DULUTH, Ga.—Credit unions in Georgia provided their members with direct benefits of more than $125.2 million from October of 2013 through September of 2014, according to the semi-annual Member Benefits Index (MBI) released by Georgia Credit Union Affiliates.
The GCUA cited as an example a credit union member with a $20,000 four-year used car loan who would save an average of $367 over the life of that loan versus what they would pay for the same loan at a typical bank.
According to the GCUA, the MBI also reports credit union membership in Georgia continues to climb. After a 2.3% increase in 2013, membership was up another 2.8% in 2014, having surpassed the two-million mark midyear.
"It's true members definitely save money when they conduct their business with credit unions," said Mike Mercer, president and CEO of GCUA, in a statement.
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