Peach State, Pinnacle join forces in latest credit union tie up
The merger will create a $1 billion-asset organization serving nearly 78,000 members.
Two Georgia-based credit unions are the latest to consummate a merger.
The $935 million-asset Peach State Federal Credit Union and the $88 million-asset Pinnacle Credit Union will merge effective Sept. 1.
Members of the two organizations met at special meetings Aug. 15 and approved the transaction.
“Rest assured that you will continue to receive the same level of service and care from the familiar faces you see today at the Ben Mays, Glenwood and Putnam branches,” said Marshall Boutwell, president and CEO of Peach State FCU in a statement on the Lawrenceville-based institution’s website.
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