Suncoast Credit Union, the largest credit union in Florida and 10th largest in the U.S., is expanding its footprint into the Orlando market.
The $16.3 billion-asset company will open three branches — two in Orlando and one in nearby Kissimmee — later this year.
"Our ultimate goal is to reach and positively affect more members, and this expansion allows just that," Kevin Johnson, president and CEO of Suncoast, said in a press release Wednesday.
Based in Tampa, Suncoast said its expansion to Orlando is part of the credit union's longer term growth plan to "provide financial wellness to the greater community."
In 2021, Suncoast Credit Union's field of membership was expanded to include public school teachers, college educators and educational support staff from all of Florida's 67 counties.
The credit union currently serves more than 1 million members through 75 branches and has more than 2,300 employees.
In addition to the three physical locations, Suncoast will offer its entire array of products and services, along with its entire ATM network, small business assistance and investment planning.
Suncoast earned $150 million in 2022, a 13% decrease compared with a year earlier, according to call report data from the National Credit Union Administration.
