Established in 1935, 121 Financial (formerly Florida Telco) offers a full range of financial services for life. We are proud of the high level of service our members enjoy. Banking focused on you.
Founded in 2007 by Michael Butler, the I Love Music Foundation was created to fill a large void. With more than 9 years of working closely with high school programs as the Executive Director of the Teal Sound Drum & Bugle Corps of Jacksonville, FL, Butler has seen firsthand how budget cuts and lack of awareness of the many benefits of school music programs has dwindled the size of most music programs.
The I Love Music Foundation is partnering with our school systems in an effort to promote the positive values and importance of music education in our schools. The foundation will provide opportunities for band directors to discover new techniques for marketing their programs to potential students and the community; ultimately increasing the size of their programs. We will also provide a comprehensive fundraising system that will allow the music program to become self-reliant. The foundation has developed a plan to help middle school directors recruit elementary students and help high school directors retain middle school students.
Two major events: “Try an Instrument Day” and The I Love Music Tour” will be hosted by the foundation and sponsored in part by 121 Financial. Try an Instrument Day is a wonderful way to plant the seed of musical interest in a young elementary school student. The students will be able to try a large variety of instruments, meet older middle school students and find a music teacher.
The I Love Music Tour is a free concert that will be held at the Jacksonville Landing. The concert will feature up-and-coming national recording artists and performances by local high school band students in between the recording artists’ shows. The purpose of an I Love Music event is to promote the importance and benefits of music education.
Impact or benefit to students:
The I Love Music Foundation and Our School Systems partnership has three objectives for 2013:
Raise $100,000 for area school music programs
Increase the number of students entering middle and high school programs by 10%
Increase the overall awareness of the benefits and needs of our school music programs
121 Financial is proud to be a part of this partnership that will impact thousands of students throughout the entire first coast area. Watch our website and social media pages for more information on events. You can visit the foundation's webpage at www.ilovemusictour.com.
By choosing a credit union over a commercial bank, you are choosing community and individualized attention over being just another face in the crowd. 121 Financial Credit Union has specialized in helping members meet individual financial goals for over 75 years. Check out these links to learn more about finding financial success.
The National Credit Union Administration has been helping credit unions help Americans since 1970. On this page, you can read their account of the history of credit unions.
Being first priority is always appealing in a business relationship. U.S. News & World Report discusses this and six other reasons why credit unions are better than banks.
If you will soon be retiring, consider these tips from Investopedia.com on how to avoid running out of money.
Your business at 121 Financial Credit Union will be rewarded with excellent customer service and assistance for your financial success. Call us at (904) 638-8026 to learn more about our personal banking, retirement, and loan services.
For centuries, credit unions have been community institutions where members can feel confident storing their money. Because credit unions are not-for-profit organizations, their only obligation is serving you, the customer. The concept of the credit union has humble beginnings in food sharing, but the American system has blossomed into a well-capitalized economic force with billions of dollars in secure assets.
Philosophy and Origins
Financial cooperatives date back to early 19th century England. However, the first credit unions began in Germany, where Herman Schulze-Delitzsch and Friedrich Raiffeisen sought credit and economic voice for farmers and other working class citizens. By 1900, the credit union had come to the Americas.
Rise of the American Credit Union
The credit union concept quickly caught on in the United States. The success of the first credit unions inspired President Franklin Delano Roosevelt to sign the Federal Credit Union Act into law in 1934, which created national oversight for federal credit unions. In 1970, the National Credit Union Administration (NCUA) became an independent federal agency and Congress designated a fund to protect credit union deposits, known as the National Credit Union Share Insurance Fund (NCUSIF). These favorable conditions opened the door for a boom that saw credit union customers double between 1970 and 1980.
American Credit Unions Today
Federally insured credit unions injected capital into the NCUSIF in the mid-1980s, which helped refortify credit unions for the 1990s. After the mortgage crisis of 2008, the NCUA, U.S. Treasury Department, and Congress created the Credit Union Stabilization Fund, allowing credit unions to pay back their losses over time. This swift, effective response to fiscal challenge allowed today’s credit unions to remain secure. Modern credit unions now help record numbers of Americans reach their financial goals.
121 Financial Credit Union is NCUA-insured, making us a perfect choice for building your financial future in Jacksonville, FL. Call us at (904) 638-8026 and let us help you reach your financial goals in a community-based setting where your voice matters. You can also visit us online to learn more about our commitment to our members.
Jacksonville, Fla.; January 23, 2013 – 121 Financial Credit Union will hold its grand opening ribbon cutting ceremony January 30 at 10:00 a.m. for its newly relocated Orange Park branch at 6072 Youngerman Circle, on the south side of I-295 off of Blanding Boulevard.
The new location, which is one mile south of its old commercial strip center location at 6000-1 Lake Gray Boulevard, offers full banking services, including three drive-through lanes, a 24-hour drive-up ATM and safe deposit boxes.
The new facility will have approximately 3,757 square feet, which is 500 feet larger than the older location. Renovations to the building were done by Metro Property Services.
“The event will feature food, giveaways and a ribbon cutting ceremony by 121 Financial’s Board Members and other VIPs” said Eric Byrd, 121 Financial’s Orange Park branch manager. “We want to use this opportunity for the public to visit our facilities and see the newest conveniences we offer our members.”
121 Financial Credit Union offers full banking and loan services to any individual and small businesses located throughout Northeast Florida. Established in 1935, 121 Financial Credit Union has over 36,000 members. Deposits are federally insured by NCUA. For more information, visit www.121fcu.org.
Good morning. Yesterday I visited your branch location at Youngerman Circle to receive a cashier's check through CU Swirl (Credit Union Shared Services). There, I was assisted by one of your employees, Megan. I would like to take the opportunity to thank her for her professional, calm, and committed service as we tried to send several faxes...
You know the drill: super selection with miniature rates!
Mark your calendar now and join us at the Touchton location Saturday, June 8th from 8 am to 4 pm. Rates will start as low as 1.89% APR up to 60 months, and 2.64% APR up to 72 months on models 2007 and newer from Tom Bush Autoplex. We'll have lunch and snacks to help make your car-buying experience easy! Watch for details and how to apply for approval prior to the sale. www.121fcu.org/carsale
