CORNELIA, Ga.––The 3,500 members of the $30-million North Main Credit Union have voted in favor of merging into the $2-billion Georgia United CU, which is headquartered in Duluth, Ga.
North Main Credit Union reported a loss of $167,854, with capital of 14.78% as of Q1.
According to the credit unions, NMCU will continue to utilize its current products and services, including its sole branch location with an integrated team, and effective Oct. 2 the two credit unions will officially become one and open their doors as Georgia United Credit Union once the data systems conversion is completed.
“With my upcoming retirement, the timing of this merger was necessary to continue to effectively serve our members without disruption,” said North Main CEO Melany Ward. “Our members will soon enjoy the innovative and expanded product and services that Georgia United offers. Together we continue to make an impact in our community. It was important to me to ensure our members were going to be well taken of.”
Georgia United said that with the merger North Main Credit Union members have access to 12 additional branch locations, more products and services, increased access and convenience, and more benefits to their members through enhanced technology, “while keeping some of the products they have grown to love.”
All employees of North Main will be employed by Georgia United.
‘A Lot of Enthusiasm’
“We are excited to welcome these new communities and the employees of Fieldale Farms Corporation and the Johnson and Johnson company, Ethicon, Inc. We have received a lot of enthusiasm from North Main members over the past couple of months. We are committed to continuing to provide them exceptional service while enhancing their access to financial resources,” said Debbie Smith, Georgia United CEO. “With our closely aligned values and culture, this merger is a great fit for both our credit unions and the surrounding communities.”
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