TAMPA, Fla.--(BUSINESS WIRE)--Grow Financial, one of the leading Credit Unions in the nation announced today that its assets now exceed $2 billion. The Credit Union achieved this milestone due to its steady growth of more than 8.5% since 2012.
The foundation for this growth began in 1955 when the military personnel and civilian employees of MacDill Air Force decided to pool their resources to open MacDill Air Force Base Federal Credit Union. A broom closet in a base office building was cleared out to make room for the Credit Union’s very first location, which was open only during lunch hours.
Grow Financial Credit Union now serves more than 171,000 members and opened its 22nd location in Columbia, South Carolina last November. Grow Financial continues to expand as the Credit Union prepares to open five more stores in 2014.
“As we have continued to grow, we have been able to extend new services to our members through mobile, online and additional channels,” said Bob Fisher, President and CEO. "Going forward, we will continue to find more ways to bring the benefits of our Credit Union membership to more people,” Fisher said.
Grow Financial continues to remain an industry leader with innovative ideas and recognitions. Two years ago, the Credit Union moved away from a typical teller position to an open staffing concept at all of their stores. In 2013 they were the first financial institution in Florida to introduce an Interactive Teller Machine (ITM) and they have been recognized as a top workplace in Tampa for the past three years in a row, earning the top spot as the number one workplace in 2013 and 2014.
About Grow Financial
With 22 stores, and five more in development, Grow Financial Federal Credit Union is recognized as one of the leading Credit Unions in the nation with $2 billion in assets. Originally founded to provide a safe place to save and borrow money for the military and civilian personnel of MacDill Air Force Base, Grow Financial has since expanded membership to include employees of more than 1,100 businesses. Established in 1955, Grow Financial has its corporate headquarters in Tampa, Florida. For more information visit www.growfinancial.org.