Georgia’s Own Credit Union announces merger proposal
Atlanta-based institution intends to merge with United 1st Credit Union
ATLANTA, GA (February 2, 2022) — Georgia’s Own Credit Union, recognized as the third-largest credit union in Georgia, announced it will submit a proposal to merge with United 1st Credit Union.
United 1st Credit Union is headquartered out of Kingsland, Ga. and was founded in 1943 to serve the employees of the Kraft Bag Plant. It has since grown to include numerous city and county government groups, as well as many companies, organizations and geographic areas in Southeast Georgia. It currently boasts an asset size of $243 million and serves approximately 26,000 members from six branches.
“It would be an honor to welcome the members and employees of United 1st to the Georgia’s Own family,” said Georgia’s Own president and CEO, Dave Preter. “United 1st Credit Union has a long history of putting their members first and have become an integral part of their community through providing top of the line financial services and meaningful outreach.”
Georgia’s Own plans to retain all employees from United 1st Credit Union. If approved, the transactions would increase Georgia’s Own’s total assets to over $3.6 billion.
For more information on Georgia’s Own, please visit GeorgiasOwn.org.
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About Georgia’s Own Credit Union
Georgia’s Own Credit Union has been a source of full-service banking and financial solutions for Georgians since 1934. Because it’s owned by and reports to its members (instead of stockholders), the not-for-profit institution is able to provide lower loan rates and fewer and lower fees than what is typically found in the market, all of which amounts to significant savings for families across the state. The 88-year-old credit union serves the metro Atlanta and surrounding areas, as well as Savannah, Albany, and Augusta through its 30 branch locations, its contact centers, 24/7 phone banking, as well as its mobile, tablet and online banking platforms. Visit georgiasown.org to discover more about its commercial, industrial, commercial real estate, equipment and government-secured lending, in addition to a full suite of business deposit products, online business banking, treasury solutions, merchant services, and payroll services.
