Financial/Investing

Eric Jenkins will become the new Chief Executive Officer of SRP Federal Credit Union on Sept. 1. He will succeed interim President, Woody Shuler. Jenkins, a graduate of the University of South Carolina, had served as CEO at Education Credit Union in Amarillo, Texas. “The Board is pleased and excited that Mr. Jenkins will be joining the SRP team as CEO,” said SRP Board Chair, Sandra DeVoe Bland. “His energy, leadership, and vision, fit well with SRP. The Board feels that Mr. Jenkins is the perfect leader to continue and

  Patti McGrath is a Marketing Specialist II at SRP Federal Credit Union. She has worked in marketing for more than 25 years and has five years in the credit union industry. Joining the SRP team has been rewarding for her due to their involvement in the community, especially regarding financial literacy. She wanted to share one of her experiences with you, our readers.   On Wednesday, July 20, about 30 teenagers representing numerous area high schools gathered at SRP Park’s WOW Club for a morning of interactive learning at

It looks like some Baby Boomers might be hanging out in the job market a bit longer. The Center for Retirement Research at Boston College estimates that retirement accounts collectively have lost more than $3 trillion since January – $1.4 trillion in 401(k)s and $2 trillion in IRAs. That has a lot of people near retirement age nervous about their future. “That is something that concerns retirees,” John Travis, a financial advisor with Richard Young Associates in Augusta, said. “That is a real fear.” So far this year, the index

When Queensborough National Bank & Trust was founded, Teddy Roosevelt was in the White House. The local bank just celebrated its 120th anniversary. Founded in May 1902, it was originally called the First National Bank of Louisville, which is a small town located about an hour from Augusta. Queensborough now has 27 locations in towns throughout Georgia, including Augusta, Waynesboro, Sylvania, and Statesboro. The bank, which was established with only a few employees, now has a staff of more than 350 people, and currently manages more than $2 billion in

  Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he discusses unique ways Augusta University students interact with local businesses. The interview has been edited for clarity and impact. ABD: You recently were involved in two events that brought Hull College students in contact with the “real world” of local businesses. Tell us about the first one. Rick: The first one involved the Jessye Norman School of the Arts. They held a Shark Tank-type contest

  Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he provides tips on how businesses can cope with inflation without hurting their customer base. The interview has been edited for clarity and impact. ABD: Briefly, what is causing inflation, which is currently at 8.5 percent, the highest in 40 years? Rick: It’s a money supply issue – too much money has been pumped into the system. I’m not an economist but I think that’s the