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Altamaha Credit Union

Overview
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Altamaha Credit Union is a federal credit union based in Jesup, Georgia. It has been opened since 1955, for 65 years.

With around $56,020,000 in assets, Altamaha Credit Union is considered to be an average size credit union. It has 3 branches and 3 ATM locations.

About
Address Po Box 490
Jesup, Georgia 31598
Website http://www.altamaha.org
Phone (912) 427-8924
Fax (912) 427-6843
CEO Cheryl Spires
President of the Board John Swingle
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
9,431 members
Membership type: Community credit union
Above average number of members
401:1
Credit union member to staff ratio
401 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$56,015,713
Total assets
Average size
3 branches
Compared with an average of 4 nationally and 4 in Georgia
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 4 in Georgia
Above average number of branches
Altamaha Credit Union Branch Locations

Altamaha Credit Union: 407 S. 1st Street
407 S. 1st Street
Jesup, Georgia 31545
ATM Available
Altamaha Credit Union: Ludowici Branch
442 E. Cypress Street
Ludowici, Georgia 31316
ATM Available
Altamaha Credit Union: Screven Branch
217 W. Jl Tyre Street
Screven, Georgia 31560
ATM Available
Members
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9,431 members
Membership type: Community credit union
Above average number of members

With 9,431 members, the Altamaha Credit Union is considered to be a large credit union. It is larger than 69% of credit unions.

Fees
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$53
Average fee per member
The average fee per member at the Altamaha Credit Union is $53, which is comparable to most credit unions. This rate is lower than 47% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Altamaha Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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401:1
Credit union member to staff ratio
401 per each FTE employee
Compared to 411:1 nationally
Average number of staff
24 staff members
FTE (full-time equivalent)
12% of employees are part-time
22 full-time, 3 part-time

Altamaha Credit Union has 22 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 88% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Altamaha Credit Union has around 401 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$56,015,713
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
16.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$9,342
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 43% of credit unions.

Altamaha Credit Union holds a total of $35,140,000 in loans and leases, which is about $9,342 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Altamaha Credit Union pays 0.25%.

Loan rates
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8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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8.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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