Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
BECU outlines CU difference for local paper
TUKWILA, Wash. (5/24/10)--Gary Oakland, BECU president/CEO in Tukwila, Wash., shared the credit union difference Friday with a local newspaper, The News Tribune. In a question-and-answer format, Oakland talked about some of the things that separate credit unions from banks. First, credit unions are cooperatives and don’t have stockholders to pay. “We want members to see what value the co-op has that benefits them and their community,” he said. Service also sets credit unions apart. “There was a time when banks forgot about consumers, and when they came back, credit unions had a foothold,” he added. He also said BECU doesn’t have teller lines. “We don’t do transactions, we do conversations,” he said. “We have neighborhood financial centers.” BECU plans to open three to six financial centers per year and is planning growth in concentric circles. Business at the credit union is also good--it’s seeing a decline in write-offs and is well-capitalized, he said. BECU has $8.6 billion in assets.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
13 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
15 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
16 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
16 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
16 hours ago