The $2.3 billion Georgia Central Credit Union, the state's corporate engaged in active merger talks on the NCUA-conserved Southwest Bridge Corporate FCU, has become a federal charter, its president/CEO, Greg Moore, confirmed Tuesday.
The move, in line with an overall strategy of building resources "since scale has become ever more important" on the corporate scene, comes as the Duluth-based entity awaits a favorable vote by a key unit of an NCUA-sanctioned advisory panel for Southwest.
A recommendation supporting Georgia Central as the corporate of choice in any consolidation is due for a Nov. 30 vote by the 140-member Advisory Council made up largely of CEOs representing CU users from some eight states stretching from Texas to Oregon.
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