April 1st, 201912246
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...
December 27th, 201859246
Despite growing financial comfort, Georgia credit union members don’t appear to be slipping back into dangerous consumer patterns evident across the country just before the Great Recession of 2008.
As of the third quarter of this year, 2.2 million Georgians belonged to a credit union;that’s about 21 percent of the state’s...
November 21st, 201814278Annualized 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...
June 29th, 20182313Georgia credit unions experienced a strong start in 2018.
Savings accounts increased by 4.1 percent during the first quarter, according to data from the Credit Union National Association. While that isn’t as strong as the 5 percent growth posted in the first quarter of 2017, it’s about in line with the national average...
April 23rd, 20182177
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...
January 26th, 201829169
The U.S. economy’s strong third quarter helped launch Georgia credit unions toward a fourth-straight year of double-digit loan growth.
Unemployment rates in the United States fell to a nearly 17-year low in the third quarter and consumer spending remained strong. That showed in the loan portfolios of Georgia credit...