Powerco Federal Credit Union
Our records indicate that this credit union has been acquired by APCO EMPLOYEES.
Headquarters
241 Ralph Mcgill Blvd, Ne
Atlanta, GA 30308
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2024 Overview
General Credit Union Information
Powerco is an NCUA insured institution located in Atlanta, GA. It was founded in 1935 and has approximately $195.87 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 / Federally Chartered |
| Charter Number # | # 359 |
| Date Established | 1935 |
| Assets | $195.87 million |
| Loans | $86.80 million |
| Deposits | $175.08 million |
| Capital | $25.25 million |
Field of Membership Restrictions
Must be an employee or retiree of Georia Power Company, The Southern Company, or several related companies.
Deposit Rates - November 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $500 | - |
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|
| 12 Mo CD
|
0.80% | $500 | - |
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|
| 18 Mo CD
|
0.88% | $500 | - |
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|
| 24 Mo CD
|
0.95% | $500 | - |
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|
| 30 Mo CD
|
1.28% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
1.28% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.01% | $500 | - |
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|
| 48 Mo CD
|
1.18% | $500 | - |
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|
| 60 Mo CD
|
1.31% | $500 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 25, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.356% | 6.250% | 0.63 | $3,600 | $1,971 | Learn More |
NMLS ID: 66247 |
6.452% | 6.375% | 0.75 | $2,586 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.710% | 6.625% | 0.63 | $2,818 | $2,049 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR 10.625 % After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to Powerco
To upload and update your bank's rates please register.
It is free to register and add rates.
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:
Columbus,Ohio
Powerco Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 413.74 | A | View Lobby Hours | |
| 421.62 | B | View Lobby Hours | |
| 434.48 | C | View Lobby Hours | |
| 434.49 | D | View Lobby Hours | |
| 443.83 | E | View Lobby Hours | |
| 451.15 | F | View Lobby Hours | |
| 555.15 | G | View Lobby Hours | |
| 737.09 | H | View Lobby Hours |
Climate Policy and Initiatives
POWERCO is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 0.34% | 5.83 |
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 June 30, 2024, Powerco had $64,377 in non-current loans and $22,600 in owned assets. To cover these potential losses it had $25,252,457 in net worth and $224,909 in loans loss reserves. That gives it a Texas Ratio of 0.34%.
Net Worth
| Powerco | U.S. Average |
|---|---|
| 12.89% | 13.93% |
Powerco FCU has a net worth of 12.89% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Powerco
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