Georgia CU Gets New Power FromNCUA

Register now

ATLANTA - (04/12/05) -- Georgia Power FCU, the multiplegroup credit union chiefly sponsored by the sprawling electricutility, was granted approval to serve all employees in theelectric power industry in 11 southern states, the first TIP(trade, industry or profession) charter provided for a publicutility industry, NCUA said Monday. The TIP charter will allow the$65 million credit union to serve anyone who works in the electricpower generating, transmission or distribution business in Georgia,Tennessee, Virginia, Alabama, Arkansas, Florida, North Carolina,South Carolina, Mississippi, Louisiana and Kentucky. It is just thefourth TIP charter granted by NCUA through the first three monthsof 2005.

For reprint and licensing requests for this article, click here.