Addition Financial Credit Union and Envision Credit Union Submit Merger Application to Regulators

​Addition Financial Credit Union and Envision Credit Union are pleased to announce they have submitted their merger application to the National Credit Union Administration (NCUA) and Florida’s Office of Financial Regulation (OFR). This marks a significant step forward in the planned merger of these two award-winning institutions, which aims to expand service to members across Central Florida, North Florida, and South Georgia.

Under the terms of the agreement, the combined credit union will continue to operate as Addition Financial Credit Union under the leadership of current President and CEO, Kevin Miller. Pending the approval by the NCUA and OFR, and an Envision Credit Union membership vote, the merger is expected to be finalized by the end of 2025.

Founded in 1937 and 1954 respectively, Addition Financial, based in Lake Mary, Florida, and Envision, based in Tallahassee, Florida, share 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 on our legacies of service,” said Darryl Worrell, President and CEO of Envision Credit Union. “Bringing Envision Credit Union into another people-first organization like Addition Financial will enable us to provide more access to services, broaden offerings of innovative products, and deliver personalized support to every member and future member.”

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

Both boards of directors and leadership teams unanimously support the merger. While Addition Financial and Envision will work in concert, the credit unions will remain separate entities until an anticipated approval vote by the Envision CU membership, later this year.

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