DULUTH, Ga. — Georgia Credit Union Affiliates has tracked anumber of credit unions across the state that are helping membersstay afloat in the midst of a tidal wave of high gas prices, risingfood costs and other recession-like signs.

|

The $17 million Etowah Valley FCU has a short-term loan formembers to help pay for back to school supplies as well as a loanproduct that cuts payments in half for six months for those whohave lost their jobs. Members at $57 million CSRA FCU canrestructure their accounts, including certificates and sharestotaling more than $100,000, free of any withdrawal fees.

|

Lifestyle hardships such as a divorce or medical emergencies arebeing eased by $21 million Georgia Power Valdosta FCU, which isallowing its members to skip one payment once they have made threeconsecutive payments on auto and signature loans.

|

“No matter your income, everyone is feeling the squeeze of theeconomy these days,” said Mike Mercer, president of Georgia CreditUnion Affiliates. “Credit unions are owned by their members, whoare everyday people trying to make ends meet. So they operatespecifically for the benefit of the members.”

|

According to the league, 1.7 million Georgians are members ofcredit unions.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.