U.S. Rep. Maxwell Frost discusses pressing issues affecting credit unions
Congressman meets with Central Florida Credit Union leaders at Addition Financial Credit Union branch in Orlando
ORLANDO, FLA (January 9, 2024) — U.S. Representative Maxwell Frost recently convened with key leaders from several Central Florida credit unions for a vital discussion on numerous topics crucial to credit unions and the communities they serve. The meeting was organized by The League of Southeastern Credit Unions & Affiliates and hosted by Addition Financial Credit Union at their credit union branch on North Mills Avenue in Orlando.
Among the key issues addressed in the discussion were the funding levels for the Community Development Financial Institutions (CDFI) Fund, credit card interchange fees, affordable housing lending, small business lending, and the imperative of providing financial services to underserved communities. The meeting facilitated a meaningful exchange of ideas and perspectives of how potential legislation and federal funding decisions could benefit the Central Florida community financially.
“As not-for-profit institutions, credit unions exist solely to foster the financial well-being of the communities we serve, so issues that affect us impact our members as well,” said Kevin Miller, President and CEO of Addition Financial Credit Union. “We are grateful to Representative Frost for taking the time to discuss how legislation put forth in D.C. that concerns credit unions can ultimately make a real difference in the financial lives of members in our community.”
Representative Frost, who shared at the event he is a longstanding member of Addition Financial Credit Union, expressed his commitment to understanding the challenges faces by credit unions and ensured that their concerns will be heard at the federal level.
About Addition Financial Credit Union
Addition Financial Credit Union is a trusted banking and financial education partner that members of the Central Florida community rely on to help them along their financial journey. Founded in 1937, Addition Financial is a not-for-profit financial cooperative headquartered in Lake Mary, Florida with more than $2.9 billion in total assets. As a member-owned credit union, Addition Financial puts the financial well-being of its more than 179,000 members at the heart of everything it does. With 26 full-service branches, 10 student-run high school branches, and financial products designed to provide better saving and loan rates and lower fees, Addition Financial is constantly growing and evolving to meet the needs of its members. Addition Financial is the Official Financial Institution of the UCF Knights and owns the naming rights of the Addition Financial Arena on the University of Central Florida campus. Newsweek named Addition Financial as one of the “Best Credit Unions for 2024.” For more information, visit AdditionFi.com.
