Credit unions are in the risk business. If you don't take risk, you go out of business. It's as simple as that. However, take too much risk and you go out of business, too.
The recent attention on state budget cuts and their impact on financial oversight turned to Georgia last week as the state's top regulator and Georgia Credit Union Affiliates lamented the loss of examiners.
The head of Georgia Credit Union Affiliates weighed in on the growing national concern over examiner shortages citing frustrations over mandated cutbacks and funding inequities.
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.
While Georgia credit unions had better average rates on car loans, the state's banks offered better deals on their 15- and 30-year mortgages.