April 1st, 201955420
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, 20191169
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, 20187111This 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, 201825107On 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, 20182292The 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, 2018094Credit 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...
August 30th, 20182891Hawaiian credit unions are recovering this week after they withstood Hurricane Lane last week and over the weekend.
Lane deposited more rain than any other tropical storm or cyclone in Hawaii's history, according to Weather.com. The downpour also ended up being the second-highest rain total in U.S. history by a tropical storm, dumping 52.02 inches on the islands. That's second only to Hurricane Harvey's 60.58 inches last year.
CU Hawaii sits on Hawaii Island, where rainfall was heaviest, and took on two feet of water in the basement of its main branch on Hinano Street, according to a Credit Union Journal article.
"We worked the...
August 8th, 2018088California credit unions are hanging on after suffering through wildfires one credit union executive described as "apocalyptic," according to CUNA's news site.
As of Tuesday morning, there were 18 large wildfires burning across California.
"I don't want to overstate it, but this is apocalyptic, even by California standards," said John Cassidy, CEO of Sierra Central Credit Union. "These are some of the hottest fires ever recorded because of the type of timber and brush firefighters have to deal with."
Nine of Sierra Central CU's 24 employees in the area were temporarily displaced from their homes and at least 49 of the credit...
July 18th, 2018469647The new leader of the World Council of Credit Unions Board of Directors hails from the United States.
Steven Sapp, president and CEO of Unitus Community Credit Union in Portland, Ore. formally took office during the World Credit Union Conference General Session on July 17 in Singapore.
"Although I come from the U.S., I consider myself a global ambassador of credit unions — a servant of the people. World Council and the work of those that have gone before us have brought us together. We must not forget that we drink the water from the well that others have dug, but now is our time to take this work forward," Stapp said. "The challenge...
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