Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Alive CU to buy two Space Coast CU branches
JACKSONVILLE, Fla. (8/2/12)--Alive CU, based in Jacksonville, Fla., has signed an agreement to purchase two Jacksonville branches of Space Coast CU, which is based in Melbourne.

The $112 million asset Alive CU's purchase is pending regulatory approval. The deal will increase Alive CU's number of total branches to 11 (Jacksonville Business Journal Aug. 1).

The $3.2 billion asset Space Coast CU operates about 24 branches, mostly in the coastal area of South Florida.  Last December it entered into an agreement with MidFlorida CU, Lakeland, which assumed six Space Coast's branches in Pinellas and Hillsborough Counties (News Now Dec. 13). At the time, Space Coast noted the credit union was evaluating how best to serve the Tampa area members.  In 2009, Space Coast acquired the ailing Eastern Financial Florida CU in Miramar.

Alive is the former Healthcare's Cooperative CU. Many of its branches are inside health care facilities. Its purchase is pending regulatory approval.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
12 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
13 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
13 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
14 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
15 hours ago