Railroad & Industrial Federal Credit Union in Tampa, Fla., said Monday it has exceeded $300 million in assets.
The credit union previously crossed the $150 million-asset mark in 2005. Railroad & Industrial has 31,000 members and eight offices across central Florida.
"When I began my career here, we had four offices and one month after I started, we broke the $150 million mark," said Pete Giorgianni, Railroad & Industrial president and chief executive, in the release. "I have seen many changes and accomplishments through the years, but most recently having come through the recession without layoffs or branch closures makes me truly proud to serve our membership and company groups in a safe and sound fashion."
Giorgianni also said that the larger asset size will be reflected in "economies of scale" that will allow the credit union to improve its service to members.
