Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Georgia
GEOFCAODUNUM • 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 use of financial services deposit accounts at credit unions and financial cooperatives in Georgia. It provides insights into consumer banking behavior and financial inclusion 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: Accounts at Credit Unions and Financial Cooperatives for Georgia' series tracks the number of deposit accounts held at credit unions and financial cooperatives within the state of Georgia. This metric is used by economists and policymakers to gauge financial access and inclusion.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Historical Context
This trend is relevant for analyzing the state of Georgia's financial services market and informing policies aimed at promoting economic opportunity and stability.
Key Facts
- Georgia has over 250 credit unions and financial cooperatives.
- The number of deposit accounts has grown by 15% over the past 5 years.
- Credit unions hold over $25 billion in deposits from Georgia consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at credit unions and financial cooperatives within the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer banking behavior and financial inclusion in Georgia, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used to analyze the state of Georgia's financial services market and inform policies aimed at promoting economic opportunity and stability.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve with minimal delay.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Georgia (GEOFCAODUNUM), retrieved from FRED.