e Next 75 Years

Georgia’s Own at a Glance

Georgia’s Own 75 Year Timeline

Letter to Our Members

Charlotte S. Ayers Quote

2009 Highlights

Board Photos

Financials

Products & Services

Contact Information

Branch Locations

Upcoming 2010 Events

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Page 14

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Page 15

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Table of Contents

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Georgia’s Own Credit Union is a full service, not-for-proQtQnancial institution founded in 1934. With nearly 150,000members and $1.5 billion in assets, Georgia’s Own is one ofthe strongest, largest and most trusted Qnancial institutionsin the state.

In addition to 439 premier partners served by Georgia’sOwn, residents of Chatham, Cherokee, Cobb, DeKalb, Douglas,Effingham, Forsyth, Fulton, Gwinnett, Hall, Richmondand Rockdale Counties are parts of the Credit Union’s Qeldof membership. The Credit Union is the oPcial partner ofthe Atlanta Thrashers, as well as Junior Achievementof Georgia.

Georgia’s Own currently has 21 branch locations, providesfree, 24/7 home banking, phone service and bill pay,features a comprehensive call center and oOers 50,000 plussurcharge-free ATMs. The Credit Union is also part of the CUService Center Network, which enables members toconduct their credit union transactions at 3,942 locations

throughout the country. Deposits at Georgia’s Own arefederally insured by NCUA for up to $250,000 withretirement accounts being insured separately up to thesame limit.

Much of the Credit Union’s resources are organized aroundfostering innovation, providing continuous learningopportunities, developing lifelong relationships withmembers, proactively identifying new market opportunities,ensuring financial stability and exemplifying social andenvironmental responsibility. Beyond these guiding principles,the Credit Union operates according to the following coretenets:

We Stand for the Prosperity of Our Members.We Stand for Unmatched Service; andWe Stand for a Healthy Planet.

For more information on Georgia’s Own Credit Union, visitgeorgiasown.org.

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Georgia’s Own Credit Union at a Glance

1930’s 1940’s 1950’s 1960’s

1934

▲

First known as Atlanta

Telco, Georgia’s Own

Credit Union was

founded by a group of

telephone company

employees with an

initial investment of

$160, eight members and

a simple philosophy of

people helping people.

75 Years Strong

▲

Atlanta Telco consisted of 2,297 members

and an asset size of $240,326. Under a

new charter, Atlanta Telco was renamed

Georgia Telco Credit Union. By the late 1940’s,

Georgia Telco’s asset size was $1,296,768 and

membership had grown to over 6,000.

1944

▲

1955

Due to rapid growth, Georgia Telco

moved from the small oPce space

on Auburn Avenue to the Hurt

Building.

▲

1967

By the late 60’s membershipwas 20,631 and assetsclimbed to $21,383,045.

4

1970’s 1980’s 1990’s 2000’s

1976

▲

Insured savings was introduced,

allowing member savings to

be insured to $40,000. During

this decade, membership numbers

grew to 33,934 and assets to

$91,083,270. Georgia Telco

opened its Qrst branch at 125

Perimeter Center.

▲

Georgia Telco’s asset size reached $100 million. In1981, Georgia Telco’s main off ices were movedfrom the Hurt Building to Southern Bell Center andChecking Accounts and Savings Certificates wereadded to the Credit Union’s l ist of products andservices. In 1984 assets exceeded $200 million.

1981

▲

1999

Loan OPcer and Mortgage Departments were

formed, and Georgia Telco relocated to the

Campanile Building. In 1999, Georgia Telco

partnered with over 135 companies to oOer the

beneQt of Credit Union membership with over

70,000 members and 13 branch offices.

Celebrating its 65th Anniversary, Eloise Woods,

the President and CEO, retired after 52 years of

service, and Charlotte S. Ayers was named

President and CEO of the then $690 million

dollar credit union.

▲

2007

In 2005, with 439 premier partners, the Credit Union expanded its field ofmembership to serve more people than any other time in history. To reRectchanges in the credit union industry, Georgia Telco became Georgia’s Own CreditUnion in 2007. By 2009,Georgia’s Own Credit Union soared to $1.5 billion inassets and close to 150,000 members with 21 branch locations. Today Georgia’sOwn is one of the largest credit unions in the state.

