April 23rd, 20182138The National Credit Union Administration is considering an appeal to the U.S. District Court for the District of Columbia's ruling that vacated two provisions of the agency's fild-of-membership rule, according to a Credit Union National Association press release.
NCUA filed a notice with the court April 19, which set forth the agency's implementation plan to comply with the ruling. The notice indicates that while new communutiy charters will no longer be granted on the basis of the expanded definition o rural district and combined statistical areal, credit unions will not be required to de-list members that joined prior to April 4, 2018,...
April 23rd, 201830209
Georgia credit unions finished 2017 with strong loan growth aided by near cyclical highs in U.S. consumer confidence.
Lending at Georgia credit unions grew by 1.8 percent in the fourth quarter – eclipsing the third quarter’s 1.5 percent rate but landing short of the 3.2 percent rate in the fourth quarter of 2016, according to data collected by the Credit Union National Association.
Lending grew by 8.8 percent at Georgia credit unions for all of 2017, a bit behind the 10 percent growth credit unions experienced nationally.
Predictably, holiday spending pushed credit balances upward in Georgia, which contributed to that loan...
April 19th, 20181158Delta Community Credit Union recently named Rick Daughterty its new assistant vice president of Residential Lending, according to a Marietta Daily Journal article.
Daugherty most recently served as a financial adviser at Merrill Lynch in Atlanta and has more than 20 years of experience with national lenders in servicing and origination.
"We're pleased to welcome Rick to our established team of professionals," said Kathy Weber, Delta Community's vice president of Residential Lending. "Not only does he have an exceptionally strong background in many areas of financial services — including loan servicing and origination — he also...
April 19th, 20180100Delta Community Credit Union will present the Cobb Chamber's reimagined annual business expo next week.
Elevate 2018 will serve as a personal and professional development event for exhibitors, sponsors and participants. The event was created to address Cobb's business community's desire to need to continually work to enhance personal growth, businesses and the community, according to a Marietta Daily Journal article.
The expo will take place Aug. 23 from 2 p.m. to 7 p.m. at the Cobb Galleria Centre.
For more information, read the full MDJ article here. ...
April 19th, 20180156Delta Community Credit Union recently celebrated the 1oth anniversary of its branch at 2627 Dallas Highway in Marietta, according to a Marietta Daily Journal article.
Long-time members and community partners reportedly joined Delta Community employees to celebrate the anniversary.
"Of our 370,000 members, 32,000 live in Cobb and Paulding Counties, and 19,000 of them call this their 'home' branch," said Hank Halter, Delta Community's CEO. "Congratulations, and thank you for providing our members with a decade of friendly, trustworthy service and sound financial advice and products."
For more, read the full MDJ article here. ...
April 19th, 20180122Georgia United Credit Union recently announced the four winners of the $27,500 in scholarships it awarded this year.
The scholarship money was awarded to four high school seniors through scholarships named for the credit union's founder Vernon E. Carne and notable board members Geraldine Tilson, Dorthy Dusenberry Pirkle and Polly Hinde. This year's recipients were chosen based on a video competition with consideration given to academic accomplishments, leadership and participation in both school and community activities.
Here are the winners:
Jamila Pellum won $10,000 through the Vernon E. Carne scholarship. Pellum is a senior...
April 17th, 20181132The National Federation of Community Development Credit Unions recently welcomed a new Southeastern Regional Director.
In her new role, Anna Foote will help oversee the On the Rise Financial Center, an initiative the Federation launched in 2017 to build financial access and capability in Atlanta's historic Westside community.
Foote is a 30-year veteran of Atlanta's credit union community who previously served as vice president of 1st Choice Credit Union and CEO of Bond Community Credit Union. Most recently, she spent 15 years as vice president of Operations for Coca-Cola Credit Union, where she served more than 14,000 members...
April 17th, 20180187LGE Community Credit Union continued its growth into Cobb County this week with the grand opening of a new Smyrna location.
"We're very excited about being in Smyrna," said LGE President and CEO Chris Leggett. "LGE already has a strong footprint in nearby Austell, but as we move forward we're trying to deepen our relationship with the communities we serve. We believe our new model location allows us to serve our members beyond simply facilitating transactions, to add the value they've come to expect from LGE Community Credit Union."
The credit union celebrated the grand opening of its 11th location in the Jonquil Shopping Center on...
April 16th, 20184129Peach State Federal Credit Union will soon expand into Toccoa.
The credit union obtained the branch from DOCO Credit Union after it made a strategic decision to leave that market. Peach State President and CEO Marshall Boutwell said the acquisition lines up with Peach State's long term strategic plan to expand services into North Georgia.
"This transition from DOCO to Peach State is in keeping with the values that each organization believes in — a focus on meeting and exceeding the expectations for our members," said Peach State President and CEO Marshall Boutwell. "We are pleased to be able to bring a smart place to bank to the...
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