News
| 2009 Year-End - Monday, April 19, 2010 at 09:44
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During 2009, the national economy has resulted in life-changing implications for almost every American family. This has had an impact on our credit union. Reflecting a national trend of consumers reducing borrowing for all types of purchases, our demand for loans, especially auto loans, was down. But, our members and our credit union have seen both good and bad economic cycles before and we have successfully navigated our way through.
Thrift Credit Union ended 2009 in a very strong financial position. Several years ago we strived to maintain high capital levels and increase loan quality. These proactive steps have placed us in an excellent position during these economic times. We continue to have an extremely high level of capital or reserves; we have high quality loans and assets; we have a high level of liquidity; and we have effective internal expense control.
Our credit union, although small and of limited resources, is service-oriented. While many banks have earned the distrust and displeasure of the public, our credit union is still providing trusted and useful financial services. Today’s national economy presents an opportunity for our credit union to be your trusted partner for prosperity.
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Contact Us |
The Thrift Credit Union
1230 Peachtree St NE
Suite 250
Atlanta, GA 30309
Atlanta: (404) 733-0640
Toll Free: 1-888-THRIFT-2
Fax: (404) 733-0645 |
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