News Release: Southeastern FCU
July 31, 2014
Valdosta, Ga. -- The board of directors at Southeastern Federal Credit Union and Nashville Credit Union have announced their intent to merge the two Georgia-based credit unions. They say that combined partnership will provide a broader array of financial products, services and technology to Nashville Credit Union members and expand Southeastern Federal Credit Union's member base.
"We are extremely pleased to welcome Nashville Credit Union members, employees and supporters to the Southeastern Federal Credit Union Family," said President/CEO Mike Gudely. "As our two organizations combine, Nashville Credit Union members will continue to experience the exceptional member service and friendly faces they are accustomed to with no service interruptions. We are excited to bring Nashville members added convenience, additional product offerings and access to enhanced technology by serving them in the five Southeastern Federal Credit Union branches."
Southeastern FCU and Nashville officials state that they believe the merger will provide greater convenience and value to both Nashville and Southeastern Federal Credit Union members. As both credit unions are deemed financially secure, Southeastern FCU officials say that the merger is considered strategic in nature.
"It is important that we retain our identity as a credit union that is committed to the Nashville area and our members," said Tina Burkhalter, President and Manager of Nashville Credit Union. "With the rapidly increasing demand for technology and convenience, and growing regulatory burdens, a merger with Southeastern Federal Credit Union is the ideal solution for our membership."
The Valdosta based Southeastern Federal Credit Union holds approximately $200 million in assets and has more than 25,000 members. The credit union operates five offices through southwest Georgia.
Nashville Credit Union has operated one branch in Nashville, GA since 1973 and serves more than 2,600 members.
The merger is subject to both regulatory and member approval. The intended merger is expected to be completed in the fourth quarter of 2014.