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CU System
League poll Texas voters rank CUs high
FARMERS BRANCH, Texas (7/6/09)--Credit unions ranked high according to results of a Texas Credit Union League (TCUL) telephone poll of Texas voters on their perceptions of the state’s top issues, elected leadership, the Texas economy, the economic crisis and other financial issues. “Texas voters are more optimistic than the rest of the country about our state’s economy and surviving their national current financial crisis,” said Buddy Gill, TCUL chief advocacy officer. “We’re delighted, but not surprised, to continue to see credit unions consistently rank as the most popular of any financial services institutions today. “Credit unions weren’t part of the problems that caused the national financial crisis, but we can be part of the solution to get our country back on its feet,” he added (The Advocate June 30). Findings of the poll indicated:
* Credit unions are not viewed as part of the country’s economic problems. * The popularity of credit unions remains high. The image of credit unions has remained virtually unchanged at 75% favorable and 8% unfavorable--statistically the same as the 2004 finding of 77% favorable and 9% unfavorable. What is noteworthy, said TCUL, is that credit unions are popular far beyond their own membership levels, nearly half (45%) of all Texas voters are members of Texas credit unions--up slightly from 42% in 2004. * Voters favored eliminating the 12.25%-of-assets cap on member business loans that Congress placed on credit unions 11 years ago. Voters see small-business loans as a workable way to help get credit into entrepreneurs’ hands while other financial institutions cut back on lending during the recession, TCUL said.
The poll of 800 registered Texas voters was conducted April 23, 25 and 26 by a bipartisan political polling team of Public Opinion Strategies, a Republican company based in Virginia, and Hamilton Campaigns, a Democratic firm based in Florida.
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