go beyond their expectations.
In 2006 we were the first northwest Florida credit union to join the Shared Branching Network which allows our member’s access to their accounts at over 3,000 branches worldwide. This also enables non-members to use our credit union to access their accounts at other credit unions on the network.
As Central continued to grow, an opportunity to join two credit unions with the same philosophy appeared. Central Credit Union of Florida acquired Endeavor Federal Credit Union (formerly Telco of Florida Credit Union). Which again doubled the credit union size bringing our assets to over $100 million and our membership over 13,000.
We are a state chartered, federally insured credit union. Meaning we not only abide by the state of Florida Statutes but also federal regulations for financial institutions (NCUA). We are a very safe and sound institution.
Central Credit Union of Florida continues to have the dedicated Board of Directors and staff that maintains the mission statement of this credit union past, present and future….”We will serve the needs of our members beyond their expectations”.