Lizeth GeorgeOn Monday, December 9, the Florida Bureau of Collateral Management officially updated the Florida Public Deposits Program to implement legislative changes that will now formally allow credit unions to accept public funds.
This is the first time in Florida’s history that credit unions will be able to accept public funds and marks the first state in our four-state footprint to achieve public depository status. This victory would not have been possible without our members.
We are proud to stand alongside our credit unions throughout years of relentless effort, tireless dedication, and unwavering determination have culminated in an extraordinary and historic achievement.
Updated forms are available for download on the bureau’s website and if you need more information, please contact PublicDeposits@myfloridacfo.com.
