Georgia United Aims To Complete Merger
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.
The Golden 1 Credit Union has named Scott Vick senior vice president/chief financial officer.
Vick replaces Donna A. Bland, who previously held the position and was recently appointed as the Sacramento, Calif.-based credit union’s president/CEO.