Augusta, GA – Two local credit unions in Augusta have announced that they are combining forces.
According to a press release, University Health Federal Credit Union (FCU) members voted to approve the merger between University Health FCU and Augusta Metro Federal Credit Union (FCU) on Thursday, September 23rd.
According to the release, the two credit unions “will merge in order to bring members more products, services, and locations to handle their financial business”.
“The merger brings our members modern financial tools in the form of electronic products and services, as well as giving them additional branch locations,” said Randy Weed, University Health FCU CEO. “This is a tremendous ‘win-win’ for our members.”
With this merger, University Health FCU will become another Augusta Metro FCU location, bringing the credit union’s total assets to more than $113 million, and the combined membership to more than 21,000.
University Health FCU members will gain access to more digital products offered by Augusta Metro FCU—such as mobile banking, mobile check deposit, and Pocket2Pocket, a program that allows members to send money via text or email. Along with more products and services, University Health FCU members will be able to use any of Augusta Metro FCU’s four branches—on top of their own—for their banking needs.
“We are excited about this merger and the opportunities it’ll bring for the members of both credit unions,” said Sherry Saxon, Augusta Metro FCU CEO. “At Augusta Metro, we are committed to providing exceptional services to our members so that we can make a positive difference in their lives.”
The merger will go into effect Thursday, October 1st but members of Augusta Metro FCU and former University Health FCU members will not be able to use the branches interchangeably until operational systems are combined on Tuesday, December 1st.