Credit Unions vs Payday Loans in Georgia

72 credit unions are headquartered in Georgia, with 2,300,600 members in total. 38 are federal credit unions and 34 are state-chartered; all are federally insured by the NCUA.

Credit unions

72

Members

2.3M

Federal

38

State-chartered

34

Members per 100 people

21

CUs per 100k people

0.7

Credit unions vs payday loan stores in Georgia

Georgia has 538 payday, installment and title loan stores but only 72 credit unions headquartered here — about 7.5 loan stores for every credit union. Local credit unions count 2,300,600 members — roughly 21 memberships per 100 residents.

Biggest loan store chains in Georgia: TitleMax (171), 1st Franklin Financial (117), Security Finance (76), OneMain Financial (61), Lendmark Financial Services (57).

Borrowing $500 for 6 months in Georgia

Monthly payment at the Georgia rate cap vs median monthly household income

1.3%

Example calculation with fixed monthly payments; the payday row shows typical out-of-state pricing for comparison. Actual rates and terms vary by lender.

What it means for a household in Georgia

Median household income

$79,251

A $400 emergency equals

1.8 days of income

Households earning under $25,000

15.7%

Residents below the poverty line

13.6%

Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Georgia are population-weighted and approximate. Hours of work are based on the median individual income.

Payday loans vs credit union PALs: the rules in Georgia

Payday rules: Georgia law as summarized on our Georgia payday page. PAL rules: National Credit Union Administration (NCUA) rules for federal credit unions (PAL I and PAL II); state-chartered credit unions may offer similar small loans.

Credit unions by city in Georgia

Credit unions are headquartered in 38 cities and towns across Georgia. Pick a city for addresses and websites, or scroll down for the smaller towns.

• Atlanta · 8
• Macon · 7
• Savannah · 6
• Valdosta · 4
• Columbus · 3
• Norcross · 3
• Warner Robins · 3
• Brunswick · 2
• Duluth · 2
• Marietta · 2
• Augusta · 1
• Decatur · 1
• Fayetteville · 1
• Gainesville · 1
• Lawrenceville · 1
• Newnan · 1
• Rome · 1
• Statesboro · 1
• Woodstock · 1

All credit unions in Georgia

Credit unions in smaller towns of Georgia

Other cities and towns in Georgia where credit unions are headquartered, and how many there are in each.

• Chickamauga 1
• Coosa 1
• Cordele 1
• Douglas 1
• Elberton 1
• Hapeville 1
• Hinesville 1
• Jesup 2
• Lake Park 1
• Leesburg 1
• Lindale 1
• Moultrie 1
• Nashville 1
• Oakwood 1
• Oglethorpe 1
• Reynolds 1
• Toccoa 4
• Tucker 1
• Waycross 1