Back to our Roots
Dear Valued Members,
I would like to take a moment to share some exciting news on changes happening at your credit union. Financial Access FCU was created over sixty years ago with the primary mission to serve Tropicana employees. We eventually expanded to include other employment groups. As times change and peoples’ needs change, we too had to evolve. That evolution resulted in over a decade ago moving away from serving groups exclusively to serving the at-large community. We have had success being there to support the financial needs of all of our new and old members. We are very proud of our time serving the at-large community along with all of our old friends from Tropicana/PepsiCo. My time as your President/CEO has taught me that sometimes there can be value in looking back as you move forward. In that vein I would like to announce that NCUA has approved the credit union’s request to go back to its roots allowing us to once again serve employment groups as well as retaining the ability to serve parts of Manatee and now Sarasota Counties.
We have changed our charter from community to multiple common bond, requiring the credit union to remove Community from our name. Though we are excited to continue to serve our community, we eagerly look forward to once again being able to serve employment groups as well. Credit Unions have thrived for almost a century focusing on serving groups. We have had the good fortune to experience success serving employment groups and more recently serving the community. We are fortunate to have identified wonderful employment groups eager to join our family. Changes bring excitement and new opportunities.
As we seek to grow and provide our members with better products and services we felt our institution would be better served by not limiting our reach to simply Manatee County residents. With that being said I would like to proudly announce the credit union has had its new name approved by NCUA. As of December 1, 2020, we will be known as Financial Access Federal Credit Union. We are a mission-based institution and our name now reflects that mission. We are committed to providing our members with access to the best products and services in order to achieve their individual and collective financial goals. This is an exciting time and I would like to thank each and every one of you for your membership. You will still be able to invite your family, friends, and even some neighbors to join the credit union. In December you will also be able to invite your employer to become a part of our family. We look forward to getting through the remainder of 2020 with good health and look toward prosperity in 2021. Be on the lookout for more news on this exciting development in the coming days. As always thank you for trusting us with your financial services and stay safe.
Sherod A. Halliburton
Name Change FAQ
- What is our new name?
- What about the checks I have?
- Will my debit card still work?
- Why is the FAFCU changing its name?
- Will the change impact the products, services, staff, account numbers, routing number or locations?
- Will my checks, debit card, and credit card still work if they have the old FAFCU logo?
- What is the name history of our credit union?
- How did we arrive at that name idea?
- Did the members vote to approve the new name?
- What guidelines did you follow in creating the name?
- Will a name change inhibit our success?
- What will the new web address be?
- Has the CU been bought by another financial institution?
- Will my member number(s) change?
- Is the Credit Union financially stable and secure?
- Will your values and community involvement stay the same?
- Was the name change expensive?
- Will fees, loan rates and deposit rates be impacted by the name change?
- Will your phone numbers and email addresses stay the same?
- What if I use a Bill Pay service outside of FAFCU's Online Bill Pay service?
- Are my deposits still federally insured?
- When will the name change become official?
- Does this mean my loan will be sold?
- How are these changes going to impact me?
- Is there anything I need to do, because of the name change?
- What will the new logo look like?
- Do I need to change my direct deposit or automatic payments?
- When will the name change occur?
- Will I be able to access online banking?
- Will I need to download a new app for mobile banking?