Holiday Help 12/12/12 Loan Special!**
Need some extra stuffing for your holiday budget? Check out our Holiday Help Loan! Borrow $1,200 – 12 Month Repayment Period – 12% ARP* Contact us for more information and to apply!
*Annual Percentage Rate **Must be a member in good standing with an account that has been opened for 90 days or longer and no active bankruptcy to apply. Rate valid as of 11/4/2024, promotion may end at any time. $50 application fee payable at time of application.
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We will be closing at 1:00pm on Tuesday, December 31st and we will be closed on Wednesday, January 1st for New Years!
GHFCU IS NOW OFFERING EARLY PAY!
Early Pay makes ACH direct deposit funds available up to two days early! This service is free of charge for our members, sign-up is not required but you must have direct deposit set up. Early posting is not guaranteed, we can only post early if the file is received from the other institution.
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Supporting Local Businesses: Why It’s So Important in Today’s Economy

Nov 10, 2020

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Supporting local, small businesses in Georgia is important for today's economy, especially during this COVID-19 pandemic. In this image, a small business owner poses in a clothing store.

According to the U.S. Small Business Administration Office of Advocacy, small businesses contributed to nearly 1.6 million jobs across Georgia in 2018. That makes up more than 43 percent of all Georgia workers.

That year alone, small businesses created more than 73,000 new jobs.

Supporting small businesses is integral to a stable economy, and doing so may be especially important now as the nation works to recover from the devastating financial impact of the coronavirus pandemic.

When purchases are made at locally owned businesses, significantly more money stays in a community. There are many positive financial and intangible benefits of supporting small businesses in Effingham, Bryan, and Chatham counties.

  • Local businesses are more likely to utilize other local businesses such as credit unions, restaurants, and entertainment venues.
  • For every $100 you spend at a local business, $68 will stay in the community.
  • Independent retailers return more than three times as much money per dollar of sales to the community in which they operate than chain competitors. Independent restaurants return more than two times as much money per dollar of sales than national restaurant chains, as noted on the state of Massachusetts website.
  • Local businesses may be owned by people you know, so you essentially would be supporting your friends, neighbors, acquaintances, and maybe even your own family.
  • Showing support for local businesses creates bonds within the community as you get to know other people better and possibly build lasting friendships.
  • Businesses may be more likely to give back to their local Georgia community, such as through business partnerships, sponsorships, school fundraising events, civic events, and internships or other educational opportunities for students.

Georgia Heritage Federal Credit Union, for example, was a sponsor of the inaugural AAA Free Drive-Up School Supply Giveaway held on Saturday, August 15. Four hundred backpacks with school supplies and PPE – as well as tote care packages for teachers with teaching aides, tools, and PPE – were donated. We are so thrilled to have been part of such an extraordinary event and are proud to give back to the community.

When you support small businesses in Effingham, Chatham, and Bryan counties, you may stumble upon little treasures that you wouldn’t find elsewhere. In this image, a woman looks through a crate of records.

When you support small businesses in Effingham, Chatham, and Bryan counties, you may stumble upon little treasures that you wouldn’t find elsewhere.

There are many ways you can support Savannah Metropolitan Area small businesses during this coronavirus pandemic. Here are just a few:

  • Order takeout from a small restaurant you never tried before. Explore their menu online, place an order, and have it delivered to your home or pick it up in person.
  • Along those lines, if you find a small business you love, continue to shop there and tell your friends about it. You may even wish to post a 5-star review about the business online to boost their reputation.
  • Instead of shopping at larger stores, consider stepping into a small business that offers the same products.
  • If you need your hair cut or your nails done, give a new business a try.
  • As you’re looking for a gift for someone, try thinking outside the box. How about the privately owned flower shop, or maybe a local jewelry store?
  • Try the local hardware store for a tool or household item.

Georgia Heritage Federal Credit Union is proud to support both small and large businesses in the Savannah Metropolitan Area.

Become a Member of GHFCU

Anyone who lives, works, worships, or attends school in Chatham, Effingham, or Bryan counties in Georgia and their immediate family members may gain membership to the Credit Union.

Apply Now

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