By Karen Cohilas - bio | email
ALBANY, GA (WALB) – It's been a bad year for financial institutions. Banks across the nation and state of Georgia have failed. But that's not the case with credit unions. The member owned financial institutions are still going strong after 100 years. An Albany man is passing down some lessons he's learned.
Bob Fowler can tell you all about how DoCo credit union started up Half a century ago. He said, "It was started at a meeting in 1959, I remember it was in May of that year."
And though credit unions have now been around for decades, he sees them as being even more important in the decades to come. "They're the wave of the future."
Georgia Credit Unions took Fowler's years of experience and financial wisdom, along with others, and put it in a video to pass along a century of good advice. Anita Paul said, "We couldn't think of anybody better to represent Albany and this area than Mr. Fowler."
Fowler said, "It was really an honor and a privilege to be invited to be a part of that. I guess it's 'cause I'm so old, I've been around so long and been in credit union movement so long."
Institutions that remain solvent, in a time when banks are collapsing. "You haven't seen a credit union go under," said Fowler, "Credit Unions are managed in a way that they're strong and supported with a lot of federal guidelines and federal involvement."
Paul said, "We thought, what better time to give Georgians some good advice than now?" A century of good advice, to help the generations over the next 100 years.
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