Georgia CUs Out Front on Most Rates; Banks Take Mortgage Lead
Banks in Georgia appear to have offered better average rates on 15- and 30-year mortgages as credit unions take the lead on car loan rates.
That's according to the Georgia Credit Union Benefits Index, which is based on data collected during December 2009 from more than 160 CUs and banks compiled through rate tracking firm Datatrac. Georgia's banks had better average rates on their mortgages at 4.66% on 15-year mortgages and 5.07% on 30-year mortgages. The state's CUs offered average rates of 5.32% and 5.69%, respectively, the tracking index from the Georgia Credit Union Affiliates revealed.