Addition Financial Expands to Brevard County
Lake Mary, Fla. (August 26, 2019) – Addition Financial will multiply its branches this year, with its newest expansion taking place in Brevard County. The credit union, which announced its intent to acquire Fidelity Bank of Florida in January, will move into its newest branch in Merritt Island this fall when the merger is complete.
“We are pleased to welcome Fidelity’s customers to the Addition Financial family. Fidelity has demonstrated longstanding excellence in its business lending and the service it provides to the community, and we look forward to this opportunity to join forces and positively impact Brevard County,” said Kevin Miller, President and CEO of Addition Financial.
Fidelity, which is based in Merritt Island and specializes in business lending, also operates a second branch in Longwood. The legal merger will take place on August 31, and will not only strengthen Addition Financial’s business lending activities, but will also give Fidelity customers access to more branches throughout Central Florida and provide them with additional consumer products and services.
After October 5, Addition Financial members will be able to utilize the Merritt Island branch, which will receive a fresh new look and an ATM for members’ convenience. Fidelity’s Longwood branch will be closed for renovation until November 1. When the work is completed, the branch will have a modern layout including member-friendly teller pods and an ATM. Addition Financial’s Longwood branch, also located on State Road 434, will be relocated to the renovated branch.
With the merger, Fidelity customers will have access to a full suite of convenient products and services, including mobile banking, rewards credit cards, a 24/7 contact center and more.
About Addition Financial:
Addition Financial (formerly CFE Federal Credit Union) believes in the power of transforming lives by bringing financial success and education to everyone. With a robust suite of financial services designed to meet members’ needs, the credit union serves more than 155,000 members at 23 full-service branches, nine high school branches, and more than 40 ATMs. Headquartered in Lake Mary, Fla., Addition Financial is a not-for-profit financial cooperative with more than $1.86 billion in total assets. With a legacy of more than 80 years of serving educators and supporting education, Addition Financial is the Official Financial Institution of the UCF Knights and owns the naming rights to the Addition Financial Arena on the University of Central Florida campus. Addition Financial is also the Preferred Credit Union for Seminole State College and the Preferred Credit Union for Valencia College.
About Fidelity Bank – Fidelity Bank originated in 1990 and has approximately $174 million in assets, 34 employees and 2 locations in Central Florida.