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News Now

CU System
Sarasota Coast members back a merger
SARASOTA, Fla. (10/30/09)--Members of Sarasota (Fla.) Coastal CU voted Sunday during a special member meeting to merge with Achieva CU, Largo, Fla., on Monday. More than 86% of members voted in favor of the merger. The resulting credit union will have more than $800 million in assets and more than 90,000 members in seven counties--Pinellas, Pasco, Hernando, Hillsborough, Manatec, Sarasota and Charlotte (Herald Tribune Oct. 28). The contributed strengths of Achieva and Sarasota Coastal will provide even greater benefits to members, Gary Regoli, Achieva president/CEO, told the newspaper. The credit unions’ operations will begin merging early next year, with completion expected by the third quarter. Achieva and Sarasota Coastal have been discussing a merger since April. The two signed a letter of intent to merge July 31.
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