January 26, 2011
11-21

Malynda Dorsey
Communications Specialist

Valdosta Educators Credit Union Expands Services

VALDOSTA -- Valdosta Educators Credit Union announces plans to merge with MEA Federal Credit Union, a $50 million credit union based in Columbus, Ga.

The merger is expected to become effective in March. With a combined capital strength of 15 percent and assets of $62 million, it will allow the Valdosta location to extend its business hours and increase service benefits for Valdosta State University members.

"The education common bond is key to our partnership and to our success going forward," said Polly Bell, chief executive officer of MEA Federal Credit Union. "I am very excited about the opportunity to bring MEA's expanded programs to Valdosta State educators as well as increase the credit union's involvement in the Valdosta community as a good corporate citizen. MEA remains dedicated to our founding mission of serving active and retired educators and their families, and to creating a positive impact on the educational institution in which our members work and the communities in which they live."

Valdosta Educators Credit Union, located at 308 E. Ann St., has served VSU's faculty, staff and students for 39 years. For more information, contact Jane Gilliam at the MEA Federal Credit Union at 706-507-0446.