Excel Federal Credit Union in Peachtree Corners, Georgia has received approval to extend its charter from the National Credit Union Administration.
The approval expands Excel’s membership to anyone in Gwinnett, Hall, Forsyth and Fulton counties, Ga., The organization said in a press release Thursday. Previously, Excel operated under a multiple common duty charter that limited its membership to employees of a limited number of companies.
“We are now able to bring our exceptional financial services to the communities we call home,” said Tom Hayden, CEO of Excel, in a press release.
Excel has around $ 147 million in assets. It was founded in 1952 and serves 14,500 members in the Atlanta metro area. The new charter, released in June, expands the operations of the credit union beyond this footprint.
The original charter of obligations allowed membership for federal employees in Georgia, and the credit union partnered with Georgian schools to offer financial literacy classes, according to Britney Bailey, marketing manager for Excel.
âUnfortunately, because we provided education at these schools, we could not offer student accounts as members,â Bailey said in an interview.
She says membership expansion has fulfilled her organization’s growth plan.