Addition Financial Celebrates 85th Birthday and Launches Charitable Foundation
Lake Mary, Fla. (January 19, 2022) – To celebrate 85 years of service to the Central Florida community, Addition Financial has launched a charitable foundation. The 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. 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,” said Kevin Miller, Addition Financial’s President and CEO.
Addition Financial has undergone some changes over the past 85 years, but the credit union’s focus on education has never wavered.
On January 19, 1937, a group of 23 dedicated teachers established Orange County Teachers Federal Credit Union. At that time, transactions were conducted at a desk placed under a stairwell at the Vocational School, with a maximum loan rate of just $200. The credit union opened its membership to the Osceola School District in 1978, changing its name to Central Florida Educators’ Federal Credit Union.
Over the years, the credit union expanded to serve members across 24 counties, eventually changing its name to Addition Financial to reflect the diversity of its membership outside of the education community. The credit union has been recognized locally and within the industry for its community engagement efforts, and is consistently rated 5 stars by BauerFinancial for its strength and security.
“We are incredibly proud of all that Addition Financial has accomplished in the past 85 years. No matter what challenges our world has faced, we remain committed to serving our members, team members and community,” said Mary Lynn Williams, Board Chair.
About Addition Financial:Addition Financial 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 26 full-service branches and 10 high school branches, and is a part of the Presto! ATM network. Headquartered in Lake Mary, Fla., Addition Financial is a not-for-profit financial cooperative with more than $2 billion in total assets. With a legacy of 85 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. For more information, visit AdditionFi.com.