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.
For most credit unions in the metropolitan Atlanta area and North Georgia, the snow and now dangerous icy road conditions has led to many closing shop for today.
Mirroring a trend seen in 2009, Georgia credit union members said they plan to spend about the same as last year during the holiday season.
Carter Federal Credit Union, Springhill, La., held its third annual St. Jude hamburger fundraiser at the Springhill Wal-Mart in August.
In advance of the Nov. 2 elections, CUNA is stepping up its grassroots advocacy with what it calls a refined "partisan communication" campaign aimed at bringing more direct involvement by CU members with candidates.