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Georgia United Credit Union and Etowah Valley FCU announce merger plans
DULUTH, GA (April 28, 2015) — The Board of Directors for Georgia United Credit Union (Georgia United), announced its plans to merge with Etowah Valley Federal Credit Union (Etowah Valley FCU), headquartered in Cartersville, Ga. The proposed merger will serve the citizens of the Bartow County communities and Etowah Valley FCU members will become Georgia United members subject to regulatory and membership approvals.
Etowah Valley Federal Credit Union Board Chair Lonnie Roberts shares, “Etowah Valley FCU Board of Directors had been exploring a partnership with another like-minded credit union for a number of reasons including the desire to expand product and service offerings to members and increased competition in the area. Georgia United was our choice due to their strong financial health and commitment to member service.
We are excited to be able offer greater resources to our membership through Georgia United’s expanded branch and ATM networks, mobile banking and mobile check deposit and a Member Care Call Center with bi-lingual support.”
Georgia United’s Board Chairman Tom Dickson agrees. “Strategic mergers between healthy credit unions have become more common in recent years. When smaller credit unions intentionally partner with a larger credit union, it benefits both organizations as the smaller credit union has immediate access to additional services and delivery channels and the larger credit union gains additional members who are interested in their services. Georgia United is looking forward to this partnership to expand our reach into Bartow County.”
The proposed merger would provide Bartow County communities with greater access to branch and ATM networks across the state. The merger, subject to credit union members’ and regulatory approvals, was approved by the boards of both credit unions and is expected to close on August 1. The credit unions would then merge and open as one on August 3. Upon completion of the merger, the two credit unions will move forward as one legal entity, operating under the name and charter of Georgia United Credit Union. Both credit unions have long histories of service in the Northern Atlanta areas.
About Etowah Valley FCU
Established in 1970, Etowah Valley Federal Credit Union was established to offer basic services and personal loans to local manufacturing companies. Through one main branch in Cartersville, GA they serve select employee groups including the City of Cartersville, Polk County School District and Gerdau, as well as other Bartow County communities. They currently serve approximately 3,000 members and hold $21 million in assets. For more information, please call 770.382.7373 or visit evfcu.com.
About Georgia United Credit Union
Established in 1958, Georgia United Credit Union is one of the largest and strongest member-owned credit unions in Georgia with over 130,000 members, 17 branches—of which are 5,000 shared branches— and over 100,000 surcharge-free ATMs nationwide. As a full-service financial institution committed to improving its members’ lives and local communities, Georgia United serves all State Agency employees, Board of Regents colleges and universities, employees of over 500 companies and 11 county school systems.
For more information, please call 770.476.6400 or visit georgiaunitedcu.org.