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
Christian to Write on CU Difference in GoBankingRates.com
LOS ANGELES (12/11/13)--Social media strategist and cooperative activist Kristen Christian will write a monthly question-and-answer column focusing on the credit union movement.
 
The impending launch of Christian's column was announced Monday on GoBankingRates.com--the website that will publish it (GoBankingRates.com Dec. 9).
 
Christian, who lives in Los Angeles, will discuss the difference between credit unions and community banks--focusing on the fact that credit unions are, by definition, non-profit cooperatives, and that no credit union has ever been bailed out with public funds.
 
Community banks, meanwhile, are largely for-profit institutions that can be sold to big banks, said her first column. Opening savings accounts with them doesn't confer any ownership on account holders, and community banks accepted taxpayer financed bailouts during the savings and loan crisis in the 1980s and the subprime crisis last decade, she wrote.
 
In 2011, Christian shot to prominence within the credit union movement when she launched National Bank Transfer Day--a movement that encouraged customers sick of big banks' fees to become credit union members. After National Bank Transfer Day occurred on Nov. 5 of that year, more than two million people joined credit unions.
 
To read the full article, use the link.
RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
4 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
4 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
5 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
6 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
6 hours ago