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 believes in the power of transforming lives by bringing financial success and education to everyone. With a robust suite of financial services designed to meet members’ needs, the credit union serves more than 170,000 members at 26 full-service branches and 10 high school branches and is a part of the Presto! ATM network. Headquartered in Lake Mary, Fla., Addition Financial is a not-for-profit financial cooperative with more than $2.8 billion in total assets. With a legacy of more than 85 years of serving educators and supporting education, Addition Financial is the Official Financial Institution of the UCF Knights and owns the naming rights to the Addition Financial Arena on the University of Central Florida campus. Addition Financial is also the Preferred Credit Union for Seminole State College and the Preferred Credit Union for Valencia College. For more information, visit AdditionFi.com.