ATLANTA, GA – The Southeastern Credit Union Foundation (SECUF) said it is partnering with Georgia’s credit unions and the United Ways of Georgia to launch the ALICE Report Initiative in the Peach State.
“This groundbreaking initiative is the culmination of collaborative efforts by credit unions, who pooled resources to commission the report,” the foundation said.
In February, the SECUF said it convened representatives from credit unions across Georgia along with partners from Georgia United Ways to inaugurate the United for ALICE partnership of Georgia.
“This inaugural meeting marked the inception of a comprehensive initiative aimed at advocating for and fostering collaboration on solutions to enhance financial stability at local, state, and national levels,” the SECUF said. “As part of this ongoing effort, additional meetings and strategy sessions are planned throughout the year to further develop actionable plans and initiatives.”
What the Data Show
The SECUF cited recent data from United For ALICE that found 34% of households in Georgia were classified as ALICE in 2021, while 14% earned below the federal poverty level.
“Despite working multiple jobs, many ALICE households struggle to meet basic needs due to the soaring cost of living, encompassing expenses such as housing, childcare, food, and healthcare,” the organization said.
‘Uplifting Communities’
According to Bobbi Grady, director of SECUF, "The ALICE Report Initiative in Georgia underscores the unwavering commitment of credit unions to uplift the communities they serve.
“Through the collective endeavor to commission this report, Georgia credit unions are proactively addressing the financial challenges faced by ALICE households,” Grady said. “Through data-driven insights and collaborative initiatives, we aspire to drive substantive change and foster a more inclusive financial landscape for all Georgians."
The Supporters
The Georgia credit unions that provided “pivotal support” for the ALICE Report Initiative include:
- Atlanta Postal Credit Union
- CGR Credit Union
- Combined Employees Credit Union
- Coosa Valley Credit Union
- Core Credit Union
- Faith Connection Federal Credit Union
- Family First Credit Union
- Genuine Parts Credit Union
- Georgia United Credit Union
- Georgia's Own Credit Union
- Kinetic Credit Union
- LGE Community Credit Union
- MidSouth Community Federal Credit Union
- North Georgia Credit Union
- Platinum Federal Credit Union
- Robins Financial Credit Union
- Southeastern Credit Union
- Southern Pine Credit Union
- Valdosta Teachers Federal Credit Union
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