Georgia Credit Union Hits $3 Billion Milestone

Robins Financial Credit Union said last week that it now manages $3 billion in assets, up from the $2.8 billion in assets the Warner Robins, Ga.-based financial cooperative posted at the end of the first quarter.

In three of the last five years, 2015 to 2019, Robins Financial had double-digit loan growth, according to NCUA financial performance reports.

At the end of 2020’s first quarter, however, the credit union recorded loan growth of only1.05% compared to 5.70% at the end of last year’s first quarter, NCUA financial performance reports show.

Robins Financial’s membership has increased from 4.23% in 2015 to 7.75% in 2017 and 2018. Last year, the credit union grew membership by 5.82%, above the 3.98% peer average mark, according to NCUA financial performance reports.

Over the last five years, the credit union’s ROAA hit a high of 1.97% in 2016 and stood at 1.34% at the end of the first quarter, considerably higher than the peer average of 0.90%.

“We are grateful to our members for continuing to put their trust in us all of these years. We couldn’t have accomplished this success without them,” John Rhea, president/CEO of Robins Financial CU, said in a prepared statement.

Rhea, who planned to retire in March, agreed to postpone his retirement because of the coronavirus.

With 450 employees who work at 22 branches, the credit union serves more than 217,000 members across 40 counties.