CFE FCU Joins Billion Dollar Club

ORLANDO, Fla. – Add CFE FCU’s name to the roster of $1 billion CUs. The credit union reached the milestone in the last quarter of 2005, capping what it said was a year of substantial loan growth and several prestigious recognitions among which was being named the Best Credit Union in Central Florida by the Orlando Business Journal’s Readers’ Choice Awards. In addition, CFE FCU was named as one of Orlando’s Top 100 Companies for Working Families by the Orlando Sentinel; two new branches were opened bringing the total network to 12 branches plus the Member Service Center; and the CU expanded its deployment of off-site ATMs. CFE FCU President/CEO Joseph Melbourne said, “We have been looking forward to achieving this goal and are grateful for our success. More importantly, we appreciate our member-owners. It is our privilege to provide quality financial products, with the highest caliber of care and service, to help them reach their goals in life.” In early 2005, Melbourne was selected as Professional of the Year by NAFCU. During his eight years as CEO, CFE’s asset size has nearly tripled from $373 million to $1.02 billion. Melbourne joined CFU in 1994 and served as vice president of operations before being named president/CEO. CFE FCU has more than 110,000 members. Its field of membership includes Orange County and Osceola County public and private school employees, teachers, students and family members; local organizations; other select groups and family members, and select underserved communities.