Credit Union of Georgia

Overview

The Credit Union of Georgia is a state-chartered credit union based in Northwest Georgia. It operates as a financial cooperative, serving members in 13 counties. While not a typical nonprofit, it is designated as a 501(c)(14) organization, which means donations are not tax-deductible[3].

History

Founded in 1960, the Credit Union of Georgia was initially established to serve Cobb and Marietta City School System employees and their families. Over time, it has expanded its membership and geographical reach within Northwest Georgia[4].

Community Involvement

The Credit Union of Georgia is deeply involved in community activities. It supports local schools and nonprofit organizations, exemplifying its commitment to serving the community through financial solutions and guidance. In recent years, it has donated over $100,000 to local charities and volunteered over 650 hours annually[2][4]. The Credit Union also organizes and participates in various community events, including food drives, coat drives, and pet supply collections[5].

Credit Union of Georgia Community Foundation

In a significant move to enhance its community impact, the Credit Union of Georgia launched the Credit Union of Georgia Community Foundation. This initiative is designed to support individuals, schools, non-profits, and community organizations through charitable giving, volunteerism, and strategic partnerships. The Foundation aims to build stronger communities by providing resources and enhancing educational opportunities[1][5].

Leadership and Governance

The Credit Union of Georgia is led by a leadership team that includes a President/CEO, Chief Operating Officer, Chief Financial Officer, and other executive members. The Credit Union of Georgia Community Foundation operates with a volunteer Board of Directors, which includes key Credit Union executives[1].

Revenue and Expenses

As of recent financial reports, the Credit Union of Georgia derives most of its revenue from program services and investment income. Its expenses include executive compensation, salaries and wages, and other operational costs[3].

[1] https://cuofga.org/credit-union-of-georgia-announces-launch-of-credit-union-of-georgia-community-foundation/ [2] https://cuofga.org/credit-union-of-georgia-donates-over-100000-to-local-charities-in-2022/ [3] https://projects.propublica.org/nonprofits/organizations/586034116 [4] https://cuofga.org/your-community-your-credit-unioin/ [5] https://cuofga.org/foundation/