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Overview / Commentary
1067 Mize Rd
Toccoa, GA 30577-5845

North Georgia Credit Union is headquartered in Toccoa and is the 46th largest credit union in the state of Georgia. It is also the 2,310st largest credit union in the nation. It was established in 1991 and as of March of 2014, it had grown to 22 employees and 8,156 members. North Georgia Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a resident of Stephens, Franklin or Hart County or be an employee of one of the several Select Employee Groups (SEGs). - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. North Georgia Credit Union has a low asset base.

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 North Georgia Credit Union had $365,000 in non-current loans and owned real-estate with $5.22 million in equity and loan loss allowances on hand to cover it. This gives North Georgia Credit Union a Texas Ratio of 6.99% 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 North Georgia Credit Union experienced no significant changes from 6.32% as of March 31, 2013 to 6.99% as of March 31, 2014, resulting in a negative change of 10.53%. This indicates that the balance sheet and financial strength for North Georgia Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, North Georgia Credit Union has increased its total deposits by $1.82 million, resulting in 4.3% 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 North Georgia 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. North Georgia Credit Union has $49.46 million in assets with $5.22 million in equity, resulting in a capitalization level of 10.56%, which is above average.

Institution Statistics

NCUA #67395
Year Chartered1991
Primary Regulator
Assets and Liabilities
Assets$49.46 million
Loans$38.13 million
Deposits$44.11 million
Equity Capital$4.85 million
Loan Loss Allowance$372,000
Unbacked Noncurrent Loans$234,000
Real Estate Owned$131,000
Historic Data - March 2013
Assets$47.17 million
Equity Capital$4.36 million
Loan Loss Allowance$402,000
Unbacked Noncurrent Loans$234,000
Real Estate Owned$150,000
Profit Margin - Quarterly
Net Interest Margin1.6%
Return on Assets0.95%
Return on Equity9.73%
Interest Income$620,000
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North Georgia Credit Union Savings Account Rates

0.30%$25-Roth IRA Savings Account
0.10%$25-Regular Share/Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account

North Georgia Credit Union Checking Account Rates

0.05%--Share Draft/Checking Account

North Georgia Credit Union CD Rates

1.01%$500-36 Month Share CD
0.75%$500-24 Month Share CD
0.40%$500-12 Month Share CD
0.20%$500-6 Month Share CD

North Georgia Credit Union IRA Rates

1.01%$500-36 Month IRA
0.75%$500-24 Month IRA
0.40%$500-12 Month IRA
0.20%$500-6 Month IRA

North Georgia Credit Union Locations
Branch Office11823 Augusta Rd Ste 1Lavonia, GA 30553-1289
Branch Office249 E Franklin StHartwell, GA 30643
Branch Office1067 Mize RdToccoa, GA 30577-5845