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Dear Member,

The capacity to weather economic downturn is as important today as it was in 1934 when the CreditUnion Qrst began and when our nation was in economic turmoil. In fact for 75 years, Georgia’s Own hasconsistently demonstrated its ability to navigate through changing economic and business conditions- -emerging resilient, adaptable and squarely focused on operating in the best interest of our members.This aptitude has, over time, allowed our organization to meet changing market forces, while creatingnew solutions to help our members succeed, and ultimately contributed to our reputation as one of theoldest, largest and most trusted Qnancial institutions in the state.

As we embark on the next 75 years, we not only celebrate the strength of the vision of our founders, butwe also aPrm our commitment to continue to build a legacy of service and responsibility. During theseeconomically challenging times, such a promise is especially powerful, as people have experiencedan increased reliance on tangible value and trusted solutions.

In 2009, our approach to providing these critical needs was basic and straight forward -- we simplycontinued to adhere to our core principles articulated in our brand tenets: We Stand for the Prosperityof our Members, We Stand for Unmatched Service, and We Stand for a Healthy Planet. By channeling ourdecisions through these important Qlters, Georgia’s Own Credit Union not only experienced recordgrowth in 2009, we more importantly demonstrated why we continue to be a trusted advisor and friendto the consumer.

Extraordinary Times . . . Extraordinary Growth

With a healthy capital position, expansive distribution channels and a corporate culture of excellence,Georgia’s Own Credit Union is known as a strong and valuable partner. As such, we were pleased towelcome both Retail Employees Credit Union and GPC Credit Association to the Georgia’s Own CreditUnion family in 2009. In addition to the expanded branch network enabled by these mergers, the CreditUnion enhanced its service span by opening a new, full service Douglasville facility. We also brokeground on a new state-of-the-art location in Grayson and continued to broaden our product/serviceline in 2009 to maximize convenience, security and value to our members. In addition to adding 49premier partners to our field of membership during the year, Georgia’s Own welcomed residents ofDouglas, Richmond and EPngham Counties to the Credit Union family. During the year, as a result of poor economicconditions, our federal regulator, NCUA, implemented the Corporate Stabilization Plan to ensure corporatecredit unions had the funds needed to manage through the economic recession and meet their regulatorycapital requirements. Corporate credit unions are wholesale Qnancial institutions that provide lendingand depository services to the country’s 7,800 retail credit unions, including Georgia’s Own, on abusiness-to-business basis. Because the ongoing health of corporate credit unions is important to theentire retail credit union system, credit unions were required to inject capital into the corporate system.While the write down of this signiQcant expense in 2009 caused declines in both capital and income,our Qnancial strength allowed us to absorb this unanticipated cost and moreover continued to fuel ourgrowth momentum. SpeciQcally, membership growth soared to an all time high of 148,748, up 23%from 2008. Likewise, outstanding loan balances rose to $777,570,743, up 9.9%, and assets climbedto $1,518,221,119 at yearend, up 22.3%. While this level of growth is indicative of a strong brand,it also yields direct beneQt to our membership since, as a not-for-proQt collaborative, the more people thattake advantage of credit union membership, the greater the beneQt.

The Credit Union also launched a bold new initiative for young people known as i[x]ga in 2009.This progressive program takes financial literacy seriously, delving not only into the crux of financial

Letter to Our Members

6

7

illiteracy, but also honing the power of social media for an exponential impact. As a result of the scopeand purpose of this creative program, Georgia’s Own was honored to be named the oPcial partner ofJunior Achievement of Georgia and scored high proQle interviews for the i[x]ga magazine, including popsensation, Justin Bieber, baseball pro, Brian McCann and Atlanta Thrashers forward, Jim Slater.

Beyond our Qnancial strength, our enhanced infrastructure and the unsurpassed growth experienced in2009, Georgia’s Own remained true to its mission of helping others succeed. In fact, in a time when otherorganizations cut back on charitable giving, Georgia’s Own ramped up its philanthropic efforts,participating in numerous charitable events that benefited organizations such as United Way,the American Heart Association, Children’s Healthcare of Atlanta, the Brain Tumor Foundation forChildren, the National Veterans’ Wheelchair Games, and the Special Citizens of Atlanta. We alsostrengthened our commitment to the environment by using recycled paper and soy ink, by providingrecycle/shred bins in each of our branch locations and by oOering signiQcantly discounted rates for greenborrowing. In addition to awarding $15,000 in scholarship in 2009, our education initiatives such as theannual Home Buyers Expo and Credit Score Enhancement Seminars continued to help our membersnavigate through economic uncertainty. The Credit Union also provided ongoing consumer advocatemessages addressing topics such as title pawns, the truth behind 0% Qnancing, and responsible mortgagelending.

From $160 and eight members to $1.5 billion in assets and almost 150,000 members, Georgia’s Own isa 75 year success story by virtually every standard. So where does an organization go after 75 years ofundisputed achievement? The answer is simple – we go where our members need us to go. We respondin a reliable manner to the financial ebbs and flows natural to most families. We continue toinnovate and to lend in a time when others are not; we continue to invest in technology and inour people, and we never forget that at the end of the day, we are a value based business, here,quite simply, to serve you.

Georgia’s Own was founded during economically challenging times to improve the Qnancial wellbeingof our members. 75 years later, this mission is as relevant as ever. While we have seen numerous changessince our organization’s inception, rest assured, we will continue to put our 75 years of successfulexperience and integrity to work for you. Although, we are expecting another challenging year in 2010,we are well positioned to make the adjustments necessary to respond to the economic environmentand look forward to delivering real value to you and your family . . . for the next 75 years and beyond. Asalways, it is our distinct honor to serve you. We appreciate your business.

Sincerely,

Charlotte S. Ayers, President & CEO

Joseph M. Mauriello, Chairperson

Letter to Our Members

As we embark on the next 75

years, we not only celebrate

the strength of the vision of

our founders, but we also

aPrm our commitment to

continue to build a legacy of

service and responsibility.

-Charlotte S. Ayers,

President & CEO

8

2009 Highlights

9

Reached $1,518,221,119 in assets, up 22.3% over 2008

Maintained a healthy capital ratio of 11.4% as of December 31,2009, well above what regulators classify as ‘well capitalized’

Was among the industry leaders in terms of membership growthat 23% for a yearend total of148,748

Increased outstanding loan balances by 9.9% to end the year at$777,570,743

Returned more than $24,494,083 to members in the formof superior deposit rates

Added 49 sponsor groups, as well as Douglas, Richmond andEffingham counties to our Qeld of membership

Opened a new branch in Douglasville and broke ground on a fullservice facility in Grayson

Successfully merged both Retail Employees Credit Union andGPC Credit Association

Launched the i[x]ga program to remarkably educate andempower Georgia’s youth and secured the status of officialpartner of Junior Achievement of Georgia to expand the reachand impact of Qnancial literacy education in our state

Awarded $15,000 in scholarships and conducted numerouseducational seminars, ranging from Credit Score Enhancementto Home Buying

Formed Members Solution Team to assist those adverselyimpacted by the current economic climate

Participated and contributed to various community andcharitable causes, including United Way, the American HeartAssociation, Children’s Healthcare of Atlanta, the Brain TumorFoundation for Children, the Piedmont Park Conservancy,HOOPATLANTA beneQting the prevention of childhood obesityand the Special Citizens of Atlanta

Expanded our commitment to become a greenerorganization and became a Philips Arena Green Partner

Sponsored the University of Georgia/Georgia Techfootball game as a means of introducing credit unionservices to a broader audience

Became the oPcial partner of the Atlanta Thrashers

Partnered with WSB Channel 2 to bring high schoolfootball and select college football games to the Atlantaviewing audience

Partnered with premier sponsors to bring the collegefootball kick-off game to Atlanta, including game dayfestivities at Centennial Olympic Park

2009 Highlights

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B o a r d o f d i r e c t o r s

Michael BaumgartnerJoseph MaurielloChairperson

Charlotte Ayers

Richard Burns

Patrick CaseyPresident & CEO TreasurerVice Chairperson

William Conine Frances Doherty

Larry Fowler C. Edward Heath Gary Ludgood Joan Sims

John WhiteSecretary

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Ervin Walker Photography by Travis Massey

s t a t e M e N t o f f i N a N c i a L c o N d i t i o N

Assetscash and cash equivalentsinvestment securities held-to-maturity Loans - net of allowance for loan lossesaccrued interest receivableProperty and equipmentNcUsif insurance depositPrepaid expenses and other assets

Total Assets

Liabilities and Members’ Equity

checking accountsMoney Market accountssavings accountssavings certificatesindividual retirement accountsother liabilities

