Powerco

241 Ralph Mcgill Blvd, Ne
Atlanta, GA 30308

Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 359
Date Established 1935
Assets $178.01 million
Loans $69.16 million
Deposits $154.82 million
Capital $22.54 million

Powerco is an NCUA insured institution located in Atlanta, GA. It was founded in 1935 and has approximately $178.01 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

Field of Membership Restrictions

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

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $2,500 - Learn MoreShow Less
6 Mo CD 10K
0.20% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.30% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.03% $2,500 $14,999 Learn MoreShow Less
MM 25K
0.05% $15,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

There are currently no rates available for POWERCO

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Branches

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:
Ashburn,Virginia


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
0.49% 7.80%

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. As of December 31, 2016, Powerco had $111,566 in non-current loans and $0 in owned assets. To cover these potential losses it had $22,542,509 in net worth and $113,470 in loans loss reserves. That gives it a Texas Ratio of 0.49%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a credit union has to absorb its loan losses.

Net Worth
Powerco U.S. Average
12.85% 13.06%

Powerco FCU has a net worth of 12.85% versus the BestCashCow average of 13.06%. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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