WASHINGTON — The new chairman of CUNA called on credit unions to adjust their non-profit/pro-service message to one more closely aligned to the times.
Mike Mercer, president/CEO of Georgia Credit Union Affiliates, has been named chairman of CUNA.
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Saving for a rainy day continues to be a top priority for some Georgia credit union members.
Nearly 47% say they plan to spend less this season, according to the Georgia Credit Union Affiliates.
From auto lending to small business loans, Georgia’s credit unions are helping members adopt a “new normal” lifestyle of saving and frugality.
Georgia members are opting to keep their current vehicles longer rather than pay for a new or used automobile.
Skittish about the cost of a new or used automobile, 77.1% of Georgia credit union members keeping vehicles longer.
More consumers joined credit unions in Georgia in 2010 and increased their savings at the cooperatives, the Georgia Credit Union Affiliates said today.
While Georgia's credit union members are working to build a buffer of savings by cutting back on expenses and delaying large purchases, they are still unprepared to deal with any further financial setbacks.