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SAVANNAH, Ga. — Last year nearly mirrored 2005′s data when it came to the number of members and credit unions in Georgia, but the peach state is poised to take advantage of a number of areas that could open up more growth opportunities.

Mike Mercer, president/CEO of Georgia Credit Union Affiliates, gave a state of the state address at the league’s annual convention here at the Westin Savannah Harbor Golf Resort & Spa held May 16-19. Georgia has approximately 180 credit unions with 1.7 million members comprising 18% of the state’s population. Combined, Georgia’s credit unions have $12 billion in assets. Capital is “a tad heavy” at 14.6%, Mercer said. Loans topped the $7 billion mark in 2006 while savings totaled $10 billion.

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