From the notebook of business editor Tim Rausch

Augusta credit union merged

Seen the changes to CSRA Federal Credit Union locations?

The four-branch Augusta credit union completed its merger with Atlanta-based Associated Credit Union.

CSRA gets to keep its name and will operate as a division of Associated Credit Union.
While the merger will allow for some cost reductions through economies of scale, none of the employees will get laid off, Associated tells me.

“It was important to us that CSRA Credit Union would retain our presence in Augusta with the same smiling faces and experienced staff and locations while adding new and improved products and service centers for our members.” said Charm McCall, Area President of CSRA Credit Union.

CSRA Federal Credit Union had over 12,300 members and assets over $53 million. After the merger with ACU the combined membership is over 150,000 members and $1.2 billion in assets. 

“Our vision was to find a credit union willing to not only merge with us but to form a partnership; finding like relationships where it is beneficial to both members and employees. With Associated Credit Union, we share a mutual respect as well as a like strategy and philosophy,” Ms. McCall said.

Associated Credit Union, chartered in 1930, is headquartered in Norcross. It has 28 branches.

CSRA Credit Union started in Augusta in 1954.

MILLIONS OF CRICKETS ON YOUR TV: A Your Business cover profile business is hitting the small screen next week. Ghann’s Cricket Farm is the featured segment on Jan. 12’s Dirty Jobs on the Discovery Channel.

Actually, the program is double-dipping on the Martinez business. It gets to be the second segment on the Jan. 19 edition.

Clay Ghann and his operation was featured in Your Business in February 2009. They grow millions of crickets as live food for people who have reptiles as pets. Their waste product is also packaged as an organic fertilizer.

If handling crickets creeps you out, you’ll understand why its on Dirty Jobs.

A NEW NAME: Allied Printing/Franklin Printing & Copying, located near the Martinez post office is sporting a new name: AlphaGraphics of Martinez.

Alan and Kathy Anderson left the Franklin Printing franchise that it held for more than a decade and went independent as Allied Printing.

They’ve joined the 260-store AlphaGraphics franchise now.

The grand opening is Thursday.

The Andersons have also graced the pages of Your Business – in March last year.

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paulwheeler
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paulwheeler 01/05/10 - 02:23 pm
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Was it actually CSRA Credit

Was it actually CSRA Credit Union that started in 1954, or was it another credit union that was later merged into CSRA?  Maybe another reader can shed some light on this.

One who cares
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One who cares 01/06/10 - 07:39 am
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wonder if the credit union

wonder if the credit union members were aloud to vote on this or did the board just make the call for them.  I just wonder if this will cause membership to drop because of out of town control of their money and loans

brianw
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brianw 01/06/10 - 04:28 pm
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Tom, I am a member of CSRA

Tom, I am a member of CSRA FCU. I do not recall getting a packet requesting my opinion on the merger. However, I don't care who manages the day to day or who the credit union partners with to become more efficient. I care that the level of service remains intact and the cost of basic services does not increase.

thereishope
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thereishope 01/06/10 - 05:01 pm
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every member had a vote, you

every member had a vote, you could go to the meeting or mail your vote in!

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