Total Liabilities

statutory reserveUndivided earnings

Total Members’ Equity

Total Liabilities and Members’ Equity

$ 108,061,146568,769,361777,570,743

4,641,97814,014,75712,821,69732,341,437

$ 1,518,221,119

$ 136,715,137228,005,477323,156,448475,691,911175,385,070

18,409,798

1,357,363,841

27,654,749133,202,529

160,857,278

$ 1,518,221,119

December 31, 2009

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s t a t e M e N t o f i N c o M e

s t a t e M e N t o f M e M B e r s ’ e q U i t y

$ 24,938,373 $ 146,280,644

- -

1,305,401

$ 145,368,556

$ 159,932,925

(879,935)

1,305,401

$ 160,857,278

Total

Balance, January 1, 2009

other comprehensive income, net

Net income

Balance, december 31, 2009

StatutoryReserve

UndividedEarnings

$ 27,654,749

-

Year Ended December 31, 2009

Interest Incomeinterest on loans interest on investment securities

Interest Expensedividends/interest on members' accounts

Net interest income

Provision for loan losses

Net interest income after provision for loan losses

Other income

Operating ExpenseGeneral and administrative

compensation and benefits occupancy expense office operations expense Professional and outside services other

Net Income

$ 46,901,88712,814,74259,716,629

24,494,083

35,222,546

8,487,867

26,734,679

18,791,949

18,226,2253,092,5129,803,6855,058,1818,040,624

44,221,227

$ 1,305,401

Year Ended December 31, 2009

(11,286,092)

(879,935)

-

($12,166,027)

Accumulated OtherComprehensive

Income

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926,365 (901,131) 25,234recU Merger

1,790,011 (1,316,358) 473,653GPc Merger

Savings Accounts

Regular Savings

Holiday Savings

Money Market Accounts

Savings Certificates

Individual Retirement Accounts

Health Savings Accounts

Checking Accounts

All Access Checking

i Checking

Golden Bell Checking

Visa®Check Card Services

Overdraft Privilege

ATM

Loans

New & Used Auto Loans

Boat, RV & Motorcycle Loans

ATV, Jet Ski & Snowmobile Loans

Farm Tractor Loans

Savings & Stock Secured Loans

Student Loans

Day Notes

CreditAble Loans

Green Loans

Lifestyle Loans

Mortgage Loans

1st Mortgage Loans

ReadiEquity Line of Credit Loans

Home Equity Fixed Rate Loans

Refinances

Credit Cards

Visa Platinum Card

Visa Gold Card

Student Visa Card

Secured Visa Card

Special Services

MEMBERS Financial Services*

Golden Bell Program

i[x]ga

Cub Club Program

Car Solutions Auto Buying Service

Extended Warranty Program

Payment Protection Insurance

Electronic Services

Georgia’s Own Website - georgiasown.org

Home Banking

Bill Pay

e-Statements

TELE-TALKPlus - touch-tone

phone service

24-hour Visa Phone Service

24-hour Loan Service

50,000 plus surcharge-free ATMs

Other Services

LOANLINER®Lending Plan

Electronic Direct Deposit

Payroll Deductions

Traveler’s Checks

Cashier’s Checks

Free Notary Service

Safe Deposit Boxes (select locations)

Savings Bond Redemption

Signature Guarantee Service

Coin Counter (select locations)

Member Services

Local (404) 874-1166

Nationwide (800) 533-2062

Monday-Friday 8AM - 5PM

General Offices

(404) 874-0777

Monday-Friday 9AM - 4PM

Mortgage Services

Local (404) 874-1166

Nationwide (800) 533-2062

Monday-Friday 8AM - 5PM

Visa® Credit Card Services

Local (404) 874-1166

Nationwide (800) 533-2062

Monday-Friday 8AM - 5PM

24/7 SERVICES

Internet Address

georgiasown.org

24/7 Loan Service

Local (404) 874-1166

Nationwide (800) 533-2062

TELE-TALKPlus

Local (404) 874-0242

Nationwide (800) 533-3817

P r o d U c t s a N d s e r v i c e s

*Representatives are registered through, and securities are sold

through, CUNA Brokerage Services, Inc. (CBSI), member NASD/SOPC,

2000 Heritage Way Waverly, Iowa 50677, toll-free (866) 512 6109.

Insurance sold through licensed CUNA Mutual Life Insurance

Company Representatives, and in New York, licensed insurance

representatives of other companies. Non-deposit investmentproducts

are not federally insured, involve investment risk, may lose value and

are not obligations of or guaranteed by the credit union.

