Around the States - Georgia

Georgia prize-linked savings legislation passes
April 17, 2019 -- After an extensive advocacy campaign by the Georgia Credit Union Affiliates (GCUA), the state legislature passed a bill that would permit credit unions and other financial institutions to offer savings accounts that include a “sweepstakes” component as an option to help encourage savings among members.

To keep the bill moving forward, GCUA testified in hearings, lobbied legislators and held multiple private meetings with key leaders. The bill was amended in the House to strengthen the bill and make it explicitly clear that it was not “gambling,” and work was put forth to fight back against unwanted pro-gambling amendments.

The measure now awaits the signature of Gov. Brian Kemp ( R).

Analysis Shows How Georgia Consumers Benefit From Credit Unions
Feb. 3, 2017 -- Members of Georgia’s credit unions received a direct financial benefit of $87 per member and $165 per household for the 12 months ended September 2016 vs. having had the same relationships with banks, according to the Georgia Membership Benefits Report compiled by Georgia Credit Union Affiliates. (CUToday.info) READ

Georgia Credit Union Members Enjoyed $130 Million in Direct Benefits Last Year
May 5, 2015 – Atlanta, Ga. – Georgia credit union members reaped direct financial benefits of $129.9 million in 2014, according to the semi-annual Member Benefits Index (MBI) released by Georgia Credit Union Affiliates (GCUA).

Georgia Credit Union Affiliates Compiles List of Top 25 Georgia Credit Unions

March 27, 2015 – The Peach State's 136 credit unions posted strong final quarter numbers, with an overall loan growth of 11.1 percent in 2014.

Georgia Department of Banking and Finance Adopts Final Rules

December 8, 2014 – Atlanta, Ga. – On Dec. 5, 2014, one month after a synopsis of proposed Rules was distributed by the Georgia Department of Banking and Finance (DBF) on Nov. 3, 2014, DBF adopted the Final Rules. Pursuant to OC.G.A. § 50-13-6, the effective date of the Rules will be Dec. 26, 2014, 20 days after the filing of the Rules with the Secretary of State.

Credit Union Needs Toys, Clothes for Wish Tree

November 8, 2014 – Georgia United Credit Union is holding its 25th annual Wish Tree program to collect new toys and articles of clothing for deserving children through local charitable organizations or Departments of Family and Children Services.

NASCUS Announces New Chair

August 25, 2014 – The National Association of State Credit Union Supervisors (NASCUS) welcomed Stephen S. Pleger, senior deputy commissioner for the Georgia Department of Banking and Finance (DBF), as its Board chair today, and expressed appreciation for the hard work and contributions of former NASCUS Board Chair Mike Wettrich.

UGA College of Family & Consumer Sciences partners with IRS & Georgia United Credit Union to Provide Volunteer Income Tax Assistance for 779 Athens-Clarke County Residents

May 2, 2014 – Athens, Ga. – Fifty students from the University of Georgia's College of Family and Consumer Sciences and J.M. Tull School of Accounting in Terry School of Business partnered with the Internal Revenue Service and Georgia United Credit Union to provide free tax preparation services for 779 individuals this tax season. This is the eighth year of this partnership that gives "real life" work experience for UGA students who are majoring in financial planning and accounting. Students who enroll in this service-learning course and participate in the program earn academic credit for their effort.

 

 

What's new with you?
Click here to submit your state-chartered credit union news stories to NASCUS Communications Department.