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2100 E Exchange Pl Ste 101
Tucker, GA 30084-5313

GEMC Federal Credit Union is headquartered in Tucker and is the 25th largest credit union in the state of Georgia. It is also the 1,518st largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 23 employees and 14,374 members. GEMC Federal Credit Union has a A+ health rating.

Field of Membership Restrictions

GEMC FCU serves the employees and family members of the electric cooperatives (excluding Flint EMC) in the state of Georgia and associated service organizations in the EMC system. GEMC FCU also serves member consumers and family members of GreyStone Power Corporation, meaning if your household receives power from GreyStone, you are eligible for membership. Membership is established with a one-time, non-refundable $10 member ship fee and a $5 deposit to a Share Savings Account. - See Details

Reviews (3)

Doesn't Care About The Customer

I have long heard the virtues of credit unions extolled for their customer friendly policies.  Apparently GEMC Federal Credit Union didn't get that memo.  I have been a customer for 12 years.  In that time, I have opened and paid off five separate loans, including two car loans, without ever missing a payment. Having never had an issue, I opened a sixth loan for a paltry amount by comparison to previous loans I'd taken out with them.  During the financial crisis and a period of unemployment, every single creditor I had worked with me, including the major 'uncaring' credit card companies -- every one, that is, except GEMC.  Their 'lowering' of my monthly minimum payment was laughable and still far out of reach, especially in proportion to the small amount owed, and they are the only company that then proceeded to completely trash my credit.  All other creditors were willing to work with me to establish reasonable, reachable payments and to prevent poor marks on my credit.  Even after once again finding employment, catching up all payments and paying on time for a solid year until payment in full was made, they refuse to grant a goodwill request regarding my credit, stating that it cannot be done despite the well-documented fact that even the 'uncaring' big banks do it for people all the time.  They have their money, so they don't care any more.  Only good ending to this story?  The trick's on them, as it turns out.  Multiple family members who have long kept their HUNDREDS of thousands of dollars at GEMC because they believed them to be customer friendly have now decided, after hearing my story, to close and move their accounts. Can't wait for the dismissive lady named Nancy at Customer Service to receive the letters they intend to write telling just HOW much the company's losing thanks to her dismissive letter to me.  Especially the one from one particular family member, which will cost GEMC a few hundred thousand alone.  Wonder if the letter he gets in return will be just as dismissive? 

Credit Union Or Bank?

My husband and I have a joint account at GEMC Federal Credit Union.  We opened the account around 1996, when we married and moved to Lithia Springs, GA.  We kept our account there after moving over 30 minutes away in 1999.  In these years we have paid off car loans, personal loans, etc. with GEMC.  I noticed a change over a year ago when I made a mistake and asked for some help with some fees that were charged.  No way.  I wrote a letter asking for some help and consideration that I am a long time GEMC FCU account holder.  No way.  The letter I received back was short and cold.  You make a mistake here and we will not help you out.  Period.  A year later I asked for a fee to be removed.  No way.  You made a mistake a year ago and asked for a fee to be removed, so you will never get a fee removed now.  I was told to write a letter.  I wrote a letter and got the exact same answer as a year before.  Now, I am going through financial difficulties - no mistake - my family is living paycheck to paycheck and still don't have enough.  We took out a 401K loan and deposited it into our GEMC account on a Thursday.  The following Wednesday the bank...oops credit union...was still holding it until that Friday before allowing us to use it.  In the meantime we were accessed so many fees while paying our bills that we are overdrawn by hundreds of dollars with $50,000 waiting in the wings!  So, after all of this is taken care of I will write another letter.  This time I may be saying goodbye to my so-called non-profit credit union with over 10 years of having an account with them.  GEMC has become a BIG BANK FOR-PROFIT in their philosophy.  I can get that anywhere, probably right here in my city so I don't have to drive 30 minutes to my branch when I need to see a person.  I feel very disappointed in this credit union changing so drastically.  Seeing the 5 star rating really is puzzling to me until I look at how much money they have!!!  Non-profit is not that rich!!!  And, they can't help a long time account holder with all of that money in the GEMC account!!!  Very disturbing.

New To The Area Wanted To Establish A Relationship With A New Bank. Unbelievable ...

New to the area wanted to establish a relationship with a new bank. I went to GEMC and was told I had to pay 10 dollars to open a checking account! unbelievable ... I have never paid, nor will I pay to open a checking account. the institution lost deposit accounts in the 6 figures because of their greed for $10. Idiots...? You decide. Look elsewhere.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 GEMC Federal Credit Union had $117,000 in non-current loans and owned real-estate with $10.53 million in equity and loan loss allowances on hand to cover it. This gives GEMC Federal Credit Union a Texas Ratio of 1.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for GEMC Federal Credit Union decreased slightly from 1.43% as of March 31, 2013 to 1.11% as of March 31, 2014, resulting in a positive change of 22.06%.This indicates that the balance sheet and financial strength for GEMC Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, GEMC Federal Credit Union has increased its total deposits by $6.23 million, resulting in 7.48% 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 GEMC Federal Credit Union has shown is excellent.



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. GEMC Federal Credit Union has $100.24 million in assets with $10.53 million in equity, resulting in a capitalization level of 10.50%, which is above average.

Institution Statistics

NCUA #19536
Year Chartered1969
Primary Regulator
Assets and Liabilities
Assets$100.24 million
Loans$58.78 million
Deposits$89.46 million
Equity Capital$10.33 million
Loan Loss Allowance$202,000
Unbacked Noncurrent Loans$117,000
Real Estate Owned$0
Historic Data - March 2013
Assets$93.98 million
Equity Capital$9.60 million
Loan Loss Allowance$219,000
Unbacked Noncurrent Loans$117,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.4%
Return on Assets0.23%
Return on Equity2.21%
Interest Income$936,000

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GEMC Federal Credit Union Savings Account Rates

0.50%--IRA Savings 81
0.50%--Beneficiary IRA 84
0.50%--Education IRA 87
0.50%--Roth IRA 88
0.50%--Conversion IRA 89
0.25%$100-Savings 01
0.25%--Savings 02, 03, 05
0.25%--Christmas Club

GEMC Federal Credit Union Money Market Rates

0.40%$50k-Money Market Account

GEMC Federal Credit Union Checking Account Rates

3.00%-$1kSpark Checking - Qualifying
3.00%-$1kChecking 73
0.15%--Checking Account 74, 75, 76

GEMC Federal Credit Union CD Rates

0.70%$500-5 Year Savings Certificate
0.60%$500-4 Year Savings Certificate
0.50%$500-3 Year Savings Certificate
0.40%$500-2 Year Savings Certificate
0.35%$500-1 Year Savings Certificate
0.30%$1k-6 Month Savings Certificate

GEMC Federal Credit Union IRA Rates

0.70%$5k-5 Year IRA Certificate
0.60%$5k-4 Year IRA Certificate
0.50%$5k-3 Year IRA Certificate
0.40%$5k-2 Year IRA Certificate
0.35%$5k-1 Year IRA Certificate

GEMC Federal Credit Union Locations
Branch Office2100 E Exchange Pl Ste 101Tucker, GA 30084-5313
Branch Office120 Greystone Power BlvdDallas, GA 30157