June 21st, 20192365
Yesterday, the League of Southeastern Credit Unions (LSCU) held its Annual Business Meeting in Orlando, Fla., at which the membership voted to approve the proposed consolidation with the Georgia Credit Union League (GCUL). Earlier this month, the GCUL member credit unions voted via mail ballot to approve consolidating into the LSCU.
These membership votes bring the two organizations one step closer to merging under the name of the League of Southeastern Credit Unions & Affiliates (LSCU), offering an expanded portfolio of products and services to 342 credit unions in Alabama, Florida, and Georgia.
The combined organization will...
June 20th, 20190241
Giving back to the community is a way of life for credit unions. During this year's Southeast CUNA Management School, students took a break form the academic rigors of the program to put credit unions' "people helping people" philosophy into action.
A total of 34 credit union professionals worked together to provide school supplies for students in need in the Athens area. Members of the Class of 2019 purchased school supplies and then spent the afternoon decorating and assembling 125 supply bags, which were brought to the Boys & Girls Clubs of Athens.
The Boys & Girls Clubs of Athens has provided a clean, healthy...
June 6th, 2019181
The Federal Communications Commission voted Thursday to approve a default call-blocking order, which includes a mechanism for challenging erroneous call blocking that will protect credit unions.
FCC Chairman Ajit Pai said Wednesday that the proposal had been updated in response to feedback to include a "safety valve" that would allow legitimate callers to file complaints with voice carriers over erroneously blocked calls. The Credit Union National Association had previously called for this measure in a letter and its thoughts were supported by Georgia Credit Union Affiliates, the league for credit unions in the...
April 1st, 201954416
Many Georgia credit union members, like consumers across the country, seem to be steering away from purchasing and financing new vehicles.
As of the end of 2018, about 2.2 million Georgians were members of credit unions – about 21 percent of the state’s population.
That segment of the state has shown a cooling interest in new auto loans over the past five years, according to data from the Credit Union National Association. In 2013, Georgia credit unions reported a 13.7 percent growth in new auto loans. The very next year, new auto lending exploded at the not-for-profit institutions, which reported 30.8 percent growth.
New...
January 16th, 20191178
When Bankrate released its list of the best 10 credit unions in the United States, the publisher and comparison service included Delta Community Credit Union.
The site had this to say about Delta Community CU:
Delta Community Credit Union in Atlanta offers fee-free products that plug into a favorably reviewed mobile app. In Delta Community's Personal Checking account, you'll earn 0.03 percent APY if your balance is at least $5,000. if your balance is less that that, you'll earn nothing on interest. Delta Community's personal savings account pays 0.35 percent APY regardless of how much you park in it. But to open...
November 8th, 20187115This story ran in Credit Union Journal on Nov. 7.
A number of former credit union executives and directors have good reason to smile on Wednesday.
Overall, politicians with ties to the credit union industry had a good night during Tuesday's election. Roughly a dozen people with a connection to credit unions won races for the U.S. House and other local contests.
Additionally, the Credit Union Legislative Action Council (CULAC), the federal political action committee of the Credit Union National Association, supported 375 candidates for House and Senate seats this year. CUNA and state credit union leagues invested a record $7...
October 11th, 201825114On Thursday, the National Credit Union Foundation opened CUAid to receive disaster relief funds to help credit union employees and volunteers affected by Hurricane Michael.
The Category 4 hurricane ripped through Florida and parts of Georgia on Wednesday and continued through to the Carolinas on Thursday, leaving a path of destruction in its wake. The storm left buildings collapsed, hospitals damaged and more than a million homes and businesses without electricity, according to a New York Times article. At least seven people died as a result of Hurricane Michael.
Credit unions throughout Georgia and Florida as well as the League of...
October 10th, 20182298The League of Southeastern Credit Unions and its affiliated credit unions are bracing for Hurricane Michael.
The league, which is based in Tallahassee, joined many of its credit unions in closing their branches Tuesday around noon and remaining closed through Thursday because of the state of emergency declared for Alabama and Florida, according to a Credit Union Times article.
Hurricane Michael will be the second major hurricane to it the area in 13 months. It was just over a year ago — September 2017 — when Hurricane Irma dumped more than a foot of rain, brought winds of 130 to 142 mph and knocked power out at more than 5.6...
September 12th, 2018099Credit unions across the Mid-Atlantic are taking the threat of Hurricane Florence seriously.
The hurricane, which is slated to make landfall Thursday evening in states including the Carolinas and Virginia, already prompted mandatory evacuation orders for the entire South Carolina coastline. Portions of coastal North Carolina and Virginia are also under evacuation orders.
"There are quite a few closings already because of the evacuation order," Brandon Pugh, vice president of public relations and communication for the Carolinas Credit Union League, told Cuna News.
Pugh also told CUNA News that the Carolinas Foundation is preparing to...
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