Additionally, the combined organization would have a workforce of 815 employees and 38 locations, serving more than 251,000 members across Central and North Florida and South Georgia.

Under the terms of the agreement, the combined credit union would continue to operate as Addition Financial under the leadership of current President/CEO Kevin Miller.

“This merger application submission is a crucial milestone in our journey to better serve our members and communities,” Miller said in a prepared statement. “By joining forces with Envision Credit Union, we are poised to make an even greater impact in the areas our credit unions have served for the greater part of the last century.”

Based in Lake Mary, Addition Financial was chartered in 1936. Envision, headquartered in Tallahassee, was chartered in 1954. Sharing similar histories, philosophies and values, both credit unions were created by small groups of educators seeking better financial options than those provided by banks.

“Submitting our merger application to the NCUA brings us one step closer to uniting our teams and building upon our legacies of service,” Envision President/CEO Darryl Worrell said in a prepared statement. “Bringing Envision Credit Union into another people-first organization like Addition Financial will enable us to expand access to services, broaden offerings of innovative products, and deliver personalized support to every current and future member.”

Worrell would remain on board as a strategic advisor following the merger. Addition Financial has committed to keeping all ECU locations open.

Peter Strozniak can be reached at [email protected].