Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Consumer expert Chatzky: CUs stand on the side of the consumer
DALLAS (2/10/14)--During an appearance for the Cornerstone Credit Union Foundation, personal finance expert Jean Chatzky commended credit unions and what they've done for Americans, especially during the economic downturn.
 
"You stand on the side of the consumer," she told attendees at Thursday's FOCUS Summit in Dallas. ( Leaguer Feb. 7). Chatzky, who told the group she is "a fan of credit unions," is director of education at SavvyMoney and financial editor for NBC's "Today" show.
 
When it comes to the relationships between consumers and their money, many are "a hot mess," the best-selling author said during the keynote speech.
 
Chatzky talked about "financially fragile" Americans. A significant percentage of women, African-Americans, Hispanics, elderly and the poorly educated don't have financial education, she said, adding that fewer women than men have an emergency savings fund, are comfortable with their debt load or regularly balance their checking account.
 
"Most people aren't money experts, and that is why they need you," she said. "You are in a service business, and you need to be able to anticipate people's needs."


RSS print
News Now LiveWire
.@MICreditUnions-supported electronic lien titling bill unanimously passes Assembly, on way to Senate http://t.co/6He1JG2ucr
48 minutes ago
#NewsNow: @TheNCUA board approves techincal amendments, gives TCCUSF update. http://t.co/IR3Iw37MSS
1 hours ago
Reminder: @TheKCUA Wichita phone unavailable after 330 pm CT for move to new location. Regular business hours resume Monday.
1 hours ago
.@PCUA Penn. CU Assn leader Conway is #creditunion employee for a day. Read News Now: http://t.co/vBuY8Ukwsg
1 hours ago
#creditunion employee for the day: @PCUA's Conway #NewsNow http://t.co/xBAMJxKMoQ
1 hours ago