Purchase brings to 32 number of branches in Houston area for $2 billion Lake Jackson, Texas, credit union.
George R. Davis, president/CEO of Insight Credit Union, announced that the Orlando, Fla.-based credit union has received approval from the state of Florida for its request to expand the credit union’s field of membership to include the counties of Levy, Dixie, Taylor, Gilchrist, Columbia and Suwanee in West Central Florida.
The spate of Southeast bank failures is providing some extra bargains for credit unions that are able to acquire abandoned bank branches and other property.
Good deals for branches, land and more are there for the waiting as banks fail, the incoming chairman of the Georgia Credit Union Affiliates said.
Orlando credit union bidding on Ocala-area branches of failed bank, wins expansion into six west-central counties.