In August, our membership voted for the merger with MIDFLORIDA Credit Union with 84 percent of the votes cast being in favor of the merger.
Beginning September 1, we officially became a part of MIDFLORIDA and began operating as a division of MIDFLORIDA. However, the account conversion will not take place until either late 2012 or early 2013. Until then, IRFCU members should continue to bank at the Vero Beach and Sebastian offices.
Following account conversion, all IRFCU members will have access to MIDFLORIDA’s branch network and products and services.
MIDFLORIDA is known for its high-tech, high-touch philosophy, its extended operating hours (7 am to 7 pm drive-thru hours and Saturday hours), low-rate loans and affordable products and services. While we have a lot to look forward to, we’re already starting to see some positive changes:
• Elimination of the 25 cent debit card transaction fee
• New Car Loans (60-months) with rates as low as 1.99% APR*
• Free & Clear Ten-Year Fixed Mortgages with rates as low as 2.99% APR*
As we progress towards account conversion, you will receive additional correspondence; however, the single most important detail to remember is that you won’t have to do anything to convert your account. It’s MIDFLORIDA’s goal to make this a seamless experience for you!
For updates on the merger or questions and answers about the conversion, you can click on the button located on http://www.irfcu.com/ or type this address into your browser: www.midflorida.com/IndianRiver and go directly to the Q&A page.
A little about MIDFLORIDA:
MIDFLORIDA currently exceeds $1.8 billion in assets, serving approximately 190,000 members with a branch network of 38 branches spanning coast to coast. MIDFLORIDA Credit Union is open for membership to anyone who lives, works or attends school in 15 Central Florida Counties – now including Indian River County.
So if you have a friend or relative, tell them they can join too!
*Offer valid beginning August 27, 2012. Credit approval required. Limited time offer which may be cancelled without notice. Valid only to existing IRFCU members. Offer does not apply to existing IRFCU loans. Advertised Annual Percentage Rates (APR) may vary depending on credit and term. Other rates and terms available. The 1.99% APR is available for 60-month new vehicle (2011- 2012 untitled vehicles) loans. A 60-month new vehicle loan of $20,000 at a rate of 1.79% would h ave payments of $348.72. The 2.99% APR is available on a 10-year fixed- rate mortgage for loan amounts less than or equal to $417,000 and valid only in conjunction with receiving a MIDFLORIDA Visa Platinum credit card. Payment example: A 10-year mortgage for $127,500 with 15% down with an APR of 2.99% will have payments of $1,207.75. Offer available for primary and secondary homes only. Indian River Federal Credit Union is a division of MIDFLORIDA Credit Union.
MIDFLORIDA is an equal housing lender.