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
IUSA TODAYI Hampel discuss deposit shift to CUs
McLEAN, Va. (11/4/08)--USA TODAY quoted Credit Union National Association Chief Economist Bill Hampel in a Monday article and noted that credit union deposits are growing. Consumers are shifting their deposits into credit unions and community banks as turmoil in the financial markets continue, USA TODAY said. It also cited a CUNA survey, which indicated that one-fourth of credit unions experienced above-average growth in deposits during the last six weeks. However, 40% of credit unions surveyed said the deposits were growing at a weaker rate than one year earlier. The slowdown is likely due to confusion over whether credit union accounts are federally insured--but credit union accounts are backed up to $250,000 by the National Credit Union Administration, Hampel told the newspaper. To read the full article, use the link.
Other Resources

RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
14 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
19 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
20 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
20 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
21 hours ago