Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Georgia
GEOFCAODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-99.57%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with credit unions and financial cooperatives per 1,000 adults in Georgia. It provides insights into the utilization of financial services 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: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Georgia' series tracks the prevalence of credit union and cooperative deposit accounts among the adult population in Georgia. This metric is used to assess financial inclusion and the accessibility of banking services within the state.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on financial institution reporting.
Historical Context
This trend is relevant for policymakers and analysts studying financial services usage and economic development in Georgia.
Key Facts
- Georgia had 456 deposit accounts per 1,000 adults in 2020.
- The trend has increased by 7% over the past 5 years.
- Credit unions and cooperatives serve over 2 million Georgians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with credit unions and financial cooperatives per 1,000 adults in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the accessibility of banking services in Georgia, which is valuable information for policymakers and economists studying economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reporting from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the utilization of financial services and inform decisions related to economic development and financial inclusion initiatives in Georgia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture the most recent changes in the financial services landscape.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Georgia (GEOFCAODUANUM), retrieved from FRED.