Mike Akers first stepped into the financial industry in 2003 and spent the next 16 years developing his knowledge and love for credit unions. He earned both an undergraduate and a Master’s degree from Florida Atlantic University in Boca Raton, and subsequently became a Community Development Certified Financial Counselor and a Credit Union Development Educator.
Throughout his career, Akers has proven himself to be an accomplished financial sales and marketing professional, an experienced strategist and a strong leader that inspires his team to strive for greatness.
In February 2019, he was named CEO of FLAG Credit Union. FLAG Credit Union is a not-for-profit financial cooperative that was chartered in 1960 to serve the employees of the Florida Department of Agriculture and Consumer Services (FDACS) and their families. While they have expanded their membership to allow others to join their credit union family, they continue to highlight their proud roots and ongoing dedication to the FDACS.
In his first year as CEO, the credit union saw membership grow more than double the national average for a credit union in their asset category, while increasing their net worth by 8.25% through expense reduction, renegotiating contracts and increasing income through loan growth and cash flow management.
After the state legalized hemp production, Akers worked to provide answers and options for farmers looking to take the proper steps forward. He spoke at the Hemp 850 Conference to educate 250+ attendees on how to develop a successful, legitimate relationship with a financial institution.
With that in mind, Akers said, “I see FLAG Credit Union taking all the right steps to serve members and potential members now and into the future – embracing both a high-tech and high-touch approach to service.”
The credit union serves a diverse population across the entire state of Florida and is continually committed to serving the underserved. FLAG CU has intensively focused on enhancing the infrastructure of their digital environment making it possible to bank with a small, local institution without sacrificing convenience.