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CU System
CNBC Minn. news station promote CUs safety soundness
MADISON, Wis. (10/15/08)--CNBC and a local St. Paul, Minn.-based television news station recently noted credit unions’ safety and soundness. CNBC’s Jane Wells noted credit unions during a segment about the subprime mortgage crisis. Bill Cheney, president/CEO of the California and Nevada Credit Union Leagues, was interviewed for the segment. Cheney told Wells that credit unions are well-capitalized. WCCO 4 News in St. Paul featured Hiway FCU and its CEO, Jeff Schwalen, during the news station’s “Good Question” segment. WCCO interviewed several credit union members who described the credit union difference and noted that they felt their deposits were safe at the credit union. Hiway has $742 million in assets. To see the videos, use the links.
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