GAINESVILLE, Fla.—The $850-million Radiant Credit Union here and $150-million First Coast Community Credit Union, based in Palatka, Fla., have announced plans to merge.
Customary membership and regulatory approvals are expected to be received by December, the CUs stated.
"This merger represents a significant milestone in our combined mission to help more of our members achieve financial success," said Tom Barnard, president and CEO of Radiant Credit Union. "By expanding our footprint and combining our resources, we can enhance the financial well-being of our overall membership while maintaining the personalized service and community commitment that define both organizations. We are thrilled to welcome First Coast Community Credit Union members and employees to the Radiant family."
"Our two credit unions share a common vision—putting our members first and fostering strong local connections," said Gretchen Lunsford, president and CEO of First Coast Community Credit Union. "This merger allows us to maintain the small-town, community-based credit union feel that our members love while benefiting from the additional resources and locations of Radiant. It’s truly a perfect fit."
Radiant made $4.9-million in net income in 2024. Net worth is 9.02%. First Coast made $1.4 million in net income last year. Net worth stands at 12.92%, according to Call report data.