Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CDCUs financial counseling service has good year
NEW YORK (3/12/08)--During its first year, more than 40 credit unions offered BALANCE, the National Federation of Community Development Credit Unions’ free financial counseling and education service, helping more than 1,000 members. BALANCE also offers foreclosure prevention advice and debt consolidation. “BALANCE is such a valuable benefit to our members that we will make it one of our core services, without outside subsidy,” said federation CEO Cliff Rosenthal. This year’s program was offered at no cost to CDCUs under $35 million in assets, an increase from last year’s offer to CDCUs under $25 million in assets, Rosenthal said. Most of the federation’s 232 member credit unions qualify for the free service. Women’s Southwest FCU, Dallas, was one credit union helped by the program. “Some people don’t want to or can’t come into the credit union and talk to us about their finances, and this program allows members to discuss their financial issues with someone truly anonymous on their own time,” said Women’s Southwest CEO Teri Portillo. A group of credit unions funded the bulk of the cost of providing BALANCE to small credit unions. Credit unions that helped launch the program include:
* America First CU, Odgen, Utah; * Andrews FCU, Suitland, Md.; * Boeing Employees CU, Seattle; * GTE FCU, Tampa, Fla.; * Navy FCU, Vienna, Va.; * Orange County Teachers FCU, Santa Ana, Calif.; * Patelco CU, San Francisco; * Suncoast Schools FCU, Tampa, Fla.; and * Truliant CU, Winston-Salem, N.C.
Other Resources

RSS





print
News Now LiveWire
Delaware #CU growth noted in @DeBusinessTimes http://t.co/b11eaQo4CT
56 minutes ago
Data security legislation among FTC recommendations #NewsNow http://t.co/2pS3Te1RPS
2 hours ago
.@CUNA has written to @RepBlainePress and @BradSherman to express support for a privacy notice bill expected to be introduced today.
2 hours ago
.@AEAFCU,which operates under conservatorship of @TheNCUA, reports improved financial performance for 2014. Release: http://t.co/AUvBLXtQt0
2 hours ago
5 MI #CUs named @101Best list for 2014 @ConsumersCU @DFCUFinancial @LMCU @michiganfirstcu @msufcu #101BB #NewsNow http://t.co/o680Rtpdsv
2 hours ago