Overview / Commentary
MyGeorgia Credit Union is headquartered in Gainesville and is the 21st largest credit union in the state of Georgia. It is also the 1,198th largest credit union in the nation. It was established in 1971 and as of June of 2022, it had grown to 49 employees and 21,070 members at 8 locations. MyGeorgia Credit Union has a B+ health rating.
Reviews (1)
Worst.Bank.Ever
Posted by: sparkle19 | Nov 8, 2019
Terrible banking app, no Saturday hours, overzealous fraud protection, sorely lacking in the tech department. No problems with this bank until you have a problem with something, then it takes an act of God to get your money back or your problem fixed. I will be closing my accounts shortly and moving to a more reliable institution.
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68602 |
| Year Chartered | 1971 |
| Employees | 49 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 9.6% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $218.3MM$188.0MM |
| Loans | Q2 2022vs Q2 2021 | $104.0MM$88.0MM |
| Deposits | Q2 2022vs Q2 2021 | $199.2MM$171.1MM |
| Equity Capital | Q2 2022vs Q2 2021 | $16.5MM$15.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $346.00K$279.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $558.00K$385.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |