Florida And Alabama CU Leagues Merge

Published March 05, 2009, 10:15 p.m. EST

Updated August 27, 2020, 12:47 a.m. EDT

1 Min Read

BIRMINGHAM, Ala. and TALLAHASSEE, Fla. – Credit unions affiliated with the Alabama and Florida credit union leagues have voted in favor of merging the two to create the League of Southeastern Credit Unions.

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Combined, the entity will represent 332 credit unions with total assets of $55 billion.

The plan now is to have each league board chairman become a member of the new board and to select seven directors from Alabama and Florida each to serve on the new board. The 16-member board will then elect a chairman from amongst them.

In addition, the newly created board will begin a search for the LSCU’s new CEO, immediately, as both Florida CUL CEO Guy Hood and Alabama CUL CEO Gary Wolter are planning to retire.

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