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CU System
Coosa Pines Jefferson Community Development FCUs merge
CHILDERSBURG, Ala. (8/13/10)--Coosa Pines FCU and Jefferson Community Development FCU have merged, with Coosa Pines as the remaining credit union. The merger was effective May 31 and the conversion of accounts was completed July 31. Coosa Pines is located in Childersburg, Ala. Jefferson Community had assets of $1.6 million and one location in Roebuck, Ala. Coosa Pines ended July 2010 with assets of $185 million and more than 20,000 members. Coosa Pines FCU now has five branches in Chelsea, Childersburg, Pell City, Roebuck and Sylacauga. The merger will now include membership to those in Jefferson County. The two credit unions merged because they have similar visions. Brant Malone, president/CEO of Coosa Pines, said the credit union is “consistently looking for areas of future growth and diversification of our membership base.”


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