Georgia

 BENEFITS OF THE GEORGIA STATE CHARTER (View/download PDF)

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)

  • Patrick La Pine, Chief Executive Officer
  • Samantha Beeler, President
  • Website: lscu.coop

PRIVATE SHARE INSURANCE: No


2023 STATS 
  • Largest SCU: DELTA COMMUNITY CU $8.66B in assets
  • Largest FCU: PEACH STATE FCU $0.96B in assets
Fourth Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 39 41 80 48.75%
Credit Union Members 1.91M 0.35M 2.26M 84.61%
Credit Union Assets $31.03B $4.2B $35.23B 88.08%

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
How a Georgia credit union is combating loan fraud
December 11, 2023 — Andrew Woodman is enlisting more advanced technology to protect Georgia United Credit Union from the growing threat of consumer loan fraud, which he says has changed the nature of lending. “I’ve been doing this long enough to remember when we used to actually have our team members pick up the phone and do [income] verifications ourselves verbally, and as soon as those procedures and technology transitioned, the expenses to use the services that are out there began to significantly rise as well,” said Woodman, who has spent seven years at the $2 billion-asset credit union and became senior vice president of mortgage lending and loan trading in March.

Georgia United, based in Duluth, formed a partnership early in the year with the fintech Argyle, which offers a platform to verify the incomes of loan applicants. Credit union leaders hope the service will ease the strain on underwriting staff and streamline document-gathering — all while ensuring borrowers are who they say they are and make as much money as they claim.

Click here to read the full story.

Story Archive

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