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
CU bailout not from taxpayers--league op-ed letter
MADISON, Wis. (3/24/09)--A so-called “federal bailout” of corporate credit unions is no such thing, and the $4.7 billion in aid comes from credit unions’ own self-funded insurance system--not from taxpayers, according to an op-ed letter from the Wisconsin Credit Union League. “That’s a novel idea--an industry trying to solve its own problems, credit unions helping credit unions,” wrote Brett Thompson, league president/CEO, in a letter in Monday’s Wisconsin State Journal, refuting the “federal bailout” assertion made in a March 13 letter to the editor by Kurt Bauer, president/CEO of the Wisconsin Bankers Association. “Bauer would be better off addressing the issues faced by his own industry than by trying to undermine confidence in credit unions at a time when regulators have proclaimed credit unions to be safe, healthy and lending vigorously,” Thompson concluded.
Other Resources

RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
20 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago