Georgia's Own Credit Union to merge with United 1st Credit Union

Georgia’s Own Credit Union in Atlanta has agreed to a merger with United 1st Credit Union in Kingsland, Georgia.

Merging with the $243 million-asset United 1st would create a combined institution with more than $3.6 billion of assets and roughly 36 branches across the state. Employees of United 1st are expected to stay on according to terms of the deal.

In the past five years, the $3.4 billion-asset Georgia’s Own has expanded through mergers with the $11 million-asset Three Rivers Credit Union in Bainbridge, Georgia, and the $204 million-asset DOCO Credit Union in Albany, Georgia, as well as the purchase of the $96 million-asset State Bank of Georgia in Fayetteville.

Georgia’s Own recorded $24.6 million in net income for 2021, after reporting a loss of $10 million for 2020, according to National Credit Union Administration call report data.