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
CUs topic of L.A. radio show
LOS ANGELES (7/21/08)--Credit unions were the topic of KNX 1070 News Radio’s “Money 101 with Bob McCormick” last week. The show contrasted the safety of credit unions with that of banks. “Disillusioned bank customers may be turning to credit unions, which have 9 million members in the state of California,” McCormick said in opening the show. Credit unions don’t make subprime loans or risky investments, McCormick noted. He also interviewed Daniel Penrod, an industry analyst with the California Credit Union League. “Credit unions can only build their money through internally generated funds so any project that loses money--is money coming from the membership,” Penrod told McCormick. “They’re much more conservative in what they’re willing to do.” McCormick told viewers they can find a credit union they’re eligible to join, and encouraged them to visit www.findacreditunion.org.
Other Resources

RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
8 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
10 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
12 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
12 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
13 hours ago