Atlanta, GA 30308
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 1.06% 1.05% →
2-Year CD 1.21% 1.11% →
5-Year CD 1.56% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Powerco is an NCUA insured institution located in Atlanta, GA. It was founded in 1935 and has approximately $179.32 millions in assets.

Who can join?

Membership in Powerco is exclusively for the employees of the following companies:
• Georgia Power Company
• The Southern Company
• Southern Company Services, Inc.
• Southern Nuclear
• Southern Company Energy Solutions
• GenOn Energy, Inc.
• Mississippi Power Company
• Southern LINC
• Select Employee Groups
• Persons Retired from Any of the Above

Family members of Powerco members are also eligible for membership.
The following relatives of a current Powerco member are eligible for credit union membership:
• Spouse or Domestic Partner
• Parents & Step-Parents
• Siblings & Step-Siblings
• Grandparents
• Children • Grandchildren
• Step-Children
• Aunts and Uncles
• Other Relatives

NCUA Insured Yes
Charter Number # # 359
Date Established 1935
Assets $179.32 million
Loans $78.50 million
Deposits $153.81 million
Capital $24.14 million

Field of Membership Restrictions

Must be an employee or retiree of Georia Power Company, The Southern Company, or several related companies.

Deposit Rates - August 8, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.23% $10,000 $14,999 Learn More
3 Mo CD
0.23% $100,000 $199,999 Learn More
6 Mo CD
0.85% $10,000 $14,999 Learn More
6 Mo CD
0.85% $100,000 $199,999 Learn More
12 Mo CD
1.06% $10,000 $14,999 Learn More
12 Mo CD
1.06% $100,000 $199,999 Learn More
18 Mo CD
1.13% $10,000 $14,999 Learn More
18 Mo CD
1.13% $100,000 $199,999 Learn More
24 Mo CD
1.21% $10,000 $14,999 Learn More
24 Mo CD
1.21% $100,000 $199,999 Learn More
30 Mo CD
1.28% $10,000 $14,999 Learn More
30 Mo CD
1.28% $100,000 $199,999 Learn More
36 Mo CD
1.36% $10,000 $14,999 Learn More
36 Mo CD
1.36% $100,000 $199,999 Learn More
48 Mo CD
1.43% $10,000 $14,999 Learn More
48 Mo CD
1.43% $100,000 $199,999 Learn More
60 Mo CD
1.56% $10,000 $14,999 Learn More
60 Mo CD
1.56% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 8, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for POWERCO

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


Below are Powerco branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Powerco Locations

Financial Details

Powerco Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Powerco. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Powerco U.S. Average
1.55% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Powerco had $371,141 in non-current loans and $6,835 in owned assets. To cover these potential losses it had $24,136,807 in net worth and $229,845 in loans loss reserves. That gives it a Texas Ratio of 1.55%.

Net Worth
Powerco U.S. Average
13.46% 13.61%

Powerco FCU has a net worth of 13.46% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Powerco

Branches and Savings

What is Powerco?

A federal credit union, registered with the NCUA under certificate #359.
Learn more about credit unions here.

Is Powerco FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Powerco?

Please see Field of Membership information above for information on who is eligible to join.

What are Powerco's share account and share certificate rates?

Powerco's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Powerco?

Powerco has total capital of $24.14 million. Full information on Powerco's financial position is located above.

Who owns Powerco?

Credit Unions are owned by their members.

Where are Powerco branches located?

See branch locations nearby.

Are Powerco ATMs Open 24/7?

Do Powerco ATMs accept cash deposits?

Can Powerco customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Powerco have a mobile app?

Does Powerco have mobile deposit?

Does Powerco have quick pay?

How can Powerco transfer money to other banks or credit unions?

Does Powerco report to credit bureaus?

Does Powerco use Chexsystems?

Does Powerco use Equifax?

What is Powerco's toll free phone number?

What is Powerco's ACH Routing Number?

What is Powerco's SWIFT code?

Where can I find Powerco's wire transfer form?

What is the Powerco address for deposits?

What Products Does Powerco Offer

Does Powerco offer mortgages?

Compare mortgage rates here.

Does Powerco offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Powerco offer auto and RV loans?

Compare auto loan rates here.

Does Powerco offer student loans or personal loans?

Compare personal loan rates here.

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