In the summer of 2024, Florida Rural Electric Credit Union (FRECU) legally merged with Calhoun Liberty Credit Union (CLCU) to create a more robust cooperative that benefits the membership of both credit unions.
As the final step in that process, FRECU Members officially transitioned to CLCU systems during a scheduled system upgrade on May 31, 2025. This combination streamlined services, enhanced digital capabilities, and created a more unified experience for everyone.
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Last Updated: June 23, 2025
The leadership of FRECU and CLCU understood that merging would bring significant benefits to our Members and communities. By combining resources, we can now offer increased stability and more financial products and services. We continue to maintain the best of both credit unions, while creating something even better.
As of summer 2025, the combined credit union has assets of assets of roughly $165 million, with a size that allows for more robust services.
FRECU employees remain at the merged credit union.
Members have access to a broader range of products, and increased access to cash with more physical locations.
As a unique Member benefit, CLCU offers Excess Share Insurance (ESI) beyond standard NCUA limits.
Both credit unions have a deep commitment to serving their communities and continue to do so.
Florida Rural Electric Credit Union (FRECU) and Calhoun Liberty Credit Union (CLCU) legally merged in 2024. This was a unique opportunity for both credit unions to expand offerings and service footprints, improve financial strength, and create new opportunities for all Members.
The merger had minimal impact. Existing accounts at FRECU were transferred to CLCU systems with the same balances and ownership, and in some instances had a “77000” added to the beginning of the account number. Transactions continue to clear using your current account numbers, checks, and cards.
Yes, all deposits in the merged credit union continue to be federally insured by the National Credit Union Administration (NCUA). This ensures that your money is safe and protected.
In addition, CLCU offers Excess Share Insurance (ESI). This enhanced and unique coverage insures deposits up to an additional $250,000 on top of standard NCUA coverage limits. This means your CLCU deposits may be insured for a total of up to $500,000 at no cost to you, as yet another benefit of your credit union membership.
With the merger, you now have greater access to products and services, especially in digital Online & Mobile Banking channels which allow you to bank with us where and when convenient for you. You also have access to more branch locations and a broader network of ATMs to choose from.
Employees of FRECU continue to work for the merged credit union. They are excited about the opportunities this merger brings and are committed to ensuring a smooth service transition. The same team of familiar faces are there to assist you with financial needs and to introduce new services and benefits that came with the CLCU merger.
CLCU is a member-owned financial cooperative dedicated to the belief that financial services should put people first. With a legacy footprint serving the residents, workers, students, and business owners of Calhoun, Franklin, Gulf, Gadsden, Jackson, and Liberty Counties in Florida, and a newly expanded service area which includes the valued Members, employees, and customers of rural electric cooperatives across our great State, we are collectively committed to fostering a sense of community and providing personalized financial solutions no matter where your financial journey takes you.
With nearly 10,000 Members post-merger, CLCU aims to make a positive impact through a wide range of financial products and services, from personal and business deposit accounts to a variety of loans and robust online banking solutions. Our cooperative spirit is reflected in a dedication to serving people, and not just processing transactions. As part of our commitment to convenience, we are also part of a network that provides Members with access to thousands of ATM’s nationwide. Our vision is simple: to be a trusted financial partner that truly cares about the people we serve.
No, our Tallahassee and Keystone Heights locations remain open and ready to serve you.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.
We provide links to third-party websites, independent from Calhoun Liberty Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Calhoun Liberty Credit Union. Click “Continue” to proceed or click “Return to Site” to stay on this site.