YOUNG HARRIS, Ga.–Members of Towns-Union Educators’ FCU have approved a merger with Peach State Federal Credit Union. A vote was held at the City of Young Harris Community Room during a Special Meeting of Members. The financial merger, which has been approved by the National Credit Union Administration, is effective August 1.
Towns-Union was chartered to serve the needs of the employees of the Towns County School System, Union County School System, Young Harris College, Towns County Government, and Union County Government. Their footprint encompasses the towns of Hiawassee, Young Harris, Blairsville, and Suches, Ga.
“Our decision to merge with Peach State was a strategic action to ensure a strong future for our credit union and our member-owners,” said Jennifer Marshall, CEO/Manager for Towns-Union. “With an enhanced suite of products and services, Peach State is better positioned to have a positive impact on the lives of our members and their families.”
Marshall Boutwell, President/CEO of Peach State, added, “This is an important time for our credit union,” he commented. “Peach State is growing rapidly with a goal of meeting the needs of credit union members throughout the entire Northeast Georgia and Southwestern South Carolina region. We look forward to welcoming Towns-Union and their members to the Peach State family.”
At right: Marshall Boutwell, President/CEO at Peach State; Jennifer Marshall, CEO/Manager at Towns-Union; Margaret Forrester, Chairman of the Board at Towns-Union; John Fair, Chief of Staff at Peach State