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
ICNNMoney.comI reassures CU members about CUs
NEW YORK (3/26/09)--CNNMoney.com Monday reassured credit union members that their credit unions are safe. The article, “Credit Union Members: Don’t Panic,” reminds members that credit unions offer some of the “best deals” in banking. The piece was written in response to news about two corporate credit unions being placed into conservatorship. CNNMoney also noted that member deposits at federally insured credit unions are backed by the National Credit Union Administration. “You’re still going to find low fees and good deals at credit unions,” the article said. “As long as your institution is federally insured and your deposits fall below the insured limits, you can rest easy.” The article also prompted a debate in a comments forum about credit unions’ tax-exempt status. Several readers noted that credit unions, unlike banks, have not asked for taxpayer money to bail them out.
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
9 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
11 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
13 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
13 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
15 hours ago