In one of Atlanta's largest mergers in recent years, the $640 million Georgia United CU and the $205 million State Employees CU, both of Duluth, are looking to finalize a consolidation by May 1.
As part of the transaction, deemed a healthy merger of competitors, Georgia United follows through on a conversion sought from regulators and approved by members last year to switch from a federal to a state charter. Until last year, Georgia United was simply Georgia FCU.
A spokeswoman for Georgia United, which has 13 branches and 85,000 members, said discussions between the two CUs have been ongoing for months but is one benefitting both CUs.
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