DULUTH, Ga.—The $1-billion Georgia United Credit Union said it will absorb via merger Cartersville-based Etowah Valley FCU.
The $21-million Etowah Valley has approximately 3,000 members.
“Etowah Valley FCU’s board of directors had been exploring a partnership with another like-minded credit union for a number of reasons, including the desire to expand product and service offerings to members and increased competition in the area,” said Etowah Valley FCU Chair Lonnie Roberts in a statement. “Georgia United was our choice due to their strong financial health and commitment to member service. We are excited to be able offer greater resources to our membership through Georgia United’s expanded branch and ATM networks, mobile banking and mobile check deposit and a member care call center with bilingual support.”
The merger, subject to credit union members’ and regulatory approvals, was approved by the boards of both credit unions and is expected to close Aug. 1. Both credit unions would merge and open as one Aug. 3.