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Members of South Carolina credit union OK merger with Georgia's Peach State FCU

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Members of South Carolina credit union OK merger with Georgia's Peach State FCU

Lakelands FCU members approved the Greenwood, S.C.-based credit union's merger with Lawrenceville, Ga.-based Peach State FCU.

The financial merger, which the National Credit Union Administration has approved, takes effect April 1.

As of the end of 2017, Peach State FCU had $424.6 million in assets, while Lakelands FCU had assets of $12.3 million, according to SNL data.

SNL is owned by S&P Global Market Intelligence.