Addition Financial is growing
to better serve you!
We’re planning to merge Envision CU into Addition Financial in October 2025
Two Credit Unions with a Shared History and Vision
As previously announced in December 2024, Addition Financial is pursuing the opportunity to merge Envision Credit Union into our organization, whereby Addition Financial would be the surviving credit union. If the merger opportunity is approved, the merged Envision Credit Union membership would benefit from access to additional branches, products and services, and banking resources. This strategic merger will support our mission of being a trusted partner that puts the financial well-being of our members, team members and communities at the heart of everything we do.
I’m excited to share that the proposed merger has received regulatory approval from the National Credit Union Administration, the Florida Office of Financial Regulation and the Georgia Department of Banking and Finance. The members of Envision Credit Union will vote on September 12, 2025, on the proposed merger. If approved, we expect the merger to take effect on October 1, 2025. At that time, Addition Financial will hold nearly $4 billion in assets and serve more than 248,000 members across 38 branches in two states.
With this merger I truly believe that we will be adding strength and capability to your credit union, building a brighter tomorrow for our membership and helping our local communities thrive. It is an exciting time, and I thank you for being a valued member of Addition Financial.
Kevin S. Miller
Thank you,
Kevin S. Miller
President/CEO, Addition Financial
Who is Envision CU?
We share a similar history and philosophy with Envision CU. They were originally founded in 1954 as a financial cooperative serving public educators in Leon County, Florida. Headquartered in Tallahassee, Envision currently serves over 63,000 members, across 19 counties in Florida and Georgia. I am pleased to say that all the employees of Envision CU, who will join the Addition Financial family, are just as passionate as we are about delivering exceptional member service and investing in the financial well-being of community residents.
What Will Be the Benefits for Addition Financial Members?
- Through this merger, we’ll extend our branch service territory with locations in North Florida and South Georgia.
- With our combined strength and expertise, we will be able to expand the scope and reach of our financial education programs benefiting both our membership and service communities.
- We will expand our philanthropic capability through joined scholarship and community giving programs designed to make a difference in the lives of local youth and support organizations.
What Happens Next?
As an Addition Financial member, you will continue to receive the same best-in-class banking experience that you have come to expect and deserve. In fact, for the second straight year, Newsweek has recognized Addition Financial as one of America’s Best Regional Credit Unions.
Addition Financial Credit Union and Envision Credit Union Submit Merger Application to Regulators
LAKE MARY and TALLAHASSEE, Fla (March 25, 2025) – 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.
Video Announcement with Kevin Miller & Darryl Worrell
Kevin Miller, President and CEO of Addition Financial Credit Union, and Darryl Worrell, President and CEO of Envision Credit Union, announce plans to merge Envision Credit Union into Addition Financial Credit Union. Learn more about this exciting announcement.
Credit Union Merger Match Game with Kevin Miller & Darryl Worrell
See just how perfectly aligned Addition Financial and Envision are with the shared values of our two organizations and the bright future this merger represents.