USF Federal Credit Union (USF FCU) opened in Odessa.
“The Odessa/Land O’ Lakes/Lutz region is growing by leaps and bounds,” said Bill Steiger, director of brand strategy and marketing communications for USF FCU.
“We thought it was a perfect place to open a branch and enter this market.”
USF FCU was founded in 1959 by 16 members, with total assets of just $505. Today, the credit union has over 67,000 members and over $1 billion in assets. Besides Odessa, USF FCU has branches in Tampa, New Tampa, St. Petersburg, Sarasota, and Orlando.
Steiger says credit unions like USF FCU offer everything a typical bank would offer, such as mortgages, loans and savings accounts.
“You name it, and we probably offer it,” Steiger says.
According to Steiger, the main difference between banks and credit unions is that banks are for-profit institutions while credit unions are non-profit.
“USF FCU is a member-owned and controlled financial cooperative,” Steiger explains.
One of the primary ways USF FCU helps serve its members is through its digital banking program.
“We stay on the cutting edge of that,” Steiger says.
Some of the key features of the Credit Union‘s digital banking program are transferring money to/from internal and external accounts, paying bills with your checking account, viewing electronic statements, creating budgets, and even more.
USF FCU can also do new mortgages for people looking for a home. And with the housing market being a hot commodity right now, the credit union says it’s here to help.
“Some people spend half their income on rent. The only way to escape it is to find and buy a house and have a fixed mortgage. Your mortgage payment will not change, but your rent payment will,” Steiger says.
Another way USF FCU helps its members is by providing financial education and wellness, and making sure they stay up-to-date on all things finance.
The credit union does this with blog posts on its website on topics such as the difference between short- and long-term auto loans, ways to save for college, and solving bad money habits.
For more information, visit USFFCU.org.