ORLANDO, Fla. – Fast-growing Fairwinds CU on Friday announced it plans to add another eight branches across Central Florida this year, on top of the seven it opened last year. The additional branches are budgeted to cost $25 million.
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Florida’s sixth-largest credit union has avoided the mortgage crunch that has hurt many credit unions in the Sunshine State and grew by 25% last year, to $1.7 billion in assets. Fairwinds reported $7.9 million in net income for 2007, down from $12.5 million in 2006.
The credit union now has 36 branches across a six-county region of Orange, Seminole, Osceola, Lake, Volusia and Brevard counties.
