North Georgia Credit Union and Rabun-Tallulah Federal Credit Union Announce Merger

The members of Rabun-Tallulah Federal Credit Union in Tiger, GA have approved a plan to merge their credit union with North Georgia Credit Union. The boards of both credit unions authorized the signing of a letter of intent to pursue the merger earlier this year. As of last Monday, Members of RTFCU are now members of North Georgia Credit Union. The merger has been approved by the National Credit Union Administration (NCUA) and the Georgia Department of Banking & Finance.

Brian Akin,President and CEO of North Georgia Credit Union told WNEG News “We are excited to bring the members of Rabun-Tallulah FCU into the NGCU family, We will be able to offer their members an expanded array of products and services while continuing to provide a superior level of personal service that they are accustomed to.”

Founded in 1977, Rabun-Tallulah FCU has served the education community in Rabun County with the Rabun County Board of Education, Rabun Gap-Nacoochee School and Tallulah Falls School in their field of membership. Since its beginning, Nancy Holcomb has served as the credit union’s only manager. Mrs. Holcomb will be retiring from the credit union upon completion of the merger.

In addition to approving the merger, the Georgia Department of Banking & Finance also granted approval for North Georgia Credit Union to serve anyone who lives or works in Rabun County.

Originally chartered in 1941, North Georgia Credit Union provides financial products and services to more than 10,500 members with almost $60 million in assets. Membership is open to anyone who lives or works in Stephens, Franklin or Hart Counties, along with the employees and family members of over 100 companies. Headquartered in Toccoa, GA, NGCU also operates branch offices in Lavonia and Hartwell. For more information, visit www.ngcu.org.