Proudly serving Santa Rosa, Escambia, and Okaloosa Counties
in NW Florida since 1957.

Our History

Santa Rosa County Federal Credit Union was founded in 1957 with a mission to serve the dedicated educators of our community. Operating out of a modest office in the basement of the local courthouse, we started as a small teacher-focused credit union, committed to providing financial services with a personal touch. The foundation of our credit union has always been built on the principles of trust, community, and service.

Over the decades, we have grown alongside our community, expanding our reach and impact to anyone who lives, works, or worships in Santa Rosa, Escambia, or Okaloosa Counties. We now proudly operate five branches located in Milton, Pace, Gulf Breeze, and Jay, FL. As we’ve grown, our dedication to offering exceptional financial products, personalized service, and community support remains stronger than ever. From our humble beginnings to where we stand today, Santa Rosa County Federal Credit Union is committed to making a positive difference in the lives of our members and the communities we call home.

Our Vision

To be the primary financial institution for our existing members and to attract new members by offering expanded delivery channels and services.

Our Mission

SRCFCU is a financial cooperative owned and controlled by its members, whose mission is to provide expanding financial services at fair and favorable rates and terms to our members. 

Our Core Values

Exceptional Member Service  

Our members are our highest priority. We are committed to providing exceptional member service in each interaction with our members. 

Integrity 

We are committed to being honest, ethical, and accurate in everything that we do. 

Respect 

We are committed to treating every member, volunteer, and employee with respect. 

Financial Stability 

We are committed to the financial strength of our credit union and to providing a secure place for our members’ money.

Board of Directors

Members make up the Board of Directors, who manage and elect the officers to handle the business and operation of the credit union. Below are the members currently serving.

Paul O. Hinson - Chairman

DeVann Cook - Vice Chairman

Tony Gomillion - Secretary/Treasurer

Walter T. (Tim) Holt - Board Member

Rod Gracey - Board Member

Trey Emmons - Board Member

Brad Baker - Board Member

Frank Melvin - Director Emeritus

The Credit Union Difference

A credit union is a not-for-profit organization providing a range of financial services. There are over 4,500 credit unions in the United States with more than 140 million members. Credit unions are owned and controlled by the members and managed by a volunteer board of directors.

Membership is limited to groups of people having a common occupation or association. Their purpose is to promote thrift among the members and make credit readily available. With no stockholders, credit union profits are repaid to the members through higher savings rates, lower loan rates, lower fees, and free services.

Common Questions

  • Credit unions originated in the mid-19th century to provide affordable financial services, especially in rural and underserved areas. The first credit union was founded in 1849 in Germany by Friedrich Wilhelm Raiffeisen to help farmers access credit.

    The movement spread globally, and in 1909, the first U.S. credit union, St. Mary’s Cooperative Credit Association in Manchester, New Hampshire, was established to serve workers with limited banking access.

    Today, credit unions are a worldwide movement, offering low-cost financial services based on mutual support and community.

    For more details, visit the NCUA Historical Timeline.

  • Credit unions are owned by you, the members. Unlike traditional banks, which are owned by shareholders, credit unions operate as member-owned cooperatives. Each member of a credit union has voting rights, giving them an equal say in the governance and decisions of the credit union.

  • Yes. Your funds are insured up to at least $250,000 per individual depositor by the National Credit Union Administration (NCUA). The NCUA is an agency of the federal government that oversees and regulates credit unions.