Peach State Federal Credit Union recently celebrate reaching $500 million in assets during their 57th Annual Meeting.
“I am proud of our team who has gone above and beyond to serve all of these new members and welcome them to the Peach State family,” said Rick Davis, Peach State’s chairman of the Board of Directors.
Peach State, which was established by Gwinnett County Public School teachers and staff in 1961, has grown significantly since its founding. In 2018, the credit union expanded further into North Georgia and Southwestern South Carolina areas through mergers with Southeast FCU, Lakelands FCU, Stephens-Franklin Teachers FCU and Towns Union Educators FCU.
Peach State also acquired a DOCO branch and assets in the Toccoa area after they decided to leave the market.
“We are committed to a long-term strategic plan for growth, which includes serving underserved areas throughout North Georgia and Southwest South Carolina,” said Marshall Boutwell, president and CEO of Peach State. “Reaching the milestone of $500 million in assets is the result of this strategy. We are looking forward to the future with the purpose of providing quality financial services to those who may not currently have access to them. At Peach State we believe that a strong financial institution fully and effectively invested in their communities result in better outcomes for our members over time.”