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Georgia Credit Unions Fire Up Safety Ads After Fifth Bank Failure

ATLANTA -- Credit unions here joined by Georgia Credit Union Affiliates were again ramping up safety and soundness campaigns in the wake of the state's fifth bank failure, the second this month.

By Jim Rubenstein | Updated on December 14, 2008

ATLANTA — Credit unions here joined by Georgia Credit Union Affiliates were again ramping up safety and soundness campaigns in the wake of the state’s fifth bank failure, the second this month.

“Our goal is not to take advantage of banking’s troubles down here but to continue our own message that we’re safe and the source for loans,” declared Kelly Gamon, vice president of marketing at $1.2 billion Georgia’s Own CU, as local media splashed news over the weekend of the failure of the $572 million Haven Trust Bank of Duluth, taken over by BB&T Bank of Winston-Salem, N.C. under an FDIC purchase deal.

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