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Idaho TV station reports CUs help recovery
POCATELLO, Idaho (3/13/09)--Credit unions plan to help lead the U.S. economic recovery, said Alan Cameron, president of the Idaho Credit Union League, in a story reported by a local NBC affiliate. “We stand to ready to make loans,” Cameron said, speaking at Potelco United CU’s annual membership meeting Wednesday. “We have the equity, the network, the stability and the desire to help our members to do a better job financially. In helping our members do better financially, we help our community in doing better financially” (KPVI.com March 11). Credit unions are part of the larger economic scenario, and are feeling some strain because members are taking out fewer loans--which results in less revenue to put back into members’ hands, the TV station reported. However, conservative lending practices help credit unions be part of the solution to the economy’s troubles, members said at the meeting. Potelco United CU, based in Pocatello, Idaho, has $56.2 million in assets.
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