Florida credit unions gain members

Florida credit unions added 48,000 new members in the second quarter and ended with $45.3 billion in assets, the Tampa Bay Times reports.

In total, the state?s credit unions have 4.6 million members statewide. The League of Southeastern Credit Unions said the growth is evidence of continued backlash against banking fees.

However, the credit unions still pale in comparison to Florida?s banks, which boast more than $400 billion in deposits, according to 2011 data from the Federal Deposit Insurance Corp., the Times reports.

Northeast Florida credit unions are growing at a record-setting pace. Credit unions headquarterd in Jacksonville added 7,580 new members from the end of the fourth quarter 2011 to the end of the first quarter 2012, said Mike Bridges, vice presicent of marketing and communications for the League of Southeastern Credit Unions.

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