Dear credit union members:
I’m pleased to let you know that 2017 was another solid financial year for the credit union. Our numbers look good, and we continue to operate in a safe and sound manner. If you’re interested in hearing more about our financial performance in 2017, I invite you to join us at our Annual Meeting later this month. Additional details regarding the meeting can be found on our website.
We are also off to a great start for 2018 as we continued the expansion of our footprint into the underserved areas of North Georgia and Southwest South Carolina. We’re pleased to bring a full suite of products and services to those who may not have had access to them in the past. An opportunity arose for us to acquire a branch in Toccoa, GA from DOCO Credit Union after they made a strategic decision to leave this market. Since this fit well with our long-term plan to expand our services into the North Georgia area, we have chosen to move forward with the acquisition, which is effective April 2018. We look forward to bringing a smart place to bank to Toccoa and offering another convenient location to members.
Our expansion into the Ware Shoals area (through the Southeast FCU merger) has led to an opportunity for further growth through a merger with Lakelands FCU in Greenwood, South Carolina. We anticipate the financial merger will be finalized April 1st with the account conversions slated to take place at the end of May/beginning of June. We look forward to sharing more information about this exciting new development with you!
As a result of this recent growth, we now have nearly 200 people on the Peach State team! Each of these new staff members has attended introductory training at our corporate headquarters.
We continue to ramp up our training efforts for all staff. Those who have previously graduated from Peach State Leadership Academy are returning to the classroom this year for advanced training, and our senior and executive management teams are attending leadership training as well. We believe that our ongoing focus on growth from the inside out will help us stay true to our mission to meet and exceed the expectations of member-owners like you.