From auto lending to small business loans, Georgia's credit unions are helping members adopt a "new normal" lifestyle of saving and frugality.
The 2011 REAL Deal Outreach Report highlights the impact credit unions in Georgia made in 2010 to provide products and services to improve the lives of consumers with middle-class aspirations, according to the Georgia Credit Union Affiliates, which published the findings.
Some of the report's findings include 84% of credit unions offered used vehicle loans for low-credit score borrowers. Members saved an average of $180 per year on interest expense when financing a $25,000 new auto for 60 months at a credit union compared to a banking institution in Georgia.
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