ROME, Ga.–The $178-million Coosa Valley Credit Union here said it will absorb via a merger the $75-million Northwest Georgia Credit Union.
“Both Coosa Valley credit union and Northwest Georgia credit union share similar philosophies and operating procedures, as well as providing excellent service to their members,” the credit unions said in a statement. “Members will enjoy higher dividends on their deposits, lower interest rates on loans, and pay lower fees. By combining resources these member-owned cooperatives will enjoy greater efficiencies.”
After the merger there will be seven branch locations and a new location planned to open early 2017 in Cartersville, Ga. In addition, there are numerous surcharge free ATMs throughout the Coosa Valley region.
The consolidated credit union will have 38,000 members and will operate under the name and charter of Coosa Valley Credit Union. Andy F. Harris, president/CEO of Coosa Valley Credit Union, will be the president/CEO of the consolidated credit union.