November 21st, 201859504Annualized lending growth at Georgia credit unions slowed, but remained strong into the second quarter of 2018 as the economy continued to improve.
“We continue to see signs of a mature economic recovery,” said Georgia Credit Union Affiliates CEO Mike Mercer. “Loan growth is still robust but moving off the levels we saw in the peak growth years between 2014 to 2016.”
Lending grew at 6.8 percent on a year-over-year basis at Georgia’s credit unions in the second quarter. That’s strong growth, but not quite the frenzied 11 percent pace the state’s credit unions experienced during the economy’s peak growth years that...
November 20th, 201832166Georgia United help supply scholarship money to five female high school seniors recognized as recipients of the 2018 Young Leaders Scholarship.
Each of the five Gwinnett County Public Schools Class of 2018 grads will receive a $2,000 scholarship from Georgia United Credit Union as well as the Mitsubishi Electric Classic.
The Young Leaders Scholarship recognizes female GCPS graduates who distinguish themselves as community volunteers, entrepreneurs or school leaders, according to a Gwinnett Daily Post article. Since 2014, 17 Gwinnett graduates have received the scholarships and have attended colleges including the University of Georgia,...
November 19th, 20184765Five Star Credit Union will pay homage to its roots in early 2019 by opening a branch in Blakely, Ga., it's second location in Early County.
Five Star began as the Cedar Springs Federal Credit Union when eight employees of the Great Southern Paper Company in Cedar Springs, Ga. each chipped in $5 and ran the credit union out of a broom closet. The credit union eventually expanded into southwest Georgia and southeast Alabama, changing its name to Five Star Credit Union in 1991. But Five Star hasn't strayed far from the county where it began.
"We have a strong membership base in the Blakely and Cedar Springs communities," said Robert...
November 16th, 20180122Coosa Valley credit Union recently celebrated the completion of its newest branch with a ribbon cutting.
The new branch at 15 Walnut Grove Road in Cartersville is laid out to allow for easy transactions in an open and inviting space, according to a Coosa Valley News article. The new location is full service and is equipped with an ATM, experienced staff and "a few new features to make banking faster, easier and enjoyable."
Also featured in: Coosa Valley News, The Daily Tribune News...
November 13th, 20180200LGE Community Credit Union recently celebrated the grand opening of its new Dallas location with a ribbon cutting.
The community was invited to attend the celebration of the new branch, located at 18 Georgia Heritage Place, to enjoy catering from Jim 'N Nick's Bar-B-Q as well as entertainment from Madison James and the B98.5FM team.
LGE President and CEO Chris Leggett, GE Vice President of Marketing and Business Development Scott Brooks and Paulding County Chamber President Stacy Hamby spoke at the event.
"We've been in Paulding County for almost 10 years already with our office over in Hiram, and we are excited to deepen our roots...
November 9th, 20187108Peach State Federal Credit Union has committed to donate $10K to local scholarships.
The credit union will donate the money to Habersham County Schools' REACH Georgia Scholarships over the next five years. The school system will receive $2,000 each year through 2022 from Peach State.
Also featured in: Credit Union Journal
November 8th, 20185158United 1st Federal Credit Union recently delivered more than 75 fleece blankets to residents at the St. Marys Senior Care Center in St. Marys.
"As part of the commitment to being a positive impact in their community, the staff at United 1st were thrilled to provide a very tangible expression of warmth to our local seniors," according to a statement from the credit union.
November 8th, 20187122This 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...
November 8th, 20187123DOCO Credit Union members saved more than $1.3 million by using Christmas Club Savings Accounts during 2018.
On Nov. 1, more than 1,400 club accounts automatically rolled over into members' regular share saving account for holiday access to their funds. DOCO members are estimated to spend more than $1.4 million at local business by eating out, purchasing gifts and enjoying the holidays, according to an Albany CEO article. The savings from those club accounts will likely help with that funding.
Also featured in: Albany CEO ...
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