JACKSONVILLE, Fla. -- On Feb. 5 The Department of Highway Safety and Motor Vehicles Credit Union received the final approval from members to merge with First Florida Credit Union.
Effective March 1, DHSMV CU will become part of First Florida CU, which will give DHSMV CU members access to First Florida's state-wide branch network and national shared branch network that provides free financial transactions at over 200 credit union service centers in Florida and more than 2,800 centers nationwide. The DHSMV CU office will remain open, providing First Florida with a third branch in Tallahassee, and the staff will be retained.
"First Florida and DHSMV CU share like values, including a commitment to enriching the lives of the members we serve," said First Florida CEO Brent E Lister. "Partnering with a credit union whose focus and members composition is similar to ours makes sense for the future of our organization and enables us to provide additional convenience," added Lister.
First Florida previously reported assets that totaled over $308 million, with more than 44,000 members. After the merger, First Florida will have approximately $335 million in assets and 50,000 members.
