LAWRENCEVILLE, Ga.–– Peach State Credit Union celebrated reaching $500 million in assets during its 57th Annual Meeting. Established by Gwinnett County Public School teachers and staff, the credit union has grown significantly since its founding in 1961.
In 2018, the credit union expanded further into the North Georgia and Southwestern South Carolina areas through mergers with Southeast FCU, Lakelands FCU, Stephens-Franklin Teachers FCU and Towns Union Educators FCU. Peach State also acquired a DOCO branch and assets in the Toccoa area after they decided to leave the market.
“I am proud of our team who has gone above and beyond to serve all of these new members and welcome them to the Peach State family,” said Chairman Rick Davis.
Added Peach State President/CEO Marshall Boutwell, “We are committed to a long-term strategic plan for growth, which includes serving underserved areas throughout North Georgia and Southwest South Carolina. Reaching the milestone of $500 million in assets is the result of this strategy. We are looking forward to the future with the purpose of providing quality financial services to those who may not currently have access to them. At Peach State we believe that a strong financial institution fully and effectively invested in their communities result in better outcomes for our members over time.”
The $516-million CU has approximately 60,000 members.