LAKE MARY, Fla.–Additional Financial Credit Union is marking its 85th anniversary with a new addition: a charitable foundation.
The credit union said its Addition Financial Foundation, whose mission is “to foster empowerment in our community through financial education and charitable giving,” will focus heavily on supporting education-based initiatives and underserved communities.
“At Addition Financial, we believe in the power of giving back because it is the right thing to do,” said President/CEO Kevin Miller. “Although the credit union has an extensive record of charitable donations in Central Florida, we look forward to making an even greater impact through scholarships, financial education and other programs within our Foundation.”
Addition Financial was founded in 1937 by 23 educators as Orange County Teachers FCU.
“At that time, transactions were conducted at a desk placed under a stairwell at the Vocational School, with a maximum loan amount of just $200,” the CU reported.
AFCU opened its membership to the Osceola School District in 1978 before changing its name to Central Florida Educators’ FCU.
Today, Addition Financial’s field of membership includes 24 Florida counties, has $2.6-billion in assets and more than 162,000 members.