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800-533-2062
1155 Peachtree St NE Ste 400 Suite 400
Atlanta, GA 30309-3600

Georgia's Own Credit Union is headquartered in Atlanta and is the 4th largest credit union in the state of Georgia. It is also the 96th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 355 employees and 175,508 members. Georgia's Own Credit Union's savings rates are 44% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of one of their Member companies. Also open to those who live in Chatham, Cherokee, Cobb, Columbia, Dekalb, Douglas, Effingham, Forsyth, Fulton, Gwinnett, Hall, Henry, Richmond or Rockdale County. - See Details

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Reviews (2)

SHARON's OWN CREDIT UNION

 

This credit union is excellent. The customer service is great and they treat you like a person and not a number. I previsouly banked with Trust Company and after 23 years, they put some money in my account in error. I was unaware of it because I had several automatic wire transfers going into my account, child support, payroll, and I had loaned a girl friend some money to pay for her daughter's wedding and she was wiring me money as well, plus some back monies from a law suit from my x-husband. Long story short. 6 months after their error, they froze my monies and I didn't know what was going on.  I called them to find out what was happening with my account and I quote" YOU KNEW THAT MONEY WAS NOT YOURS AND YOU DIDN'T CALL THE BANK TO REPORT IT. MS. THIS IS CRIMINAL AND YOU ARE A CRIMINAL. I couldn't believe what I had just heard and nearly drove off the road because I was in total shock.

 I transferred to Bank of America and had been with them for 11 years. I needed  $6500 for tuition for my son's college education. I had a credit card in good standing with BOA, a saving accout and 3 checking accounts. I went to the  Branch in down town Atlanta, and asked could I used my car title "2010 paid for automoble for collateral to get the monies. I was blakely told a strong No. We don't do "those type loans", She asked did I have any equity in my home. Really, now who has equity in their home these days. Not many. I said no, but the car title should be sufficient because of the value of the vehicle. She said no, we can't help you. Good Luck. Oh by the way my credit score was 805. The loan officer never even pulled up one of my accounts. Had I not paid for the car out right, I wouldn't needed the loan.

Now to Georgia's Own- My saving grace. A close friend told me about the credit union. He told me to go on line and apply. I was skeptical because I didn't have an account there. I opened a account for $5.00 I mean literally with $5.00, and I had over $10,000 in BOA. Then I filled out a loan application. The application was approved that same day!!!!!!!!!!!!!!!!!!! I couldn't believe it. I went into the bank a couple of days later and the loan officer at the Georgia State Branch was so kind to me. I shared my story with her and she said that they were glad that they could help me and my son out at this time. Needless to say I am done with Big Banks who treat you like a little piece of trash.

 

THANK YOU GEORGIA'S OWN CREDIT UNION!!

I CALL YOU SHARON'S OWN CREDIT UNION, AND HIGHLY RECOMMEND YOU TO EVERYONE I KNOW.


 

Loan Application

I suppose you never know if you have a good bank or not till the time you need them. Applying for a loan online I discovered is not the best way of doing it. Messages appear "need more info" on online application and that is it. After several responses from my side to provide "info" no response from the institution. At the end my application was denied, not giving me the chance to provide more information. I will not encourage anybody in using the online options. I'm plain disappointed in Georgia's Own.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Georgia's Own Credit Union had $5.43 million in non-current loans and owned real-estate with $207.85 million in equity and loan loss allowances on hand to cover it. This gives Georgia's Own Credit Union a Texas Ratio of 2.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Georgia's Own Credit Union experienced no significant changes from 2.89% as of March 31, 2013 to 2.61% as of March 31, 2014, resulting in a positive change of 9.59%.This indicates that the balance sheet and financial strength for Georgia's Own Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Georgia's Own Credit Union has increased its total deposits by $48.49 million, resulting in 3.03% 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 Georgia's Own Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Georgia's Own Credit Union has $1.88 billion in assets with $207.85 million in equity, resulting in a capitalization level of 11.04%, which is excellent.

Institution Statistics

Overall
NCUA #67390
Year Chartered1934
Employees355
Primary Regulator
Assets and Liabilities
Assets$1.88 billion
Loans$1.37 billion
Deposits$1.65 billion
Equity Capital$189.06 million
Loan Loss Allowance$18.79 million
Unbacked Noncurrent Loans$5.39 million
Real Estate Owned$40,000
Historic Data - March 2013
Assets$1.80 billion
Equity Capital$175.25 million
Loan Loss Allowance$16.96 million
Unbacked Noncurrent Loans$5.39 million
Real Estate Owned$236,000
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets0.75%
Return on Equity7.46%
Interest Income$14.81 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Georgia's Own Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Georgia's Own Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Health Savings Account
0.18%$100k-Regular Savings Account
0.18%$100k-Holiday Savings Account
0.18%$100k-Golden Bell Savings Account
0.18%--i[save] Account
0.18%--Coindexter Club Savings
0.18%$100k-Club Individual Retirement Savings
0.18%$100k-Club IRA
0.18%$100k-Club Roth IRA
0.18%$100k-Club Education IRA

Georgia's Own Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.33%$500k-Money Market

Georgia's Own Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--All Access Checking Account
0.05%--Golden Bell Checking Account
0.05%--i[check] Account

Georgia's Own Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$50k-5 Year Interest Credited Monthly Certificate
1.05%$50k-5 Year Interest Compounded Quarterly Certificate
0.95%$50k-4 Year Interest Credited Monthly Certificate
0.95%$50k-4 Year Interest Compounded Quarterly Certificate
0.95%$500-55 Month Own Your Rate Savings Certificate
0.85%$500-44 Month Own Your Rate Savings Certificate
0.80%$50k-3 Year Interest Credited Monthly Certificate
0.80%$50k-3 Year Interest Compounded Quarterly Certificate
0.72%$500-33 Month Own Your Rate Savings Certificate
0.65%$50k-30 Month Interest Credited Monthly Certificate
0.65%$50k-30 Month Interest Compounded Quarterly Certificate
0.55%$50k-2 Year Interest Credited Monthly Certificate
0.55%$50k-2 Year Interest Compounded Quarterly Certificate
0.50%$500-22 Month Own Your Rate Savings Certificate
0.35%$50k-1 Year Interest Credited Monthly Certificate
0.35%$50k-1 Year Interest Credited At Maturity Certificate
0.35%$50k-1 Year Interest Compounded Quarterly Certificate
0.20%$50k-6 Month Interest Credited Monthly Certificate
0.20%$50k-6 Month Interest Credited At Maturity Certificate
0.20%$50k-6 Month Interest Compounded Quarterly Certificate

Georgia's Own Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$50k-5 Year Fixed IRA Certificate
0.95%$50k-4 Year Fixed IRA Certificate
0.80%$50k-3 Year Fixed IRA Certificate
0.65%$50k-30 Month Fixed IRA Certificate
0.55%$50k-2 Year Fixed IRA Certificate
0.35%$50k-1 Year Fixed IRA Certificate
0.25%$50k-18 Month Variable IRA Certificate
Locations


Georgia's Own Credit Union Locations
Branch Office1155 Peachtree St NE Ste 400 Suite 400Atlanta, GA 30309-3600
Branch Office500 Springhouse CirStone Mountain, GA 30087
Branch Office4300 Wildwood PkwyAtlanta, GA 30339
Branch Office5985 State Bridge RdDuluth, GA 30097-8208