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Tree Capital CU merges into Fla. State U CU
TALLAHASSEE, Fla. (10/4/11)--The National Credit Union Administration has approved the merger of $17 million asset Tree Capital CU, Perry, Fla., into Florida State University CU, with $95 million in assets, Tallahassee, Fla.
Click to view larger image Florida State University CU opened its sixth branch on Sept. 10 at 1412 W. Tennessee Street in Tallahassee, Fla. with a ribbon-cutting ceremony. (Photo provided by Florida State University CU)
The merger was effective Saturday. Tree Capital CU members approved the merger by a near unanimous vote on Sept. 26. Full integration of the two operations will take place in the next four to six months. Tree Capital CU will keep its name but become a division of Florida State University CU. Tree Capital staff will continue serving members at its branch in Perry, Fla. Kay Green, Tree Capital CU CEO, will become a member of the Florida State University CU senior management team. Two Tree Capital board members will continue service on a combined board of directors. Florida State University CU opened its sixth branch on Sept. 10 at 1412 W. Tennessee Street in Tallahassee.


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