Overview / Commentary
MyGeorgia Credit Union is headquartered in Gainesville and is the 27th largest credit union in the state of Georgia. It is also the 1,426th largest credit union in the nation. It was established in 1971 and as of December of 2020, it had grown to 46 employees and 17,218 members at 7 locations. MyGeorgia Credit Union has an A 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
A
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68602 |
| Year Chartered | 1971 |
| Employees | 46 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 4.09% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $145.5MM$90.9MM |
| Loans | Q4 2020vs Q4 2019 | $80.1MM$65.3MM |
| Deposits | Q4 2020vs Q4 2019 | $130.5MM$80.5MM |
| Equity Capital | Q4 2020vs Q4 2019 | $13.1MM$9.1MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $270.00K$217.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $487.00K$527.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |