Peach State Federal Credit Union and RCT Federal Credit Union have merged. This announcement follows a vote that was held at RCT on July 14th during a Special Meeting of Members. The financial merger, which has been approved by the National Credit Union Administration, is effective August 1, 2016, at which time RCT members will become members of Peach State. This merger demonstrates a shared commitment on the part of both credit unions’ Boards and management to grow stronger and remain highly competitive in today’s financial marketplace.

RCT was chartered in 1963 to serve the needs of the employees of the Richmond County Board of Education. The credit union was originally founded for the teachers, but was later extended to all Board of Education employees and their immediate family members.

“Peach State was founded by teachers and it is through this foundation that we have common ground with RCT,” said Peach State President/CEO, Marshall Boutwell. “Through our extensive suite of products and services, we can help these educators and their families achieve their financial goals.”

“We were founded to serve the educators in our schools, so merging with Peach State given their long history of dedication to schools and education, makes it a perfect fit for our members,” commented Nancy Foss, Board Chairperson for RCT. “We look forward to continuing our tradition of personal service to our members as part of the Peach State team.”