Jacksonville, Fla.
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Officials with two Jacksonville, Fla.-based credit unions, Alive Credit Union ($173 million in assets, 13,749 members) and City & Police Federal Credit Union ($109 million in assets, 6,627 members), said Tuesday they plan to merge the credit unions to bring extensive experience and resources together for the benefit of the collective membership.
According to a statement released by both credit unions, City & Police will merge into Alive to provide "more opportunities for innovation and expansion, while retaining the same friendly faces and great service their members are accustomed to."
Alive Board Chair Camille Cossa said, "This is an exciting time for both credit unions. By joining together, we will strengthen our services to our members, and make a more visible impact on our communities."
In a joint statement, Alive President/CEO Rose Gunter and City & Police President/CEO Aaron Logue said, "It is an honor to serve our members and we look forward to continuing to deliver excellent member service through this merger. Our vision is to provide the services our members need so they can succeed financially while impacting our community in a positive way. This merger helps us fulfill our vision and secure our legacies."
According to Tuesday's statement, once the merger is complete, Logue will become president/CEO of Alive upon Gunter's retirement.
The merger is expected to be finalized later this year, pending regulatory and City & Police membership approval.
If approved, Alive will serve more than 20,000 members in the healthcare industry, City of Jacksonville employees, law enforcement and select retail employee groups.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