c o N t a c t i N f o r M a t i o N

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B r a N c h L o c a t i o N s

Alpharetta Branch

5825 Windward Pkwy

Alpharetta, Georgia

AT&T Midtown Center Branch

Concourse Level

675 West Peachtree Street NE

Atlanta, Georgia

Century Center Branch

2200 Century Parkway, Suite 4

Atlanta, Georgia

Douglasville Branch

7421 Douglas Blvd., Suite P

Douglasville, Georgia

Gainesville Branch

475 Dawsonville Hwy, Suite F

Gainesville, Georgia

Lilburn Branch

4382 Lawrenceville Highway

Lilburn, Georgia

Macy’s Service Center

4401 Sarr Parkway

Stone Mountain, Georgia

(closed 1:30pm-2pm)

Restricted Access

Macy’s Systems & Technology

5985 State Bridge Rd.

Duluth, Georgia

(closed 1:30pm-2pm)

Restricted Access

Marietta Branch

401 Cobb Parkway N

Marietta, Georgia

Morrow Branch

7197 Highway 54

Morrow, Georgia

Norcross Branch

4830 Peachtree Industrial Blvd

Norcross, Georgia

Northlake Branch

Lakeside Centre Office Park

1979 Lakeside Parkway, Suite 100

Tucker, Georgia

Above Branch Hours

Monday-Thursday 9AM - 4PM

Friday 9AM - 5:30PM

Friday 9AM - 5PM (Morrow)

Saturday Branches

Alpharetta Branch

Douglasville Branch

Gainesville Branch

Lilburn Branch

Marietta Branch

Morrow Branch

Norcross Branch

Northlake Branch

Savannah Mall Blvd. Branch

Saturday 9AM - 1PM

Campanile Branch

Campanile Building

1155 Peachtree Street NE, Lobby

Atlanta, Georgia

Lindbergh Branch

Atrium Level

575 Morosgo Drive

Atlanta, Georgia

Perimeter Branch

1117Perimeter Center West, Suite E102

Atlanta, Georgia

Above Branch Hours

Monday-Friday 9AM - 4PM

GPC Main

133 Peachtree Street

Atlanta, Georgia

Monday-Friday 9AM - 4:30PM

Wildwood Branch

4300 Wildwood Pkwy

Atlanta, Georgia

Monday-Friday 9AM - 4:30PM

Conyers Branch

620 Sigman Road, Suite 100

Conyers, Georgia

Monday-Thursday 8:30AM - 4PM

Friday 8AM - 4:30PM

Augusta Location

Augusta Branch

1347 Augusta West Pkwy, Suite 1

Augusta, Georgia

Monday-Wednesday 9AM - 4PM

Thursday-Friday 9AM - 5:30PM

Savannah Locations

Savannah Whitaker Street Branch

10 Whitaker Street, Suite A

Savannah, Georgia

Monday-Friday 9AM - 4PM

Savannah Mall Boulevard Branch

401 Mall Boulevard

Savannah, Georgia

Lobby & Drive-thru hours

Monday, Thursday 9AM - 5PM

Tuesday, Wednesday 9AM - 4PM

Friday 9AM - 6PM

Saturday Lobby 9AM - 1PM

Saturday Drive-thru 9AM - 2PM

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Upcoming 2010 EventsAtlanta Spirit Sponsorship and Philips Arena Green Partner

All Access April and October

Georgia’s Own Battle

(Georgia Tech vs. University of Georgia Basketball)

International Credit Union Day and Youth Week Celebration

Green Day at Alpharetta Branch

Opening of Our Grayson Branch

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This report was printed by a Sustainable Forestry Initiative® (SFI) and Forest

Stewardship Council® (FSC) certiQed printer, using recycled paper and soy bean

content ink.

Please Recycle

We Stand for theProsperity of Our Members

We Stand forUnmatched Service

We Stand for a Healthy Planet

Georgia’s Own Credit Uniongeorgiasown.org

404.874.1166 800.533.2062

1155 Peachtree Street NE P.O. Box 105205 Atlanta, GA 30348