Georgia

REGULATING AGENCY: Georgia Department of Banking and Finance

Georgia State Capitol

ACCREDITED: 1996

LEAGUE: League of Southeastern Credit Unions & Affiliates, Georgia Credit Union Association (GCUA)

PRIVATE SHARE INSURANCE: No

STATS: (As of October 2021)

Total Number of Credit Unions: 92

  • TOTAL # SCUs: 45
  • TOTAL # FCUs: 47
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 49%

Total Assets: $33,752,644,870

  • TOTAL $ SCU ASSETS: $29,618,867,079
  • TOTAL $ FCU ASSETS: $4,133,777,791
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 88%

Total Members: 2,237,574

  • TOTAL Members SCUs: 1,876,027
  • TOTAL Members FCUs: 361,547
  • SCU % OF TOTAL (SCUS/STATE TOAL): 84%

FUN FACT: Gainesville, Georgia, often considered the poultry capital of the world, passed a 1961 law making it illegal to eat fried chicken with a fork.


RECENT NEWS

Georgia’s Own Credit Union on Track to be the First Credit Union to Purchase a Bank in 2022

Named a Top Workplace of 2022, Atlanta-based Georgia’s Own Credit Union said Monday it will send to regulators a proposal to buy Smyrna, Georgia-based Vinings Bank in the first move by a credit union in 2022 to acquire a bank.

As the third-largest credit union in Georgia, the credit union stated it will “submit to regulatory agencies a proposal to acquire the $653 million-asset bank after the two organizations agreed upon financial terms, which were not disclosed.”


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