Overview / Commentary
241 Ralph McGill Blvd NE
Atlanta, GA 30308-3374

Powerco Federal Credit Union is headquartered in Atlanta and is the 20th largest credit union in the state of Georgia. It is also the 1,119th largest credit union in the nation. It was established in 1935 and as of September of 2018, it had grown to 33 employees and 18,260 members at 8 locations. Powerco Federal Credit Union has an A health rating.

Field of Membership Restrictions

Must be an employee or retiree of Georia Power Company, The Southern Company, or several related companies.
See current membership details

Reviews (1)

Sort of small and old-school, one bad experience taints the rest

This credit union serves employees of one of the power companies in the Southeast. There were more branches in the mid 1990s when I joined, and it does seem like quite often members are required to physically go to a branch for certain transactions. Their website and mobile access has always seemed a little dated, but the employees are generally somewhat knowledgeable and very friendly. Their member communications are fun and a little hokey (simple old-time graphics for example) but their rates and products seem fairly competitive. However, I stopped receiving communication from this credit union when I moved, even though all my other financial institutions had no problem finding me. Years later, I received a letter out of the blue that they were closing my account and turning my money over to the state. Getting access to those funds took many phone calls and e-mails, and then a week later all the money was yanked out of my savings accounts for "misc fees". That was indeed disappointing - especially after going through all the effort to re-activate the account!!!


Health Grade Components

NCUA #359
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.05%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$181.3MM$184.4MM
LoansQ3 2018vs Q3 2017$73.9MM$71.3MM
DepositsQ3 2018vs Q3 2017$157.0MM$160.8MM
Equity CapitalQ3 2018vs Q3 2017$23.9MM$23.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$169.00K$101.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$164.00K$233.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Powerco Federal Credit Union Savings Account Rates

0.05%$5-Share Savings Account
0.05%$5-Secondary Share Savings Account
0.05%$25-Christmas Club Account

Powerco Federal Credit Union Money Market Rates

0.10%*$150k*-Money Market Account
OTHER TIERS: 0.03% $2.5k - $15k | 0.05% $15k - $50k | 0.08% $50k - $150k

Powerco Federal Credit Union Checking Account Rates

0.05%$50-PowerChek Checking Account

Powerco Federal Credit Union CD Rates

0.95%$500-60 Months CD
0.75%$500-48 Months CD
0.65%$500-36 Months CD
0.55%$500-30 Months CD
0.45%$500-24 Months CD
0.35%$500-18 Months CD
0.25%$500-12 Months CD
0.20%$500-6 Months CD
0.05%$2.5k-91 Days CD
0.05%$5k-31 Days CD

Powerco Federal Credit Union IRA Rates

0.95%$500-60 Months IRA
0.80%$500-48 Months IRA
0.70%$500-36 Months IRA
0.60%$500-30 Months IRA
0.50%$500-24 Months IRA
0.40%$500-18 Months IRA
0.30%$500-12 Months IRA

Powerco Federal Credit Union Locations
Branch Office285 Newton Bridge RdAthens, GA 30607
Branch Office3101 Kilowatt DrSavannah, GA 31405-1647
Branch Office2500 Patrick Henry PkwyMcDonough, GA 30253
Branch Office2135 Roswell RdMarietta, GA 30062-3814
Branch Office62 Lake Mirror Rd Bldg 12Forest Park, GA 30297
Branch Office30 Ivan Allen Jr Blvd NWAtlanta, GA 30308
Branch Office241 Ralph McGill Blvd NEAtlanta, GA 30308-3374
Branch Office2207 17th StGulfport, MS 39501-2910

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