SAVANNAH, Ga.–Chatham FCU here has been absorbed via merger by MembersFirst Credit Union in Atlanta.
Chatham Federal began its life in 1957 as Candler Federal Credit Union and for the first 26 years of its existence, operated as a single sponsor credit union serving the employees and related family members of Candler Hospital. In order to expand, Candler Federal Credit Union gained a community charter on Chatham County in 2001 and renamed itself Chatham Federal Credit Union.
Chatham FCU cited the ability to offer more products to members, including a rewards program, among several reasons for the move.
“These are just a few of the improvements in products and services that our members will benefit from,” said Marcia Harrison, who was CEO of Chatham FCU and now serves as EVP of the Savannah Market for MembersFirst. “All of our current staff and locations will stay in place and continue to provide the excellent service you’ve come to expect.”
Following the merger the newly combined credit union has assets of more than $170 million and serves more than 27,000 members.
“This merger provides many economies of scale to make the credit union stronger and allows us to offer more competitive financial products and services,” said MembersFirst President and CEO Terry Hardy. “We have great plans for our members in Savannah including more branches and ATMs. We also plan to be more visible and involved in the greater Savannah community.”