4 star ratingAverage User Rating:
4 star rating based on 1 review.

Credit Union of Georgia

Credit Union of Georgia Locations
3048 Eagle Drive
Woodstock, GA 30189
678-322-2000
www.cuofga.org

NCUA

Credit Union of Georgia is headquartered in Woodstock and is the 12st largest credit union in the state of Georgia. It is also the 873rd largest credit union in the nation. It was established in 1960 and as of December of 2012, it had grown to 57 employees and 33,825 members. Credit Union of Georgia has a 5-star health rating.

Related Posts

4.70% 24-Month CD at Credit Union of Georgia - Easy Membership - 11/21/2008

Credit Union of Georgia has just lowered the yield on its special 15-month CD from 4.59% to 4.33% APY. The 12-month special CD yield has also gone down. It's now 4.07% APY. On the plus side, they've added a special 24-month CD which has a very...

4.59% 15-Month CD at Credit Union of Georgia - Easy Membership - 11/10/2008

Update 11/21/08: The 15-month CD yield has fallen. Please check the credit union's website for the latest rates.Credit Union of Georgia has recently come out with some competitive share certificates. The most competitive include a 4.33% APY for a...

Credit Union of Georgia Lowers CD Rates, But Still as High as 5.75% - 9/1/2007

Credit Union of Georgia lowered rates on its share certificates this week, but the rates remain very competitive with the top yield of 5.75% APY for a 60-month term and a $50k minimum deposit. The old and the current yields are shown below: Term Old...

High Rate CDs from 5.55% 6-Month to 5.86% 60-Month at Credit Union of Georgia (Easy Membership) - 8/1/2007

Credit Union of Georgia has several high rates on share certificates with a minimum deposit of $50K. These include a 5.55% APY 6-month CD, 5.67% APY 12-month CD, 5.76% APY 36-month CD and a 5.86% APY 60-month CD. Rates are about 0.25% lower for a $10K...



Report an Issue
See Rates for: Checking | Savings | Money Market | CD | IRA

Credit Union of Georgia Checking Account Rates

ApyMinMaxProduct
0.05%$2,500-Direct Connect Checking
0.05%$2,500-Legacy Checking
0.00%$10k-Performance Checking
0.00%--Entrepreneur Checking

Credit Union of Georgia Savings Account Rates

ApyMinMaxProduct
0.13%$10k-HSA Checking
0.13%$10k-Variable IRA Shares
0.10%$2,500-High Yield Share
0.02%--Regular Savings
0.00%--Club Accounts

Credit Union of Georgia Money Market Rates

ApyMinMaxProduct
0.10%$10k-Money Market Account

Credit Union of Georgia CD Rates

ApyMinMaxProduct
1.00%--60 Month Share Certificate
0.75%--48 Month Share Certificate
0.55%--36 Month Share Certificate
0.45%--24 Month Share Certificate
0.30%--12 Month Share Certificates
0.20%--6 Month Share Certificates
0.00%--3 Month Share Certificates

Credit Union of Georgia IRA Rates

ApyMinMaxProduct
1.00%--60 Month IRA
1.00%--60 Month Roth IRA
1.00%--60 Month CESA
0.75%--48 Month IRA
0.75%--48 Month Roth IRA
0.75%--48 Month CESA
0.55%--36 Month IRA
0.55%--36 Month Roth IRA
0.55%--36 Month CESA
0.45%--24 Month IRA
0.45%--24 Month Roth IRA
0.45%--24 Month CESA
0.30%--12 Month IRA
0.30%--12 Month Roth IRA
0.30%--12 Month CESA
0.20%--6 Month IRA
0.20%--6 Month Roth IRA
0.20%--6 Month CESA
0.00%--3 Month IRA
0.00%--3 Month Roth IRA
0.00%--3 Month CESA

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


CREDIT UNION OF GEORGIA
NCUA #68571
BankRate ReportView
Year Chartered1960
Employees57
Primary Regulator

Assets and Liabilities

Assets$206.07 million
Loans$123.27 million
Deposits$189.63 million
Equity Capital$14.29 million
Loan Loss Allowance$2.58 million
Unbacked Noncurrent Loans$653,000
Real Estate Owned$115,000

Historic Data - December 2011

Assets$185.57 million
Equity Capital$10.15 million
Loan Loss Allowance$4.25 million
Unbacked Noncurrent Loans$1.63 million

Profit Margin - Quarterly

Net Interest Margin6.06%
Return on Assets1.98%
Return on Equity28.57%
Interest Income$8.36 million
Non-Interest Income$4.64 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Credit Union of Georgia had $768,000 in non-current loans and owned real-estate with $16.87 million in equity and loan loss allowances on hand to cover it. This gives Credit Union of Georgia a Texas Ratio of 4.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Credit Union of Georgia decreased significantly from 11.34% as of December 31, 2011 to 4.55% as of December 31, 2012, resulting in a positive change of 59.84%.This indicates that the balance sheet and financial strength for Credit Union of Georgia has improved significantly in recent periods.
Deposit Growth5
In the past year, Credit Union of Georgia has increased its total deposits by $16.18 million, resulting in 9.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Credit Union of Georgia has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Credit Union of Georgia has $206.06 million in assets with $16.87 million in equity, resulting in a capitalization level of 8.18%, which is average.
Write Review

Credit Union Of Georgia
4 stars - Justin - Wednesday, May 25, 2011 - 4:41 AM

The Credit Union of Georgia is a small credit union with branches located in Paulding and Cobb County Georgia. This credit union is reserved for employees of Cobb county and their family members, and I just happen to be lucky enough to have a mother who works for the Cobb County school district. I first opened an account here about a year ago, and I love it. The people working there are very friendly and personable, and they actually seem to care about their customers. As far as comparing this credit union to others, I really can't, since this is the first and only bank account I've ever had. However, if you're looking to bank with a friendly credit union, and happen to work for or are related to someone who works for Cobb County, I highly recommend it.

1
 
Nationwide Savings Accounts
Featured Accounts