Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
ABC features Switch to CUs
NEW YORK (1/12/10)--The media kudos for credit unions continues this time with ABC’s Diane Sawyer Friday noting on ABC’s World News Tonight that many consumers are trading their financial institutions on Wall Street to the ones on Main Street. The ABC news piece, “Switch to CU, Avoid Bank Fees,” featured two consumers who switched from their big banks to smaller financial institutions. It also noted the “Move Your Money project,” which was created by Arianna Huffington, owner of The Huffington Post. The project encourages consumers to take their money out of big banks and move it to smaller financial institutions such as credit unions and community banks. “When big banks see real competition from the community banks and credit unions, they will change their behavior,” Huffington told ABC’s David Muir. The project’s Facebook group, “Move Your Money,” has nearly 20,000 fans. The “Move Your Money” campaign on YouTube also has received more than 300,000 views (Newsline Express Jan. 8). Credit Union National Association President/CEO Dan Mica also wrote a column for The Huffington Post, saying that credit unions are experiencing record membership growth and that “disenchantment” with banks may be part of the reason. His column generated many reader comments, many of them about the positive experiences consumers have had with credit unions. An editorial in The Brattleboro Reformer and an audio blog that aired on WKVT in Brattleboro, Vt., identified credit unions as good local options for consumers. In other news, The Washington Post Thursday recommended that homeowners looking to refinance a mortgage talk to several lenders--including a credit union. A blog, the Red, White and Blue Press also recommended (Jan. 11) that consumers seek credit unions instead of banks to improve their finances.
Other Resources

RSS print
News Now LiveWire
#NewsNow S.F. paper notes Bay Area CUs' growth, 100M milestone http://t.co/rxl2TrwRIt
27 minutes ago
Take 1 step to prepare See #NewsNow http://t.co/iAmMGHY9V3 HT @AgilityRecovery graphic #NPM @Readygov http://t.co/KDvJl9K9hJ
50 minutes ago
#NewsNow: Seth Carpenter nominated to be @USTreasury assistant sec. for financial markets. http://t.co/SfLjscjrEE
1 hours ago
Newly merged VolCorp #creditunion elects board #NewsNow http://t.co/4nE9uSgBlx
1 hours ago
#NewsNow: @CUNA seeks comment on #FinCEN customer due diligence proposal. http://t.co/l1cowIHBNB
1 hours ago