Last month, the members of Pinnacle Credit Union were given the chance to voice their opinion on a potential merger with Peach State Federal Credit Union. Pinnacle’s member base voted in favor of the merger.
The merger of the two credit unions officially took place on September 1st, following approval from the National Credit Union Administration, the agency responsible for regulating federal credit unions. Their consent carries high significance, confirming the legal and economic viability of this merger.
The integration marks a strategic move in the financial landscape, demonstrating growing unity and collaboration within the industry. The newly merged credit unions, who will continue under the Peach State name, now serves 70,000 members across Georgia as well as South Carolina and oversees $934 million worth of accounts.
The almost 100 year old Pinnacle Credit Union was originally known as the Atlanta Teachers Credit Union, a nod to its history of serving educators, a detail the credit union has in common with Peach State. The merger of the two aims to streamline services, improve customer experience, and foster financial growth.
