TALLAHASSEE, Fla.– A Florida credit union will reach across the state line as part of a merger. Envision Credit Union here said it will absorb via merger Rose City FCU in Thomasville, Georgia.
The boards of both financial institutions voted to approve the potential merger last week. The two credit unions said they will now seek regulatory approval, as well as approval from the 7,600 members of RFCU.
“We are thrilled to be selected as a merger partner for Rose City Federal Credit Union,” said Darryl G. Worrell, president and CEO of the $458-million Envision. “Since 1959, Rose City has been dedicated to the Thomasville community and is committed to meeting the needs of their members. This philosophy is perfectly aligned with Envision’s, and I believe this merger will allow Rose City to continue to support their members and the Thomasville community.”
The $31-million RCFCU said it received multiple responses to its request for proposals, and Envision was selected as the merger partner after thorough reviews of all proposals by their board.
“Rose City Federal Credit Union’s top priority is providing the best service to our members, so we were very deliberate in our search for a potential merger partner,” said Lee W. Bryant, RCFCU’s chief executive officer. “We’re excited to begin moving forward through this process with Envision and we feel confident that they are as committed to the Thomasville community as we are. And we are eager to bring our members dynamic products, services and technology that is needed in today’s financial services marketplace.”
Should the merger be approved, all RCFCU staff will be retained, and both branch locations will remain open, the credit union said.