LAWRENCEVILLE, Ga.–Peach State FCU is reporting that members of two separate credit unions—both of which are across the state line in South Carolina—have voted in favor of merging into the $831-million PSFCU.
Among those CUs is the $28.3-million Pickens FCU in Pickens, S.C.
Pickens Federal Credit Union was founded in 1961 as the Diehl-Poinsett Federal Credit Union and provided services to all Singer Company employees. In 2001 the credit union was approved for a community charter, expanding their field of membership to include service to anyone who lives, works, worships, or attends school in Pickens County, S.C. It also welcomed the teachers and employees of the School District of Pickens County into FOM in 2011, which Peach State said ties into its origins as an education-based credit union.
“Our board and staff are elated about the endless possibilities created for our members through this union with Peach State. We will continue to focus on serving the members in our community with the highest level of care, but now with even more products and support,” said Clayton Kerr, president/CEO of Pickens Federal.
Added Peach State President and CEO Marshall Boutwell, “We are excited to join forces with a like-minded credit union, one who’s board and management share a similar vision and has ties to the local education system. It is our hope that combining our resources will enhance the financial well-being of both the community and lives of those in Pickens County.”
Second CU to Merge In
The second credit union merging into Peach State is the $12.6-million Abbeville Community FCU in South Carolina.
Abbeville was founded in 1971 to serve the needs of local railroad employees and their immediate families in Abbeville, Greenwood, Anderson, and McCormick counties.
In January 2004, Abbeville was granted a community charter, and in July 2011 it became federally chartered. Its field of membership includes service to anyone who lives, works, worships, or attends school in Abbeville County, S.C., as well as any businesses.
“There is no better time than the present to bring about positive changes for our members,” said Trish Fuller, manager at Abbeville Community FCU. “Our focus remains on our members and understanding their needs. We’re excited about this merger as it will create more opportunities to expand services and deepen relationships for the communities we serve.”
Additional Details
CUToday.info has additional coverage here of the reasons members were given for the mergers as well as financial performance of the two CUs that were acquired.