Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Georgia
GEOFCAODUHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-99.65%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the number of household deposit accounts at credit unions and financial cooperatives in Georgia. It provides insights into the use of basic financial services by households in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Georgia data series tracks the total number of deposit accounts held by households at these types of financial institutions in the state. This metric is useful for analyzing access to and usage of fundamental banking services by Georgia residents.
Methodology
The data is collected through surveys of credit unions and financial cooperatives operating in Georgia.
Historical Context
Policymakers and market analysts use this trend to understand household financial inclusion and the role of community-based financial institutions.
Key Facts
- Georgia had over 2 million household deposit accounts at credit unions and financial cooperatives as of the latest data.
- Credit unions and cooperatives provide essential financial services to many Georgia households.
- Deposit account usage data helps track access to basic banking for consumers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at credit unions and financial cooperatives located in Georgia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into household access and usage of fundamental banking services in Georgia, which is important for understanding financial inclusion and the role of community-based financial institutions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of credit unions and financial cooperatives operating in the state of Georgia.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor household financial inclusion and the role of community-based financial institutions in providing banking services.
Q: Are there update delays or limitations?
A: There may be some delay in data updates, as the information is collected through surveys of financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Georgia (GEOFCAODUHNUM), retrieved from FRED.