MIDFLORIDA began in 1954 as Polk County Teachers Credit Union. The Polk County School Superintendent told a young history teacher, Rebecca Keith, that Polk County teachers needed a credit union and asked if she would manage the credit union as its first Treasurer. Mrs. Keith went about setting all the appropriate paperwork in line and began accepting deposits, which she was known to keep in a shoebox at her home.
Polk County Teachers Credit Union began with only 10 charter members but ended the first year with 273 members and about $7,000 on deposit.
In 1957, the credit union expanded its charter to serve the employees and volunteers of the Highlands County School Board and, in 1963, the first professional office of MIDFLORIDA opened.
In the late 70s, the credit union underwent a name change to become MIDFLORIDA Schools Federal Credit Union. The credit union continued to grow and prosper and, in 1997, the credit union applied for and received permission to expand its charter to include the communities of Polk and Highlands counties. This change represented a turning point for MIDFLORIDA since anyone who lived, worked, worshipped or attended school in Polk or Highlands County could join. That same year, MIDFLORIDA Schools Federal Credit Union became MIDFLORIDA Federal Credit Union.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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